Government expenditure on R&D in Canada, as a percentage of Total GERD, is projected to decline steadily from 6.56% in 2024 to 5.81% in 2028. This reflects an approximate annual decrease of around 3% to 4% over this forecast period. The data indicates sustained downward momentum, possibly due to changing priorities or budget constraints. The most significant drop is observed between 2024 and 2025, following a subtle, yet consistent, decreasing trend across subsequent years until 2028.

Future trends to watch for:

Potential shifts in governmental policy or funding priorities impacting R&D investment.
Economic factors that could influence budgetary allocations to R&D.
Emerging technological sectors that might attract increased R&D funding.