Military expenditure in dollars — all countries

Military expenditure in dollars — Mexico

Military expenditure in dollars in Mexico in 2024 — 16,726,425,452 US$. Ranked 22 in the world out of 151. Since 1960, the indicator has risen by 19,812.4%.

2024 16.73B US$ +41.44% vs 2023
World rank 22of 151
Period maximum 16.73B US$2024
Period minimum 84M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Mexico, 1960–202405B10B15B20B19601967197419811988199520022009201620231960: 84,000,000 US$1962: 99,200,000 US$1964: 120,000,000 US$1966: 130,400,000 US$1968: 148,800,000 US$1970: 176,800,000 US$1972: 242,400,000 US$1974: 407,200,000 US$1976: 531,576,968 US$1978: 518,287,193 US$1980: 810,422,204 US$1982: 858,130,163 US$1984: 1,155,945,373 US$1986: 817,296,612 US$1988: 981,914,646 US$1990: 1,210,872,502 US$1992: 1,824,550,066 US$1994: 2,635,284,079 US$1996: 1,882,873,103 US$1998: 2,263,223,453 US$2000: 3,031,454,509 US$2002: 3,172,268,734 US$2004: 2,854,385,965 US$2006: 3,035,131,019 US$2008: 4,334,654,124 US$2010: 4,789,031,339 US$2012: 5,717,035,575 US$2014: 6,758,693,845 US$2016: 5,336,875,740 US$2018: 5,839,521,271 US$2020: 8,044,880,864 US$2022: 10,065,268,403 US$2024: 16,726,425,452 US$
Change over the period: +16.64B (+19,812.41%) Average annual rate: 8.62 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Mexico

Mexico 16.73B US$
World 2.65T US$
Central America computed 18.28B US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — Mexico, by year Mexico All countries CSV XLSX
Year US$ Change Change, %
2024 16.73B +4.9B +41.44%
2023 11.83B +1.76B +17.49%
2022 10.07B +1.38B +15.95%
2021 8.68B +636M +7.91%
2020 8.04B +1.39B +20.96%
2019 6.65B +811M +13.89%
2018 5.84B +777M +15.36%
2017 5.06B −275M −5.15%
2016 5.34B −132M −2.41%
2015 5.47B −1.29B −19.08%
2014 6.76B +286M +4.41%
2013 6.47B +756M +13.23%
2012 5.72B +219M +3.98%
2011 5.5B +709M +14.81%
2010 4.79B +275M +6.09%
2009 4.51B +180M +4.14%
2008 4.33B +112M +2.64%
2007 4.22B +1.19B +39.14%
2006 3.04B −88.32M −2.83%
2005 3.12B +269M +9.43%
2004 2.85B −106M −3.58%
2003 2.96B −212M −6.68%
2002 3.17B −57.2M −1.77%
2001 3.23B +198M +6.53%
2000 3.03B +379M +14.27%
1999 2.65B +390M +17.22%
1998 2.26B +79.16M +3.62%
1997 2.18B +301M +16%
1996 1.88B +320M +20.49%
1995 1.56B −1.07B −40.7%
1994 2.64B +512M +24.13%
1993 2.12B +298M +16.36%
1992 1.82B +365M +25.04%
1991 1.46B +248M +20.5%
1990 1.21B +57.5M +4.99%
1989 1.15B +171M +17.46%
1988 982M +169M +20.72%
1987 813M −3.91M −0.48%
1986 817M −425M −34.19%
1985 1.24B +85.92M +7.43%
1984 1.16B +377M +48.47%
1983 779M −79.57M −9.27%
1982 858M −427M −33.22%
1981 1.28B +475M +58.55%
1980 810M +131M +19.24%
1979 680M +161M +31.14%
1978 518M +80.59M +18.41%
1977 438M −93.88M −17.66%
1976 532M +26.78M +5.3%
1975 505M +97.6M +23.97%
1974 407M +106M +35.37%
1973 301M +58.4M +24.09%
1972 242M +51.2M +26.78%
1971 191M +14.4M +8.14%
1970 177M −3.2M −1.78%
1969 180M +31.2M +20.97%
1968 149M +15.2M +11.38%
1967 134M +3.2M +2.45%
1966 130M +11.2M +9.4%
1965 119M −800,000 −0.67%
1964 120M +8M +7.14%
1963 112M +12.8M +12.9%
1962 99.2M +12.8M +14.81%
1961 86.4M +2.4M +2.86%
1960 84M

Central America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.