Military expenditure in Mexico
Mexico: Military expenditure was 306.34 billion current LCU in 2024. ◆ Volatile
Military expenditure in Mexico, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
Mexico recorded 306.34 billion current LCU for military expenditure in 2024. That is the highest value across all 65 years on record.
The figure is up 45.6% on the previous year and up 241.0% over ten years.
Over the whole period, military expenditure in Mexico peaked at 306.34 billion current LCU in 2024 and was at its lowest, 1.05 million current LCU, in 1960.
Mexico ranks 47th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.52 million current LCU | 1.05 million current LCU | 2.25 million current LCU | 10 |
| 1970s | 6.82 million current LCU | 2.21 million current LCU | 15.50 million current LCU | 10 |
| 1980s | 739.70 million current LCU | 18.60 million current LCU | 2.84 billion current LCU | 10 |
| 1990s | 11.66 billion current LCU | 3.41 billion current LCU | 25.36 billion current LCU | 10 |
| 2000s | 37.61 billion current LCU | 28.66 billion current LCU | 61.00 billion current LCU | 10 |
| 2010s | 89.90 billion current LCU | 60.51 billion current LCU | 127.95 billion current LCU | 10 |
| 2020s | 213.60 billion current LCU | 172.87 billion current LCU | 306.34 billion current LCU | 5 |
Countries ranked near Mexico
More public sector data for Mexico
- Arms imports 46.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.8% (2024)
- Taxes on income, profits and capital gains 41.3% (2024)
- Taxes on goods and services 31.7% (2024)
- Net investment in nonfinancial assets 0.9% (2024)
- Net lending (+) / net borrowing (-) -5.9% (2024)
- Interest payments 20.0% (2024)
- Grants and other revenue 10.6% (2024)
- Interest payments 15.8% (2023)
- Other taxes 1.1% (2024)
Frequently asked questions
- What is military expenditure in Mexico?
- Military expenditure in Mexico was 306.34 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Mexico?
- The highest recorded value was 306.34 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Mexico?
- The lowest recorded value was 1.05 million current LCU in 1960.
- How does Mexico rank for military expenditure?
- Mexico ranks 47th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Mexico?
- Over the last ten years it is up 241.0%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)