In 2024, Canada's government expenditure on R&D is forecasted to be 0.081% of GDP, reflecting a trend of gradual decline reaching 0.061% by 2028. This represents a year-on-year decline of approximately 6.17% from 2024 to 2028.
For future trends, key factors to watch include:
- Government policy shifts towards innovation and technology.
- Economic conditions affecting budget allocations.
- Global competitiveness in R&D investment.
