Higher education expenditure on R&D in Mexico was $3.92 billion in 2023. Forecasted expenditures from 2024 to 2028 show a steady increase from $3.98 billion in 2024 to $4.23 billion in 2028. Year-on-year percentage variations show moderate growth of approximately 1.5% to 1.6% annually. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected to be around 1.52%.
Future trends to watch for include potential impacts of economic policy changes, international collaborations, and technological advancements, which may further influence R&D expenditure levels. Monitoring government funding initiatives and private sector investment will also be critical.