In 2023, Canada's higher education expenditure on R&D stood at a baseline preceding the forecasts. Moving from 2024 through 2028, a noticeable declining trend in expenditure is forecasted from $111.18 million to $104.49 million USD PPP, demonstrating an annual negative variation. From 2024 to 2025, the expenditure decreases by approximately 2.03%, with subsequent declines of 1.67% from 2025 to 2026 and 1.36% from 2026 to 2027, culminating in a 1.10% reduction in 2028. The compound annual growth rate (CAGR) over these five years reflects a deceleration in funding for research and development.
Future trends to monitor include governmental funding policies and institutional capacity to adapt innovative practices to counter this declining trend. Additional focus should be given to global competitive pressures, particularly how Canada adjusts its R&D strategies within higher education to remain internationally relevant.
