As of 2024, Canada's R&D expenditure as a percentage of GDP is forecasted to maintain a steady rate of 1.76% through 2028. This represents a stable outlook with no appreciable change year-on-year, reflecting no variation in percentage over the last two years. The Compound Annual Growth Rate (CAGR) over the last five years also stands at 0%, indicating long-term stability in R&D investments relative to GDP.
Future trends to watch for include potential policy changes that could incentivize increased R&D spending, technological advancements that might drive new investment needs, and global economic conditions that could impact Canada's R&D expenditure either positively or negatively.
