In 2023, Higher Education Expenditure on R&D financed by industry in Canada stood at 1.04 billion USD PPP. For the forecasted years, the expenditure is expected to escalate from 1.06 billion in 2024 to 1.14 billion USD PPP by 2028. Examining year-on-year variation, 2024 shows a 1.9% increase from 2023, 2025 reflects a 1.9% rise from 2024, 2026 presents a 1.85% upsurge from 2025, 2027 has a 1.82% increment from 2026, and 2028 shows a 1.79% growth from 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.85%.
Future trends to watch for include potential changes in industry funding priorities, the impact of technological advancements, and shifts in policy that may influence R&D investment levels. Monitoring these factors will be crucial to accurately projecting the higher education sector's R&D financing landscape in Canada over the coming years.
