In 2023, Business Enterprise R&D Expenditure in Manufacturing in Canada was last recorded at a level that is now forecasted to decrease annually starting from 2024. The data predicts a downward trend through 2028, with expenditures diminishing from $4.8 billion to $4.46 billion in USD PPP. Year-on-year, the decline from 2024 to 2025 is approximately 1.67%, while the average annual decrease over the five-year period, represented as the compound annual growth rate (CAGR), is roughly -1.81%.
Future trends to watch for include shifts in governmental policy impacting R&D spending, potential innovation drives in sectors like clean technology and digitization, and economic conditions influencing manufacturing outputs. Monitoring these factors will be pivotal in anticipating any possible changes to this declining trend.
