As of 2024, Canada's total intramural expenditure on R&D in social sciences, humanities, and the arts is projected to follow a growth trend from 4.81 billion CAD in 2024 to 5.34 billion CAD by 2028. In 2023, the expenditure was approximately 4.67 billion CAD. Year-on-year growth is expected to be consistent, averaging around 3% to 3.2% per annum, with a compound annual growth rate (CAGR) of approximately 2.7% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in government policy that may affect funding levels and allocations.
- The impact of emerging interdisciplinary research projects integrating social sciences, humanities, and arts with tech fields.
- Economic factors affecting institutional and private funding capacities for R&D activities in Canada.