The forecast for Canadian government expenditure on R&D relative to GDP shows a steady decline from 2024 to 2028. The proportion of GDP allocated to R&D is 0.1% in 2024, gradually decreasing to 0.086% by 2028. This reflects a continuous reduction in government emphasis on R&D investment in terms of GDP share over this period.
Key future trends to watch for include:
- The potential impact of reduced R&D spending on innovation and technological advancement in Canada.
- Changes in government policy, which could reverse or accelerate the decline in R&D investment.
- Global economic conditions, which may affect the availability of resources for R&D funding.
