The business-financed gross domestic expenditure on R&D in Mexico has shown a consistent declining trend over the past decade, dropping from 0.087 units of GDP in 2013 to 0.036 in 2023. The year-on-year variations indicate predominantly negative growth, with a notable decline in 2023 at 11.01%. The 5-year CAGR ending in 2023 is -9.38%, reflecting a steady reduction in R&D expenditure.
Forecasts indicate a continued decrease in expenditure, with a projected value of 0.013 units of GDP by 2028. The 5-year CAGR from 2024 to 2028 is expected to be -16.37%, resulting in a total reduction of approximately 59.08% over the period.
Future Trends to Watch For:
- Government policy interventions to encourage R&D investment
- Shifts in private sector priorities toward innovation
- Global trends in R&D expenditure and their impact on local investments
- The effect of economic changes on corporate investment capabilities
