In 2023, Canada's total intramural expenditure on R&D in all fields was 31.17 billion USD PPP 2015. Forecasts indicate a steady annual growth, with values reaching 32.06 billion USD PPP 2015 by 2028. The year-on-year variation from 2024 to 2028 remains modest, ranging between 0.73% and 0.77%. The CAGR for this period is approximately 0.70%.
Future trends to watch for include:
- Potential policy shifts or economic factors that could alter funding levels.
- Emerging technologies that may require increased investment.
- Global competition influencing R&D strategies and priorities.
