Forecast: R&D Expenditure in Mexico

The R&D expenditure in Mexico, as a percentage of GDP, has shown a downward trend from 2013 to 2023. In 2013, the expenditure was 0.43% of GDP, which declined progressively, reaching 0.28% in 2023. Year-on-year variations reveal substantial declines, particularly between 2016 and 2019, averaging around -7.83%. The five-year CAGR from 2018 to 2023 is -1.57%, indicating a steady decrease. Moving forward, the R&D expenditure is forecasted to plateau around 0.27-0.28% of GDP, with the five-year forecasted CAGR of -0.45% signaling a minimal decline.

Future trends to watch for:

• Government funding policies which could impact the trajectory of R&D expenditure.
• Economic conditions and their influence on private and public sector investment in R&D.
• Technological advancements and their potential to drive increased R&D investment.