In 2023, Canada's Gross Domestic Expenditure on R&D stood at an undisclosed value, with a forecasted growth reaching $40.25 billion by 2028. Year-on-year variations reveal a steady increase: 2024 to 2025 by 2.24%, 2025 to 2026 by 2.19%, 2026 to 2027 by 2.13%, and 2027 to 2028 by 2.03%. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.15%.
Future trends to watch include shifts in governmental and private sector R&D funding, emerging technology sectors gaining focus, and potential impacts of global economic fluctuations on R&D investment strategies.
