Mexico - Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Mexico Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors jumped by 58.7% year on year. In 2019, the country was ranked number 17 among other countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors with $20.01 Million PPP. Mexico is overtaken by Spain, which was ranked number 16 with $25.69 Million PPP and is followed by Austria with $12.77 Million PPP. United States topped the ranking with $695 Million PPP in 2019, a growth of 4.4% versus 2018. United Kingdom, Canada and Germany respectively ranked number 2, 3 and 4 in this ranking. Mexico witnessed the best average annual growth at +58.7% per year, while Russia was the worst growing country at -23.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 20.01 |
| 2018 | 18.95 |
| 2017 | 17.15 |
| 2016 | 17.16 |
| 2015 | 11.70 |
How does Mexico rank in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors?
| # | 44 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
695.00 | 2019 | +4.3 % | +5.8 % | View data | |
| 2 |
#2
United Kingdom
|
403.54 | 2019 | +12.6 % | +15.7 % | View data | |
| 16 |
#16
Spain
|
25.69 | 2019 | +8.7 % | +7.1 % | View data | |
| 17 |
#17
Mexico
|
20.01 | 2019 | +5.6 % | +58.7 % | View data | |
| 18 |
#18
Austria
|
12.77 | 2019 | +5.6 % | NA | View data | |