Mexico Military Expenditure (USD)
$16.7B▲ +$4.9B
Dec 2024 · Annual
Mexico's military expenditure was USD 16.73 billion in 2024, an increase from USD 11.83 billion in 2023. The 2024 figure is the highest in the annual series, which starts in 1960. The series all-time low was USD 84 million in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $16.7B | $11.8B | $16.7BDec 2024 | $84.0MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 0.9% | 0.7% | 0.9% | 0.3% | Dec 2024 | Annual |
| GDP | $1.83T | $1.83T | $1.83T | $13.0B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Mexico averaged $4.8B from 1960 until 2024, reaching an all-time high of $16.7B in Dec 2024 and a record low of $84.0M in Dec 1960. The series is reported yearly with history from 1960.
Mexico's military expenditure indicator is measured in current US dollars. The data are reported annually, with the series spanning from 1960 to 2024. The unit is the US dollar. The series therefore covers annual observations over the full period for which the indicator is available, with values expressed in current US dollars.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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