The population of self-employed individuals in Canada's Scientific Research and Development sector has experienced a mostly downward trend from 2013 to 2023. In 2023, the number stood at 1.79 thousand units, indicating a continuous decline. The sector saw significant fluctuations, with a notable drop in 2020 by 15.35%, influenced largely by the pandemic. Although there was a slight rebound in 2021, the trend returned to a declining state.
The year-on-year percentage change over the last two years from 2021 to 2023 averaged around -2.66%. Over the last five years, this metric saw a compound annual growth rate (CAGR) of -2.95%, highlighting the persistent reduction in self-employment within this sector.
Future trends to watch for:
- **Technological Advancements:** Shifts in technology could alter the professional landscape, potentially reducing or increasing the need for self-employed researchers.- **Economic Factors:** Economic stability and funding opportunities will heavily influence entrepreneurial ventures in scientific research.- **Policy Changes:** Government policies, grants, and support for research initiatives could alter the trends in self-employment in this sector.
