In 2023, the Higher Education Expenditure on R&D in all fields in Mexico stood at 37.27 billion Mexican Pesos. The forecasted values for the subsequent years indicate a steady increase, with figures reaching 37.83 billion in 2024, 38.44 billion in 2025, 39.04 billion in 2026, 39.63 billion in 2027, and 40.22 billion in 2028.
The year-on-year variations are as follows:
- 2024: 1.5%
- 2025: 1.61%
- 2026: 1.56%
- 2027: 1.51%
- 2028: 1.5%
The compound annual growth rate (CAGR) over the five-year forecasted period is approximately 1.55% per year, reflecting a consistent but modest growth in R&D expenditure within higher education in Mexico.
Future trends to watch for include rising investment in digital and technological advancements, which could potentially spur greater increases in R&D spending. Monitoring government policies and international collaborations will also be essential in understanding how these factors may influence future spending trends.
