The forecast for R&D personnel in Canada shows a consistent upward trend from 2024 to 2028, rising from 280.09 thousand to 292.24 thousand full-time equivalents. For context, the number stood at approximately 277 thousand in 2023. Year-on-year growth rates for the upcoming years reflect steady increases, with a general annual growth rate of around 1.1% from 2023 onward. Over the past two years, we observe an accelerating trend, and the five-year compounded annual growth rate (CAGR) is projected at approximately 1.1%.
Future trends to watch for include how Canada’s policies and investments in technology and innovation could affect R&D staffing levels. Other factors to consider are global economic conditions, technological advancements, and potential collaborations with international research entities, which could further influence these projections.
