Latin America & Caribbean vs Mexico: Military expenditure
Latin America & Caribbean
73.38 billion current USD
in 2024
Mexico
16.73 billion current USD
in 2024
Latin America & Caribbean rank
24th
Mexico rank
23rd
Military expenditure over time
- Latin America & Caribbean
- Mexico
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 24th and Mexico ranks 23rd of 42 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, 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 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?
- Latin America & Caribbean ranks 24th and Mexico ranks 23rd of 42 groups.
- Where does this data come from?
- SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)