The forecast for government-financed gross domestic expenditure on R&D in Canada from 2024 to 2028 is consistently 0.47% of GDP. This indicates a flat trend with no projected growth over the next five years. In 2023, the actual expenditure as a percentage of GDP was also 0.47%.
Future trends to watch for:
- Potential policy changes aimed at boosting innovation and R&D spending.
- The impact of economic fluctuations on government budgets for R&D.
- Global competitiveness and collaborations that may influence R&D investments.
