The business enterprise expenditure on R&D in natural sciences in Canada is projected to decline from $1.59 billion in 2024 to $1.55 billion by 2028. This trend reflects a consistent year-on-year decrease of approximately 0.63%. In 2023, the expenditure was recorded at $1.60 billion, indicating a modest downward trajectory over the forecast period. The compound annual growth rate (CAGR) over the 2024-2028 forecast period is calculated to capture this gradual decline.
Future trends to watch for include potential policy changes that could incentivize increased R&D investment, technological advancements that may alter cost structures, and global economic conditions impacting enterprise R&D budgets in natural sciences.
