Mexico - Government Budget Allocations for R&D in Education
Since 2014, Mexico Government Budget Allocations for R&D in Education was down by 5.5% year on year. In 2019, the country was ranked number 9 comparing other countries in Government Budget Allocations for R&D in Education with $5,403.62 Million PPP. Mexico is overtaken by South Korea, which was number 8 at $7,295.96 Million PPP and is followed by Australia with $5,180.57 Million PPP. United States lead the ranking with $147,945 Million PPP in 2019, that is an increase of 2.4% compared to 2018. Germany, Japan and Russia respectively ranked number 2, 3 and 4 in this ranking. Sweden recorded the best 5 years average growth at +267.6% per year, while Finland was the worst growing country at -75% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 5,403.62 |
| 2018 | 5,596.38 |
| 2017 | 5,696.74 |
| 2016 | 6,597.93 |
| 2015 | 7,093.75 |
How does Mexico rank in Government Budget Allocations for R&D in Education?
| # | 38 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
147,945.00 | 2019 | +2.4 % | +5.6 % | View data | |
| 2 |
#2
Germany
|
45,204.87 | 2019 | +6.3 % | +6.4 % | View data | |
| 8 |
#8
South Korea
|
7,295.96 | 2019 | +472.6 % | +46.4 % | View data | |
| 9 |
#9
Mexico
|
5,403.62 | 2019 | -3.4 % | -5.5 % | View data | |
| 10 |
#10
Australia
|
5,180.57 | 2019 | +2.4 % | +244.2 % | View data | |