The forecast for the number of employees in high R&D intensive activities in Canada shows a declining trend from 2024 to 2028. In 2024, the employment stands at 137.64 thousand, decreasing each year until reaching 134.07 thousand by 2028. This indicates a steady annual decline.
- From 2024 to 2025: -0.67%
- From 2025 to 2026: -0.66%
- From 2026 to 2027: -0.65%
- From 2027 to 2028: -0.64%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests an average year-on-year decline of about -0.65%.
In the future, it will be crucial to watch any impacts from technological advancements, shifts in government policy concerning R&D funding, and job automation, which may alter demand for R&D employees and potentially mitigate or compound these declining numbers.
