In 2023, Canada's government budget allocation for R&D was 0.57% of GDP. Looking forward to the forecasted period of 2024 to 2028, this percentage remains constant at 0.57%, indicating no variation or growth over the five years. This stability suggests a stagnant trend with neither increases nor declines in investment relative to GDP.
Future trends to watch for include the potential policy shifts that could influence R&D priorities, economic impacts on funding capacities, and potential shifts in global technological landscapes that may necessitate changes in R&D investment strategies.
