Forecast: R&D Budget for Security in Mexico

The R&D budget for security in Mexico, expressed as a unit of GDP, shows significant fluctuations over the past decade. From 2013 to 2018, there was a notable decline, culminating in the lowest point in 2018. This was followed by a brief recovery in 2019 and 2020, before stabilizing from 2022 onwards at a value of 0.00037 units of GDP, where it stood in 2023. The year-on-year variations indicate times of both sharp declines and modest increases, with a slight stabilization in recent years. The last five years (2024-2028) forecast predicts an average CAGR of virtually 0%, indicating stability. For 2024, the projected value remains stable at 0.00037.

Trends to watch for in the future include:

- Technological advancements may spur renewed investment in security R&D.

- Changes in government policy or security threats could impact budget allocations significantly.

- Increased international collaboration could influence the R&D budget dynamics.