In 2023, Canada's government-financed gross domestic expenditure on R&D stood at 0.49% of GDP. The forecast indicates a gradual decline from 0.48% in 2024 to 0.45% by 2028. Year-on-year changes show slight decreases, averaging a compound annual growth rate (CAGR) of approximately -1.67% over these five years.
Future trends to watch for include:
- The impact of economic policies on R&D funding allocations.
- The role of emerging industries in attracting government R&D support.
- Global competitive pressures potentially influencing government investment strategies.
