Latin America & Caribbean vs Mexico: Military expenditure (current USD), gaps filled

Latin America & Caribbean
73.38 billion current USD
in 2024
Mexico
16.73 billion current USD
in 2024
Latin America & Caribbean rank
23rd
Mexico rank
23rd

Military expenditure (current USD), gaps filled over time

  • Latin America & Caribbean
  • Mexico
020.0B40.0B60.0B80.0B196019922024

How they compare

Latin America & Caribbean currently reports 73.38 billion current USD against 16.73 billion current USD in Mexico, a difference of 56.65 billion current USD.

That makes Latin America & Caribbean's figure about 4.4 times Mexico's.

Across all 65 years both countries report, Latin America & Caribbean has been ahead every year.

Latin America & Caribbean ranks 23rd and Mexico ranks 23rd of 41 groups.

Latin America & Caribbean has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade Latin America & Caribbean Mexico Difference Ahead
1960s 1.68 billion current USD 121.36 million current USD 1.56 billion current USD Latin America & Caribbean
1970s 6.83 billion current USD 399.04 million current USD 6.43 billion current USD Latin America & Caribbean
1980s 13.52 billion current USD 989.59 million current USD 12.53 billion current USD Latin America & Caribbean
1990s 23.65 billion current USD 1.98 billion current USD 21.67 billion current USD Latin America & Caribbean
2000s 35.47 billion current USD 3.45 billion current USD 32.02 billion current USD Latin America & Caribbean
2010s 67.62 billion current USD 5.76 billion current USD 61.86 billion current USD Latin America & Caribbean
2020s 61.92 billion current USD 11.07 billion current USD 50.86 billion current USD Latin America & Caribbean

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), gaps filled, Latin America & Caribbean or Mexico?
Latin America & Caribbean, at 73.38 billion current USD against 16.73 billion current USD in Mexico as of 2024.
What is the difference in military expenditure (current usd), gaps filled between Latin America & Caribbean and Mexico?
56.65 billion current USD, with Latin America & Caribbean ahead.
How many years of comparable data are there for Latin America & Caribbean and Mexico?
65 years are reported by both, from 1960 to 2024.
How do Latin America & Caribbean and Mexico rank globally for military expenditure (current usd), gaps filled?
Latin America & Caribbean ranks 23rd and Mexico ranks 23rd of 41 groups.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), gaps filled. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latin America & Caribbean vs Mexico: Military expenditure (current USD), gaps filled. Statizoid, drawing on Statizoid (derived). Retrieved 04 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-gaps-filled/latin-america-and-caribbean/mexico/

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About this data

Indicator
Military expenditure (current USD), gaps filled
Unit
current USD
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,708 data points, 1960–2024
Last refreshed

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.