The forecasted Gross Domestic Expenditure on R&D in Mexico for the years 2024 to 2028 shows a consistent decline from $6.26 billion in 2024 to $5.26 billion PPP by 2028. In 2023, the actual expenditure stood at $6.5 billion PPP, reflecting a downward trend moving forward. The year-on-year percentage variations indicate a shrinking expenditure: 2024 (-3.69%), 2025 (-4.15%), 2026 (-4.17%), 2027 (-4.35%), and 2028 (-4.36%). The average Compound Annual Growth Rate (CAGR) over the five-year forecast period is -4.15%, showcasing a steady decline in R&D spending.
Looking ahead, some key trends to monitor include shifts in government policy regarding R&D investment, the emergence of new technological sectors, and the private sector's role in bolstering innovation. Additionally, changes in global economic conditions and trade agreements could significantly impact Mexico's R&D expenditure trajectory.
