In 2023, the total intramural expenditure on R&D in natural sciences and engineering in Canada stood at an estimated 32.48 billion US dollars PPP. The forecasted data from 2024 to 2028 shows a steady annual increase, with variations ranging from approximately 2.3% to 2.1% year-on-year. The compound annual growth rate (CAGR) for 2024-2028 is projected to be around 2.22% annually. This consistent upward trend highlights a sustained commitment to advancing research and development in these fields.
Future trends to watch for include potential shifts in funding priorities, technological advancements driving increased R&D investment, and the impact of government policies on R&D growth. Keeping an eye on these factors will be crucial for understanding changes in expenditure patterns.
