Military expenditure in Mexico
Mexico: Military expenditure was 16.73 billion current USD in 2024. ◆ Volatile
Military expenditure in Mexico, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Mexico is 16.73 billion current USD, measured in 2024. That is the highest value across all 65 years on record.
The figure is up 41.4% on the previous year and up 147.5% over ten years.
Over the whole period, military expenditure in Mexico peaked at 16.73 billion current USD in 2024 and was at its lowest, 84.00 million current USD, in 1960.
Mexico ranks 23rd of 167 countries on this measure, in the top quarter.
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 | 121.36 million current USD | 84.00 million current USD | 180.00 million current USD | 10 |
| 1970s | 399.04 million current USD | 176.80 million current USD | 679.66 million current USD | 10 |
| 1980s | 989.59 million current USD | 778.56 million current USD | 1.28 billion current USD | 10 |
| 1990s | 1.98 billion current USD | 1.21 billion current USD | 2.65 billion current USD | 10 |
| 2000s | 3.45 billion current USD | 2.85 billion current USD | 4.51 billion current USD | 10 |
| 2010s | 5.76 billion current USD | 4.79 billion current USD | 6.76 billion current USD | 10 |
| 2020s | 11.07 billion current USD | 8.04 billion current USD | 16.73 billion current USD | 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 16.73 billion current USD 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 16.73 billion current USD in 2024.
- What is the lowest military expenditure recorded in Mexico?
- The lowest recorded value was 84.00 million current USD in 1960.
- How does Mexico rank for military expenditure?
- Mexico ranks 23rd out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Mexico?
- Over the last ten years it is up 147.5%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)