Forecast: Private Non-Profit Expenditure on R&D in Social Sciences, Humanities, and the Arts in Canada

In 2023, private non-profit expenditure on R&D in social sciences, humanities, and the arts in Canada was 34 million CAD. For the forecasted period from 2024 to 2028, the expenditure is expected to rise steadily from 35 million CAD to 37 million CAD. This represents a year-on-year increase of approximately 2.86% in 2026 and 2.78% in 2028, with a Compound Annual Growth Rate (CAGR) of about 1.71% over the five-year period, indicating moderate growth in this sector.

Future trends to watch for include:

  • Potential policy shifts impacting funding for humanities and arts.
  • Technological advancements influencing research methodologies.
  • Increased collaboration across disciplines spurring investment in innovative R&D projects.

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