In 2023, Canadian higher education expenditure on R&D in social sciences, humanities, and the arts stood at 3.46 billion USD PPP. The forecasted growth projections from 2024 to 2028 show a consistent year-on-year increase with values: 3.55 billion USD in 2024, 3.64 billion USD in 2025, 3.73 billion USD in 2026, 3.83 billion USD in 2027, and 3.92 billion USD in 2028. The year-on-year variation is approximately 2.5%. The compound annual growth rate (CAGR) over these five years averages around 2.5%.
Future trends to watch for include the potential impact of digital transformation and globalization on funding allocation, and the role of interdisciplinary studies in shaping R&D priorities, which might drive further increases or changes in expenditure patterns.
