The forecast for Canada's Gross Domestic Expenditure on R&D indicates a negative trend from 2024 to 2028, with a consistent yearly decline. In 2023, the base year actual figure is not provided, but post-2023, the drop in R&D expenditure reflects a concerning pattern.

Trends to watch include:

Continued decline in R&D investment, potentially impacting innovation and competitiveness in Canada.
Economic or policy changes that might reverse this downturn, such as increased government incentives or shifts in industry focus toward innovation.
External factors such as global economic conditions or technological advancements influencing R&D priorities.