In 2023, the number of persons employed in high- and medium-high R&D intensive activities in Canada was approximately 1.12 thousand jobs. From 2024 to 2028, employment in these sectors is forecasted to increase gradually from 1.13 to 1.17 thousand jobs. The year-on-year growth rate is consistent at about 0.88%. Over this five-year forecast period, the compound annual growth rate (CAGR) is approximately 0.88% annually, indicating a modest upward trend in employment.
Future trends to watch for include:
- The impact of technological advancements on employment in R&D sectors.
- Government policies influencing R&D investments.
- Global economic conditions affecting Canada's R&D capabilities.
