In 2023, the production of medium-high R&D intensive activities in Canada stood at approximately 367.00 billion Canadian dollars. The forecasted data from 2024 to 2028 shows a steady growth trend, with an expected increase each year. The percentage year-on-year growth rates are as follows: 2024 to 2025 is 1.77%, 2025 to 2026 is 1.70%, 2026 to 2027 is 1.64%, and 2027 to 2028 is 1.58%. The compound annual growth rate (CAGR) over this five-year period is approximately 1.69%.

Future trends to watch for include:

Potential disruptions or accelerations in growth due to technological advancements.
Changes in government policies or international trade agreements affecting R&D investments.
Shifts in global economic conditions influencing Canada's R&D activity competitiveness.