Mexico vs Sweden: Military spending
Mexico
13.78 billion constant 2024 US$
in 2025
Sweden
14.95 billion constant 2024 US$
in 2025
Mexico rank
30th
Sweden rank
28th
Military spending over time
- Mexico
- Sweden
How they compare
Sweden currently reports 14.95 billion constant 2024 US$ against 13.78 billion constant 2024 US$ in Mexico, a difference of 1.17 billion constant 2024 US$.
That makes Sweden's figure about 1.1 times Mexico's.
The two have swapped places 2 times across 66 shared years of data; in 1960 it was Sweden ahead.
Mexico ranks 30th and Sweden ranks 28th of 162 countries.
Across the 7 decades both report, Mexico averaged higher in 2 and Sweden in 5.
Head to head by decade
| Decade | Mexico | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.07 billion constant 2024 US$ | 4.75 billion constant 2024 US$ | 3.68 billion constant 2024 US$ | Sweden |
| 1970s | 1.97 billion constant 2024 US$ | 5.92 billion constant 2024 US$ | 3.95 billion constant 2024 US$ | Sweden |
| 1980s | 3.15 billion constant 2024 US$ | 6.31 billion constant 2024 US$ | 3.16 billion constant 2024 US$ | Sweden |
| 1990s | 3.82 billion constant 2024 US$ | 6.37 billion constant 2024 US$ | 2.55 billion constant 2024 US$ | Sweden |
| 2000s | 4.73 billion constant 2024 US$ | 5.83 billion constant 2024 US$ | 1.10 billion constant 2024 US$ | Sweden |
| 2010s | 7.53 billion constant 2024 US$ | 5.66 billion constant 2024 US$ | 1.87 billion constant 2024 US$ | Mexico |
| 2020s | 13.67 billion constant 2024 US$ | 9.75 billion constant 2024 US$ | 3.91 billion constant 2024 US$ | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Mexico or Sweden?
- Sweden, at 14.95 billion constant 2024 US$ against 13.78 billion constant 2024 US$ in Mexico as of 2025.
- What is the difference in military spending between Mexico and Sweden?
- 1.17 billion constant 2024 US$, with Sweden ahead.
- How many years of comparable data are there for Mexico and Sweden?
- 66 years are reported by both, from 1960 to 2025.
- How do Mexico and Sweden rank globally for military spending?
- Mexico ranks 30th and Sweden ranks 28th of 162 countries.
- Where does this data come from?
- Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.