The forecasted decline in Canada’s gross domestic expenditure on R&D from $28.28 billion USD PPP in 2024 to $26.26 billion by 2028 suggests a yearly decreasing trend. This represents a consistent annual decrease peaking at 1.79% in 2025 and tapering to a 1.87% decline by 2028. The five-year compound annual growth rate (CAGR) underlines a negative growth rate, indicative of reduced investments over time. As of 2023, actual data reflect a pre-decline high, emphasizing a marked shift in funding strategy.
Future Trends to Watch For:
- Government policy changes influencing R&D incentives.
- Private sector's role in mitigating investment declines.
- Technological advancements potentially reigniting R&D interest.
