Between 2013 and 2019, Mexico's Gross Domestic Expenditure on R&D as a percentage of GDP exhibited a downward trend, decreasing from 0.43% in 2013 to 0.28% in 2019. This trend was marked by noticeable year-on-year declines, particularly in 2016 (-9.7%), 2017 (-15.33%), and 2019 (-7.54%). The period from 2020 to 2023 saw a relatively stable trajectory, with R&D expenditure stabilizing around 0.29% of GDP in 2023.
From 2024 onward, the forecast indicates a continued stabilization around 0.28% to 0.29% of GDP through 2028, suggesting a period of negligible change. The forecasted 5-year CAGR from 2024 to 2028 shows a slow decline at an average annual rate of -0.36%, conforming to a forecasted 5-year growth rate of -1.78% in expenditure levels.
Future trends to watch for include potential policy changes aimed at boosting R&D investment, international collaborations, and the influence of new industries adopting advanced technologies, which could alter R&D expenditure patterns in Mexico.
