The production of Scientific R&D in Mexico has shown a steady growth pattern from 2013 to 2023, with the value reaching 39.57 billion Mexican Pesos in 2023. Past data indicate variations in year-on-year growth, notably: - 2013: -30.74% - 2014: 16.84% - 2015: 12.74% - 2016: 7.14% - 2017: 3.47% - 2018: 3.85% - 2019: 2.08% - 2020: -2.56% - 2021: 7.84% - 2022: 2.34% - 2023: 2.24%
Recent trends indicate an average annual compound growth rate (CAGR) over the past five years of approximately 2.33%. Forecasts suggest continued growth, projecting a 5-year CAGR of 1.71%, with an overall growth rate of 8.84% by 2028.
Future trends to watch for include increased investments in R&D infrastructure, policy changes aimed at boosting scientific research, and potential fluctuations due to economic shifts and global scientific advancements. These factors could significantly influence the growth trajectory in the coming years.
