The business enterprise expenditure on R&D in social sciences, humanities, and the arts in Canada is anticipated to grow consistently from $20.25 million in 2024 to $22.02 million by 2028. The year-on-year growth rates show a steady increase, with the expenditure rising by approximately 3% each year. The projected compound annual growth rate (CAGR) over the next five years is about 2.1% annually.

Future trends to watch for:

Increased emphasis on interdisciplinary research, potentially driving further investment in these fields.
Government policies and grants aimed at bolstering research in humanities and arts could further spur growth.
Shift toward digital and technological integration in social sciences and arts, influencing expenditure allocations.