Mexico—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #22 of 156Updated April 2026
Latest Value
$16.73B
2024
YoY Change
+41.4%
2023 → 2024
Global Rank
#22
of 156 countries
Maximum
$16.73B
2024
Minimum
$2.85B
2004
CAGR
+7.4%
25 years
Last
$16.73B
Previous
$11.83B
Highest
$16.73B
Lowest
$2.85B
Source
World Bank World Development Indicators
Mexico's military expenditure (usd) was $16.73B in 2024, ranking #22 out of 156 countries. This represents a +41.4% change from 2023. Over the past 25 years, the highest recorded value was $16.73B (2024) and the lowest was $2.85B (2004). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $16.73B | +41.4% |
| 2023 | $11.83B | +17.5% |
| 2022 | $10.07B | +15.9% |
| 2021 | $8.68B | +7.9% |
| 2020 | $8.04B | +21.0% |
| 2019 | $6.65B | +13.9% |
| 2018 | $5.84B | +15.4% |
| 2017 | $5.06B | -5.1% |
| 2016 | $5.34B | -2.4% |
| 2015 | $5.47B | -19.1% |
| 2014 | $6.76B | +4.4% |
| 2013 | $6.47B | +13.2% |
| 2012 | $5.72B | +4.0% |
| 2011 | $5.50B | +14.8% |
| 2010 | $4.79B | +6.1% |
| 2009 | $4.51B | +4.1% |
| 2008 | $4.33B | +2.6% |
| 2007 | $4.22B | +39.1% |
| 2006 | $3.04B | -2.8% |
| 2005 | $3.12B | +9.4% |
| 2004 | $2.85B | -3.6% |
| 2003 | $2.96B | -6.7% |
| 2002 | $3.17B | -1.8% |
| 2001 | $3.23B | +6.5% |
| 2000 | $3.03B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |