The forecasted total gross domestic expenditure on research and development in Canada shows a steady increase from 36.72 thousand persons in 2024 to 38.3 thousand in 2028, reflecting a consistent upward trend. This forecast indicates an average year-on-year increase of approximately 0.4% from 2024 to 2028. In 2023, the actual number was slightly lower, demonstrating growth over coming years.
Future trends to watch for include potential impacts from shifts in government policy, changes in global economic conditions, and advancements in technology sectors that might influence R&D investments. Monitoring these factors will be crucial for evaluating the sustainability of this growth trend.
