Forecast: R&D Budget for Health and Society in Mexico

In recent years, the R&D budget for Health and Society in Mexico, measured as a percentage of GDP, has experienced a noticeable decline. Starting at 0.028% in 2013, this figure dropped progressively to 0.019% by 2023. The most significant dip occurred between 2017 and 2019, reflecting decreasing support for R&D relative to GDP. The year-on-year variation shows sporadic changes, with a remarkable decline in 2017 and subsequent minor fluctuations. The compound annual growth rate (CAGR) over the past five years indicates a general downward trend, albeit with a slight positive shift in 2023. From 2024 onward, forecasts suggest a stabilization around 0.021%, indicating potential recovery albeit at a subdued rate with a forecasted 5-year CAGR of 0.44%.

Looking forward, key trends to watch include the impact of policy shifts and governmental prioritization of health R&D, responses to global health challenges, and economic factors affecting GDP share allocation. Monitoring these will be critical in understanding future budget trajectories and associated societal impacts.

Top Countries about Gene Therapy