Mexico - Higher Education Expenditure on R&D Financed by the Business Enterprise Sector
Since 2014, Mexico Higher Education Expenditure on R&D Financed by the Business Enterprise Sector decreased by 1.7% year on year. With $10.04 Million PPP in 2019, the country was number 43 comparing other countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector. Mexico is overtaken by Bulgaria, which was ranked number 42 at $14.72 Million PPP and is followed by Kazakhstan with $9.15 Million PPP. China topped the ranking with $9,388.03 Million PPP in 2019, that is an increase of 1.9% compared to 2018. United States, Germany and Russia respectively ranked number 2, 3 and 4 in this ranking. Italy recorded the best 5 years average growth at +38.6% per year, while Croatia witnessed the worst performance at -35.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 10.04 |
| 2018 | 14.16 |
| 2017 | 14.62 |
| 2016 | 16.43 |
| 2015 | 15.63 |
How does Mexico rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 54 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
9,388.03 | 2019 | +1.9 % | +3.1 % | View data | |
| 2 |
#2
United States
|
4,090.77 | 2019 | +1.1 % | +5.1 % | View data | |
| 42 |
#42
Bulgaria
|
14.72 | 2019 | +2.5 % | +3.0 % | View data | |
| 43 |
#43
Mexico
|
10.04 | 2019 | -29.1 % | -1.7 % | View data | |
| 44 |
#44
Kazakhstan
|
9.15 | 2019 | -27.8 % | +1.2 % | View data | |