Forecast: Higher Education Expenditure on R&D Financed by Government in Mexico

Higher Education Expenditure on R&D financed by the government in Mexico is forecasted to see a stable trend from 2024 to 2026, maintaining a value of 0.15% of GDP annually. A slight increase is projected for 2027 and 2028, with values reaching 0.16% of GDP. This indicates a year-on-year growth of approximately 6.67% for each of the final two years shown. Given that we are in 2024, it is essential to highlight that 0.15% of GDP remains consistent with the previous trends observed in earlier years.

The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) suggests an average annual growth rate of about 2.6%. This conservative increase reflects a cautious but positive trend in the government's commitment to higher education R&D funding.

Future trends to watch for include:

  • Government policy changes and their impact on R&D financing.
  • Economic conditions and GDP growth fluctuations.
  • Shifts in global R&D investments and their influence on domestic decisions.
  • Technological advancements and innovation requirements in higher education.

Top Countries about Higher Education