In 2023, private non-profit expenditure on R&D in social sciences, humanities, and the arts in Canada stood at 27.7 million USD PPP. The forecasted data from 2024 to 2028 shows a steady year-on-year increase: 1.6% growth in 2025, 1.6% in 2026, 1.5% in 2027, and 1.5% in 2028. The Compound Annual Growth Rate (CAGR) over this 5-year period is projected at 1.6%, indicating consistent investment growth in these areas.
Future trends to watch for include:
- Potential shifts in funding priorities influenced by emerging societal challenges and cultural trends.
- Increased emphasis on interdisciplinary research, integrating social sciences, and humanities with technology and data science.
- The impact of government policy changes and economic conditions on private non-profit funding capacities.
