Forecast: R&D Capital Costs in Mexico

The forecast for R&D capital costs in Mexico shows a consistent decline over the coming years. In 2023, the R&D capital costs stood at $688.35 million. Moving forward, the projected values from 2024 through 2028 indicate a year-on-year decrease: 2024 at $641.78 million, 2025 at $593.84 million, 2026 at $546.86 million, 2027 at $500.82 million, and 2028 at $455.71 million.

Key trends and variations from 2023 to 2028 as a percent change year-on-year reveal:

- 2024: -6.77%

- 2025: -7.47%

- 2026: -7.92%

- 2027: -8.42%

- 2028: -9.00%

The compounded annual growth rate (CAGR) from 2023 to 2028 demonstrates an average annual decline of approximately -7.72%.

Future trends to watch for include potential shifts in government policy, international trade agreements, and economic conditions that could either mitigate or exacerbate the downward trend in R&D investments. Attention should also be given to technological advancements and their potential to alter the landscape of R&D activities in Mexico.