According to the data, Canada's Gross Domestic Expenditure on R&D as a percentage of GDP is expected to decline over the next five years. The values are as follows: 1.45% (2024), 1.43% (2025), 1.41% (2026), 1.39% (2027), and 1.37% (2028), indicating a consistent year-on-year decrease. This trend shows a compounded annual growth rate (CAGR) of approximately -1.40% from 2024 to 2028.
It is essential to monitor the impact of government policies on R&D financing, the role of private sector investment, and technological advancements in driving innovation. Additionally, global economic conditions and international collaboration could influence future R&D expenditure trends in Canada.
