In 2023, Canada’s intramural expenditure on R&D in Natural Sciences and Engineering was below the forecasted 2024 value of CAD 41.29 billion. The year-on-year growth percentages from 2024 to 2028 respectively are: 2.45% in 2025, 2.36% in 2026, 2.28% in 2027, and 2.18% in 2028. Over this period, the compound annual growth rate (CAGR) is approximately 2.32%, indicating a steady upward trend in intramural R&D investments.
Future trends to watch for:
- Government policies influencing R&D funding.
- The impact of technology and digital transformation on R&D processes.
- Investment shifts towards emerging areas like AI and green technologies.
