The production volumes of scientific R&D in Mexico have shown a general upward trend from 2013 to 2023, reaching 32.41 billion Mexican Pesos in 2023. Despite a few notable fluctuations, such as a drop in 2017 and a decline in 2020, the trajectory has generally been positive. The year-on-year variation over the last two years (2022-2023) was relatively stable at 0.19%, indicating moderate growth. The compound annual growth rate (CAGR) over the last five years was 0.14%.
Looking towards the future, the forecast from 2024 to 2028 suggests continued modest growth in production volumes, with a forecasted 5-year CAGR of 0.15% and an overall growth rate of 0.77% by 2028. Future trends to watch for include potential impacts from governmental policies on R&D investment, international collaborations, and advancements in technology which could drive further growth and innovation in the sector.
