The Scientific Research and Development Gross Value Added (GVA) in Mexico has shown a steady upward trend over the past decade. Starting at 23.25 billion pesos in 2013, it reached 33.95 billion pesos in 2023. Noticeable declines were only apparent in 2018. The CAGR from 2018 to 2023 was substantial at 6.93%, underscoring strong growth in recent years. Post-2024, forecasted data suggests a continuing upward trajectory, albeit at a slower CAGR of 1.73% over the next five years.
Future trends to watch for include potential fluctuations due to economic conditions, governmental policy changes towards innovation and research funding, as well as the impact of global technological advances. Monitoring these factors will be crucial for understanding and adapting to the evolving landscape of scientific research and development in Mexico.
