Forecast: Government Expenditure on R&D in All Fields in Canada

The forecast for Canada's government expenditure on R&D remains steady at 2.11 billion USD PPP from 2024 to 2028. This consistency suggests a stabilization in funding levels following historical fluctuations. In 2023, the funding was at a similar level. The absence of year-on-year variation from 2023 reflects a strategic decision or economic conditions that drove this plateau.

Future trends to watch for include:

  • Potential shifts in funding distribution across specific R&D fields, reflecting emerging national priorities.
  • Impact of global economic changes on the purchasing power parity and its influence on R&D allocations.
  • Technological advancements and policy changes that could drive an increase or decrease in future funding levels.

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