In 2023, the Canadian government expenditure on R&D in social sciences, humanities, and the arts was 260 million US Dollars PPP. Forecasts for the next five years show a steady growth, with an estimated expenditure reaching 278.2 million US Dollars PPP by 2028. This reflects an annual compound growth rate (CAGR) of approximately 1.31% from 2023 to 2028.
The trend suggests a moderate but consistent increase in investment, indicating a sustained commitment to supporting these critical areas. The annual year-on-year growth is nearly 1.4% from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of economic fluctuations on public funding allocations.
- Increased focus on interdisciplinary projects blending social sciences, humanities, and arts with technology and innovation.
- Policy changes that may influence funding priorities and directions.
- Evolving societal needs that may dictate shifts in research emphasis within these fields.
