The employees in the Scientific Research and Development sector in Canada have seen significant fluctuations over the past decade. From 2013 to 2016, there was a steady decline, with the most notable drop of 7.93% in 2016. However, recovery began in 2017 with a 4.86% increase and continued through 2018 and 2019, albeit with some minor setbacks. The years 2020 to 2022 marked a period of robust growth, peaking in 2021 with a 17.08% rise and further boosted by 14.68% in 2022. In 2023, the value stood at 143.04 million hours, representing almost no growth year-on-year. The forecast indicates a plateau from 2024 to 2028, with minimal annual increases of around 0.02% CAGR.

Future trends to watch for:

Stagnation in employee growth from 2024 onwards with a near-flat trajectory.
Potential external factors such as technological advancements or policy changes that may influence sector dynamics.
Global market conditions influencing funding and investment in scientific R&D.