Mexico - Higher Education Expenditure on R&D Financed by the Business Sector
Since 2014, Mexico Higher Education Expenditure on R&D Financed by the Business Sector decreased by 18.1points year on year. In 2019, the country was ranked number 43 among other countries in Higher Education Expenditure on R&D Financed by the Business Sector at 0.09 Percent. Mexico is overtaken by Argentina, which was ranked number 42 with 0.24 Percent and is followed by Iceland at 0.03 Percent. Russia lead the ranking with 28.95 Percent in 2019, a decrease of 0.4points compared to 2018. China, South Korea and Germany respectively ranked number 2, 3 and 4 in this ranking. Italy witnessed the best average annual growth at +36.8points per year, while Iceland witnessed the worst performance at -62points per year.
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| Date | Percent |
|---|---|
| 2019 | 0.09 |
| 2018 | 0.35 |
| 2017 | 0.36 |
| 2016 | 0.35 |
| 2015 | 0.32 |
How does Mexico rank in Higher Education Expenditure on R&D Financed by the Business Sector?
| # | 44 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Russia
|
28.95 % | 2019 | -0.4 % | +1.2 % | View data | |
| 2 |
#2
China
|
26.37 % | 2019 | -0.7 % | -4.8 % | View data | |
| 42 |
#42
Argentina
|
0.24 % | 2019 | -2.9 % | +1.1 % | View data | |
| 43 |
#43
Mexico
|
0.09 % | 2019 | -75.0 % | -18.1 % | View data | |
| 44 |
#44
Iceland
|
0.03 % | 2019 | -94.7 % | -62.0 % | View data | |