Based on the data provided, the forecast for higher education expenditure on R&D in all fields in Mexico is showing a steady increase. The expenditure in 2023 stood at 3.79 billion US Dollars PPP. From 2024 to 2028, the values are projected to rise from 3.87 to 4.21 billion US Dollars PPP, representing a consistent year-on-year growth. Between 2023 and 2024, the year-on-year variation is approximately 2.1%. Similarly, from 2024 to 2025, the increase is around 2.3%, from 2025 to 2026 around 2.0%, from 2026 to 2027 around 2.0%, and from 2027 to 2028 around 2.2%. Analyzing over the last five years, the Compound Annual Growth Rate (CAGR) averages approximately 2.1% annually.
Future trends to watch for include the impact of new government initiatives to boost R&D funding and potential international collaborations that could further enhance research opportunities and educational advancements. Monitoring shifts in national policies, technology advancements, and economic conditions will be crucial in understanding and predicting further changes in R&D expenditure.