Mexico - Higher Education Expenditure on R&D Financed by Industry
Since 2014, Mexico Higher Education Expenditure on R&D Financed by Industry was down by 1.7% year on year. At $10.04 Million PPP in 2019, the country was number 37 among other countries in Higher Education Expenditure on R&D Financed by Industry. Mexico is overtaken by Estonia, which was number 36 at $14.47 Million PPP and is followed by Latvia with $7.74 Million PPP. China lead the ranking with $11,182.38 Million PPP in 2019, that is an increase of 2.5% compared to 2018. United States, Germany and Russia respectively ranked number 2, 3 and 4 in this ranking. Italy witnessed the best average annual growth at +34% per year, while Iceland was the worst growing country at -32.5% 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 |
Download all data from 1991 to 2019
How does Mexico rank in Higher Education Expenditure on R&D Financed by Industry?
| # | 42 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
11,182.38 | 2019 | +2.5 % | +5.3 % | View data | |
| 2 |
#2
United States
|
4,090.76 | 2019 | +1.1 % | +5.1 % | View data | |
| 36 |
#36
Estonia
|
14.47 | 2019 | +3.8 % | +6.5 % | View data | |
| 37 |
#37
Mexico
|
10.04 | 2019 | -29.1 % | -1.7 % | View data | |
| 38 |
#38
Latvia
|
7.74 | 2019 | +0.3 % | -3.9 % | View data | |