The value added of high- and medium-high R&D intensive activities in Canada is forecasted to show a steady increase from 2024 through 2028, starting at 160.23 billion CAD in 2024 and reaching 170.92 billion CAD in 2028. Compared to 2023 figures, this indicates consistent year-on-year growth, with the forecasted annual growth rate averaging around 1.65% over the five-year period.

Future trends to watch for include:

Potential shifts in government policy impacting R&D funding and incentives
Technological advancements driving innovation and increased productivity
Global economic factors influencing investment and resource allocation in R&D
Cross-industry collaborations potentially accelerating growth in high-R&D sectors