The R&D budget for Health and Medical Sciences in Mexico, as a percentage of GDP, has consistently decreased from 0.017 in 2013 to 0.014 in 2023. Significant declines occurred over the last decade, particularly in 2017. The year-on-year variation from 2022 to 2023 showed a slight decline of -0.95%. The Compound Annual Growth Rate (CAGR) over the past five years is -0.7%, indicating a steady decrease in budget allocation. Forecasts from 2024 to 2028 predict a continued annual decline at an average rate of -0.82%, with a total reduction of -4.01% over the five years.
Future trends to watch for:
- Monitoring government policy changes which could influence budget allocations.
- Evaluating the impact of economic conditions on R&D investments.
- Tracking international collaborations and funding in health and medical sciences.
