The forecast indicates a steady growth in business enterprise R&D expenditure within Canada's professional, scientific, technical, administrative, and support service activities from 2024 to 2028, increasing annually by 2.62, 2.64, 2.66, 2.68, and 2.7 billion USD, PPP = 2015. In 2023, the actual expenditure was 2.6 billion USD. The yearly growth rate is approximately 0.76%, and the projected Compound Annual Growth Rate (CAGR) over the five years is around 0.76%, suggesting a gradual yet consistent rise.
Future trends to watch for include advancing technology investments, increased focus on sustainability and green technologies, and the potential impacts of governmental R&D incentives and policies on expenditure patterns within these sectors.
