The forecast of private non-profit expenditure on R&D in social sciences, humanities, and the arts in Canada indicates a steady increase from 2024 through 2028, with values escalating from 26.12 million USD PPP to 27.63 million USD PPP. In 2023, this expenditure stood at 25.75 million USD PPP. The yearly growth rates are modest, suggesting a continuous yet moderate upward trajectory, with annual variations hovering between 1.46% and 1.39%. The compounded annual growth rate (CAGR) over this five-year period is approximately 1.43%.
Future trends to watch include shifts in government R&D policy, potential changes in private sector priorities, and technological advancements. These factors could influence the direction and magnitude of expenditure in these sectors.
