In 2023, Public Spending on Tertiary Education in Mexico reached a value of $58 billion. The forecasted data shows a consistent decline in spending from 2024 to 2028. In 2024, the spending is expected to be at $56.03 billion, and it will decrease annually to reach $52.64 billion by 2028. The year-on-year percentage variation shows a gradual reduction, with an average annual decrease of roughly 1.5% over the period. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is estimated to be negative, close to -1.5%.
Future trends to watch include potential shifts in government policies, economic factors influencing budget allocations, and demographic changes impacting the demand for tertiary education. Monitoring these factors will be crucial for understanding long-term trends in education spending in Mexico.
