The value added from medium-high R&D intensive activities in Canada saw an increase from 2023 to 2024, reaching 139.59 billion CAD. Forecasted data suggest a steady upward trend, with annual growth rates showing stable increments: approximately 1.83% in 2025, 1.76% in 2026, 1.69% in 2027, and 1.63% in 2028. Over this period, a compound annual growth rate (CAGR) of around 1.73% is anticipated, reflecting consistent growth in this sector.
Potential trends to watch for include:
- Technological advancements and innovations driving efficiency.
- Impact of government policies and incentives for R&D investment.
- The role of global economic conditions on R&D funding and priorities.
- Emerging industries and shifts in industrial priorities within Canada.
