The forecasted business enterprise expenditure on R&D in high and medium-high R&D intensive industries in Canada shows a decline from 2024 to 2028. In 2023, the actual expenditure stood at 2587.7 trillion USD PPP, Constant. Year-on-year analysis from 2024 to 2025 shows a decrease of approximately 6.38%, and continues to decline by similar margins through 2028. The compound annual growth rate (CAGR) over the five-year period (2024-2028) indicates a negative growth trend.
Future trends to watch for include the potential impact of economic conditions on R&D investment, shifts in government policy or incentives for innovation, and technological advancements that could drive resurgence in R&D investments in key industries.
