The Canadian private non-profit expenditure on R&D in natural sciences has shown a forecasted steady increase from 2024 to 2028, starting at 45.23 million USD PPP in 2024 and reaching 49.16 million USD PPP by 2028. In 2023, the expenditure stood at 43.97 million USD PPP. This indicates a consistent growth trajectory, with an average annual increase of about 1 million USD PPP. Year-on-year percentage changes are approximately: 2024-2025 by 2.94%, 2025-2026 by 2.3%, 2026-2027 by 1.79%, and 2027-2028 by 1.4%. The projected compound annual growth rate over the five-year period is around 2.24%.
Future trends to watch include increased collaboration between non-profit organizations and academic institutions, a greater emphasis on sustainable and green technologies, and potential fluctuations due to economic factors affecting funding sources. Enhancements in policy frameworks supporting R&D activities and innovations in digitalization could further accelerate investments in this sector.
