The expenditure on higher education R&D in Canada, expressed as a percentage of GDP, is forecasted to be stable at 0.59% from 2024 to 2026, with a slight increase to 0.60% in 2027 and 2028. In 2023, the actual expenditure was similar, suggesting minimal year-on-year variation, underlining a stable investment in higher education R&D relative to national economic output. The compound annual growth rate (CAGR) over this period will likely be negligible, reflecting a steady but minimally growing trend.
Future trends to watch for include potential policy changes aimed at boosting R&D investment, shifts in economic growth affecting GDP proportions, and international competitive pressures enhancing Canadian higher education’s focus on innovation and research development.
