Military expenditure (current USD) in Mexico
Mexico: Military expenditure was 16.73 billion current USD in 2024. ◆ Volatile
Latest (2024)
16.73 billion current USD
Change on year
up 41.4%
World rank
23rd
of 168 countries
All-time high
16.73 billion current USD
in 2024
All-time low
84.00 million current USD
in 1960
Years of data
65
1960–2024
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 168 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Mexico, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 84.00 million current USD | — |
| 1961 | 86.40 million current USD | +2.9% |
| 1962 | 99.20 million current USD | +14.8% |
| 1963 | 112.00 million current USD | +12.9% |
| 1964 | 120.00 million current USD | +7.1% |
| 1965 | 119.20 million current USD | -0.7% |
| 1966 | 130.40 million current USD | +9.4% |
| 1967 | 133.60 million current USD | +2.5% |
| 1968 | 148.80 million current USD | +11.4% |
| 1969 | 180.00 million current USD | +21.0% |
| 1970 | 176.80 million current USD | -1.8% |
| 1971 | 191.20 million current USD | +8.1% |
| 1972 | 242.40 million current USD | +26.8% |
| 1973 | 300.80 million current USD | +24.1% |
| 1974 | 407.20 million current USD | +35.4% |
| 1975 | 504.80 million current USD | +24.0% |
| 1976 | 531.58 million current USD | +5.3% |
| 1977 | 437.69 million current USD | -17.7% |
| 1978 | 518.29 million current USD | +18.4% |
| 1979 | 679.66 million current USD | +31.1% |
| 1980 | 810.42 million current USD | +19.2% |
| 1981 | 1.28 billion current USD | +58.6% |
| 1982 | 858.13 million current USD | -33.2% |
| 1983 | 778.56 million current USD | -9.3% |
| 1984 | 1.16 billion current USD | +48.5% |
| 1985 | 1.24 billion current USD | +7.4% |
| 1986 | 817.30 million current USD | -34.2% |
| 1987 | 813.39 million current USD | -0.5% |
| 1988 | 981.91 million current USD | +20.7% |
| 1989 | 1.15 billion current USD | +17.5% |
| 1990 | 1.21 billion current USD | +5.0% |
| 1991 | 1.46 billion current USD | +20.5% |
| 1992 | 1.82 billion current USD | +25.0% |
| 1993 | 2.12 billion current USD | +16.4% |
| 1994 | 2.64 billion current USD | +24.1% |
| 1995 | 1.56 billion current USD | -40.7% |
| 1996 | 1.88 billion current USD | +20.5% |
| 1997 | 2.18 billion current USD | +16.0% |
| 1998 | 2.26 billion current USD | +3.6% |
| 1999 | 2.65 billion current USD | +17.2% |
| 2000 | 3.03 billion current USD | +14.3% |
| 2001 | 3.23 billion current USD | +6.5% |
| 2002 | 3.17 billion current USD | -1.8% |
| 2003 | 2.96 billion current USD | -6.7% |
| 2004 | 2.85 billion current USD | -3.6% |
| 2005 | 3.12 billion current USD | +9.4% |
| 2006 | 3.04 billion current USD | -2.8% |
| 2007 | 4.22 billion current USD | +39.1% |
| 2008 | 4.33 billion current USD | +2.6% |
| 2009 | 4.51 billion current USD | +4.1% |
| 2010 | 4.79 billion current USD | +6.1% |
| 2011 | 5.50 billion current USD | +14.8% |
| 2012 | 5.72 billion current USD | +4.0% |
| 2013 | 6.47 billion current USD | +13.2% |
| 2014 | 6.76 billion current USD | +4.4% |
| 2015 | 5.47 billion current USD | -19.1% |
| 2016 | 5.34 billion current USD | -2.4% |
| 2017 | 5.06 billion current USD | -5.1% |
| 2018 | 5.84 billion current USD | +15.4% |
| 2019 | 6.65 billion current USD | +13.9% |
| 2020 | 8.04 billion current USD | +21.0% |
| 2021 | 8.68 billion current USD | +7.9% |
| 2022 | 10.07 billion current USD | +15.9% |
| 2023 | 11.83 billion current USD | +17.5% |
| 2024 | 16.73 billion current USD | +41.4% |
Mexico compared with similar countries
- Mexico's 16.73 billion current USD is above the median for upper middle income countries, which is 1.38 billion current USD, 12.2× the median. (48 countries reporting)
- Mexico's 16.73 billion current USD is above the median for Latin America & Caribbean, which is 420.19 million current USD, 39.8× the median. (24 countries reporting)
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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 168 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)