Forecast: Wages and Salaries in Medium-High (2-Digit Definition) R&D Intensive Activities in Canada

The forecast for wages and salaries in medium-high R&D intensive activities in Canada shows a progressive increase from 2024 to 2028. In 2023, the value was approximately 77.47 billion Canadian dollars. From 2024 onwards, the values rise cumulatively, leading to an overall upward trend. The year-on-year percentage variation indicates modest growth, with averages around 2-3%. Over the five-year period, the compound annual growth rate (CAGR) is approximately 2.0%.

Future trends to watch for include:

  • Continued impact of technological advancements on wage dynamics.
  • Influence of policy changes or governmental support for R&D activities.
  • Changes in global economic conditions that might affect investment in R&D sectors.

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