The forecast for Canada's Gross Domestic Expenditure on R&D shows a declining trend from 2024 to 2028, with a negative Compound Annual Growth Rate (CAGR) of approximately -2%. This indicates a consistent decrease in the annual expenditure on R&D across the forecasted years. In 2023, the real expenditure showed signs of stagnation, leading to this negative projection moving forward. The year-on-year percentage changes reflect a gradual decline, marking a continuous challenge for growth in the R&D sector.
Future trends to watch include potential policy changes, technological advancements, and economic recovery efforts that could influence R&D spending patterns, as increased investment may become necessary to sustain innovation and maintain competitiveness.
