The forecast for Business Enterprise Expenditure on R&D in Canada shows a declining trend from 2024 to 2028, decreasing from 1.2% to 1.13% of Industry Value Added. This consistent decrease suggests a potential stagnation in R&D investment relative to industry growth. Year-on-year percentage variation indicates a steady decline, reflecting gradual reduction tendencies. The CAGR over the five-year period further underscores the average annual shrinkage in R&D expenditure relative to industry value.
Future trends to watch for include:
- Government policy changes impacting R&D incentives.
- Technological advancements necessitating increased R&D funding.
- Global economic influences affecting industry-specific R&D allocations.
