As of 2023, the actual number of total business enterprise R&D personnel in Canada was not explicitly provided. However, based on the forecast data from 2024 to 2028, there is a steady increase in personnel, starting from 176.81 thousand in 2024 to 183.77 thousand by 2028. This suggests a gradual growth in the sector.
Year-on-year, the increases are projected as follows: 1.00% from 2024 to 2025, 0.98% from 2025 to 2026, 0.96% from 2026 to 2027, and 0.94% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is estimated at 0.97%.
Future trends to watch for include the impact of technological advancements and governmental policies that could either accelerate or deter this growth. Additionally, globalization and international collaborations might influence future R&D personnel demand, especially in industries reliant on cutting-edge research and innovation.
