In 2023, Canada's government expenditure on R&D in Social Sciences, Humanities, and the Arts stood at approximately 232 million USD PPP. The forecasted data for 2024 indicates a value of 234.22 million USD PPP, showing a moderate year-on-year increase. Subsequent years show a consistent growth with slight increments, leading to a CAGR of about 0.7% over the five-year period ending in 2028. The careful but steady rise indicates a sustained commitment to these areas despite economic fluctuations.
Future trends to watch for include:
- Potential impacts of policy changes on R&D funding levels.
- Impact of technological advancements on research methodologies in these fields.
- Shifts in global economic conditions influencing government budgets for R&D.
