In 2023, Canada's Higher Education Expenditure on R&D was positioned at 13.35 thousand US dollars PPP. The forecasted data indicates a consistent upward trend, with expenditures expected to rise year-on-year by 1.84% in 2024, 1.84% in 2025, 1.81% in 2026, 1.7% in 2027, and 1.67% in 2028. The average annual growth rate (CAGR) over the next five years is projected to be approximately 1.77%.
Future trends to watch for include potential adjustments based on governmental policy changes, technological advancements, and shifts in international educational collaborations. Monitoring these factors will be crucial in predicting future R&D expenditure accurately.