Mexico - Business Enterprise Expenditure on R&D Performed in Total Manufacturing
Since 2014, Mexico Business Enterprise Expenditure on R&D Performed in Total Manufacturing increased 1.2% year on year. In 2019, the country was number 27 among other countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing at $1,085,444,464.13 Million PPP. Mexico is overtaken by Norway, which was ranked number 26 with $1,100,875,120.98 Million PPP and is followed by Portugal at $940,017,591.23 Million PPP. China lead the ranking with $299,237,430,089.54 Million PPP in 2019, that is a growth of 3.9% compared to 2018. United States, Japan and Germany respectively ranked number 2, 3 and 4 in this ranking. Iceland witnessed the best average annual growth at +15.4% per year, while Finland was the worst growing country at -3.9% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 1,085,444,464.13 |
| 2018 | 1,094,302,872.80 |
| 2017 | 1,121,117,141.14 |
| 2016 | 1,261,956,208.85 |
| 2015 | 1,103,456,812.49 |
How does Mexico rank in Business Enterprise Expenditure on R&D Performed in Total Manufacturing?
| # | 38 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
299,237,430,089.54 | 2019 | +3.9 % | +4.8 % | View data | |
| 2 |
#2
United States
|
269,195,268,842.01 | 2019 | +2.4 % | +3.0 % | View data | |
| 26 |
#26
Norway
|
1,100,875,120.98 | 2019 | +2.0 % | +2.2 % | View data | |
| 27 |
#27
Mexico
|
1,085,444,464.13 | 2019 | -0.8 % | +1.2 % | View data | |
| 28 |
#28
Portugal
|
940,017,591.23 | 2019 | +3.2 % | +4.8 % | View data | |