The analysis of Scientific Research and Development Output in Mexico reveals substantial growth over the past decade with notable fluctuations. Between 2013 and 2018, there were periods of decline, most prominently in 2018 with an 8.71% year-on-year decrease. However, from 2019 onwards, the sector regained momentum, achieving a significant 42.92 Billion MXN in 2021 and a remarkable 48.77 Billion MXN in 2022. In 2023, the output reached 54.07 Billion MXN, reflecting a 10.88% growth from the previous year. The five-year CAGR leading to 2023 stood at 10.24%.
Future trends suggest a positive trajectory for this sector, with projections indicating continued robust growth at a forecasted 5-year CAGR of 5.44%, reaching 77.22 Billion MXN by 2028. Key trends to watch include increased governmental and private investment, technological advancements, and international collaborations which will likely drive further growth and innovation in Mexico's scientific research and development landscape.
