In 2023, the business enterprise expenditure on R&D in the computer, electronic, and optical industry in Canada accounted for a notable portion of GDP. From 2024 to 2028, forecasts indicate a consistent decline in this expenditure, decreasing from 0.032% of GDP in 2024 to 0.0063% in 2028. This reflects significant year-on-year decreases, with a compounded annual growth rate (CAGR) showing a consistent downward trend over five years. Future trends to watch include:
- Potential impact of technological advancements on R&D spending.
- Government policies encouraging innovation in tech industries.
- Global economic conditions influencing investment in R&D.
