The forecast for private non-profit expenditure on R&D in Canada shows a gradual decline from 2024 to 2028. In 2023, this expenditure was a percentage of GDP higher than what is projected for 2024. Year-on-year analysis reveals a consistent decrease, with the most significant drop between 2026 and 2027. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is expected to reflect a negative trend, indicating an average decrease per year.
Future trends to watch for include potential shifts in government policy or funding that may influence non-profit investment in R&D. Additionally, technological advances and societal needs might drive changes in expenditure priorities.
