The analysis of higher education expenditure on R&D in Canada from 2024 to 2028 reveals a downward trend, with values projected to decrease from $10.95 billion in 2024 to $10.41 billion in 2028, both expressed in 2015 US Dollars PPP. In 2023, the actual figure was slightly higher, indicating a consistent decline. Over the five-year forecast period, the compound annual growth rate (CAGR) is negative, reflecting an average annual decrease. Trends over the last two years suggest a continuous contraction in R&D funding from 2024 onwards.

Future trends to watch: