In 2023, Canada’s intramural expenditure on R&D in natural sciences and engineering was approximately $27.76 billion USD PPP. In 2024, expenditure is projected to increase to $27.94 billion, representing a growth of approximately 0.6% year-on-year. By 2028, the forecasted spending will reach $28.65 billion, marking a modest average annual growth rate (CAGR) of about 0.8% over the five-year period. Future trends include:
- Potential impacts of global economic conditions on R&D funding.
- The influence of governmental policies on science and technology investment.
- Technological innovations driving expenditure priorities.
