The forecast for higher education expenditure on R&D in social sciences, humanities, and the arts in Canada indicates a steady annual growth. The 2024 estimate stands at CAD 4.41 billion, anticipating progressive increases to CAD 4.89 billion by 2028. Comparing year-on-year increments, the trend denotes an approximate 2.7% growth rate annually, reflecting a consistent investment in these fields. The compounded annual growth rate (CAGR) over the five-year forecast period underscores this positive trajectory, showing continued commitment to advancing R&D in these disciplines.
Future trends to watch include potential shifts in funding priorities influenced by technological advancements, policy changes, and societal needs. Monitoring how these factors impact the allocation and distribution of resources will be crucial for stakeholders involved in this sector.
