Military spending in Mexico
Mexico: Military spending was 12.06 billion constant 2022 US$ in 2023. ◆ Volatile
Military spending in Mexico, 1831–2023
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in Mexico stood at 12.06 billion constant 2022 US$. That is the highest value across all 193 years on record.
That represents a change of up 8.3% on the previous year and up 78.7% over ten years.
Over the whole period, military spending in Mexico peaked at 12.06 billion constant 2022 US$ in 2023 and was at its lowest, 124.59 million constant 2022 US$, in 1831.
That places Mexico 28th out of 172 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1830s | 138.18 million constant 2022 US$ | 124.59 million constant 2022 US$ | 153.76 million constant 2022 US$ | 9 |
| 1840s | 422.35 million constant 2022 US$ | 175.50 million constant 2022 US$ | 780.33 million constant 2022 US$ | 10 |
| 1850s | 776.74 million constant 2022 US$ | 737.70 million constant 2022 US$ | 821.44 million constant 2022 US$ | 10 |
| 1860s | 440.12 million constant 2022 US$ | 195.09 million constant 2022 US$ | 791.66 million constant 2022 US$ | 10 |
| 1870s | 211.01 million constant 2022 US$ | 175.36 million constant 2022 US$ | 250.29 million constant 2022 US$ | 10 |
| 1880s | 237.23 million constant 2022 US$ | 189.07 million constant 2022 US$ | 320.39 million constant 2022 US$ | 10 |
| 1890s | 245.04 million constant 2022 US$ | 137.66 million constant 2022 US$ | 338.27 million constant 2022 US$ | 10 |
| 1900s | 208.25 million constant 2022 US$ | 181.24 million constant 2022 US$ | 256.75 million constant 2022 US$ | 10 |
| 1910s | 563.98 million constant 2022 US$ | 231.89 million constant 2022 US$ | 1.13 billion constant 2022 US$ | 10 |
| 1920s | 677.74 million constant 2022 US$ | 543.67 million constant 2022 US$ | 885.24 million constant 2022 US$ | 10 |
| 1930s | 360.55 million constant 2022 US$ | 301.95 million constant 2022 US$ | 482.16 million constant 2022 US$ | 10 |
| 1940s | 468.64 million constant 2022 US$ | 368.37 million constant 2022 US$ | 553.72 million constant 2022 US$ | 10 |
| 1950s | 502.74 million constant 2022 US$ | 429.82 million constant 2022 US$ | 618.55 million constant 2022 US$ | 10 |
| 1960s | 953.09 million constant 2022 US$ | 612.42 million constant 2022 US$ | 1.24 billion constant 2022 US$ | 10 |
| 1970s | 1.68 billion constant 2022 US$ | 1.27 billion constant 2022 US$ | 2.04 billion constant 2022 US$ | 10 |
| 1980s | 2.17 billion constant 2022 US$ | 1.99 billion constant 2022 US$ | 2.54 billion constant 2022 US$ | 10 |
| 1990s | 3.64 billion constant 2022 US$ | 1.92 billion constant 2022 US$ | 5.23 billion constant 2022 US$ | 10 |
| 2000s | 4.97 billion constant 2022 US$ | 4.21 billion constant 2022 US$ | 5.71 billion constant 2022 US$ | 10 |
| 2010s | 6.66 billion constant 2022 US$ | 5.80 billion constant 2022 US$ | 8.01 billion constant 2022 US$ | 10 |
| 2020s | 10.59 billion constant 2022 US$ | 8.85 billion constant 2022 US$ | 12.06 billion constant 2022 US$ | 4 |
Countries ranked near Mexico
- 25 Qatar 14.38 billion constant 2022 US$ compare
- 26 Pakistan 12.37 billion constant 2022 US$ compare
- 27 Colombia 12.36 billion constant 2022 US$ compare
- 29 Indonesia 11.67 billion constant 2022 US$ compare
- 30 Norway 10.47 billion constant 2022 US$ compare
- 31 Iran 10.44 billion constant 2022 US$ compare
More reference data data for Mexico
- Spring temperature anomalies 2.01 °C (2026)
- Summer temperature anomalies 0.304 °C (2026)
- Temperature anomalies by month 0.6991 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.5606 °C (2025)
- Winter temperature anomalies 2.29 °C (2025)
- Consumer price index 191.45 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Mexico?
- Military spending in Mexico was 12.06 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Mexico?
- The highest recorded value was 12.06 billion constant 2022 US$ in 2023.
- What is the lowest military spending recorded in Mexico?
- The lowest recorded value was 124.59 million constant 2022 US$ in 1831.
- How does Mexico rank for military spending?
- Mexico ranks 28th out of 172 countries with data for 2023.
- Is military spending rising or falling in Mexico?
- Over the last ten years it is up 78.7%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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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.