In 2023, Canada's Higher Education Expenditure on R&D in Natural Sciences and Engineering was approximately 8.50 billion US dollars (PPP = 2015). The forecast from 2024 to 2028 shows a gradual decline, with values decreasing from 8.42 in 2024 to 8.17 billion by 2028. This represents a year-on-year percentage decrease of roughly 0.71% annually. Over the five-year period, the compound annual growth rate (CAGR) averages at approximately -0.78%, indicating a slow but consistent decline in expenditure.
Future trends to watch for include potential policy shifts or funding increases that could reverse the declining trend, the impact of technological advancements on R&D efficiency, and the influence of global economic conditions on funding priorities in Canada.
