Military spending per armed forces personnel in Mexico

Mexico: Military spending per armed forces personnel was 34,901 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
34,901 constant 2024 US$
Change on year
up 25.7%
World rank
67th
of 160 countries
All-time high
34,901 constant 2024 US$
in 2020
All-time low
14,269 constant 2024 US$
in 2006
Years of data
33
1985–2020

Military spending per armed forces personnel in Mexico, 1985–2020

010.0k20.0k30.0k1985200220201985: 29.8k constant 2024 US$1989: 20.0k constant 2024 US$1990: 16.7k constant 2024 US$1991: 17.6k constant 2024 US$1992: 19.5k constant 2024 US$1993: 20.8k constant 2024 US$1994: 26.2k constant 2024 US$1995: 20.3k constant 2024 US$1996: 21.4k constant 2024 US$1997: 21.4k constant 2024 US$1998: 22.1k constant 2024 US$1999: 22.8k constant 2024 US$2000: 22.0k constant 2024 US$2001: 22.1k constant 2024 US$2002: 21.4k constant 2024 US$2003: 21.4k constant 2024 US$2004: 20.7k constant 2024 US$2005: 20.9k constant 2024 US$2006: 14.3k constant 2024 US$2007: 18.7k constant 2024 US$2008: 17.5k constant 2024 US$2009: 19.3k constant 2024 US$2010: 18.4k constant 2024 US$2011: 20.2k constant 2024 US$2012: 21.4k constant 2024 US$2013: 22.9k constant 2024 US$2014: 23.2k constant 2024 US$2015: 21.8k constant 2024 US$2016: 24.3k constant 2024 US$2017: 22.1k constant 2024 US$2018: 23.8k constant 2024 US$2019: 27.8k constant 2024 US$2020: 34.9k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Mexico recorded 34,901 constant 2024 US$ for military spending per armed forces personnel in 2020. That is the highest value across all 33 years on record.

The figure is up 25.7% on the previous year and up 89.9% over ten years.

Over the whole period, military spending per armed forces personnel in Mexico peaked at 34,901 constant 2024 US$ in 2020 and was at its lowest, 14,269 constant 2024 US$, in 2006.

That places Mexico 67th out of 160 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently rising across the 33 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 24,890 constant 2024 US$ 20,014 constant 2024 US$ 29,766 constant 2024 US$ 2
1990s 20,882 constant 2024 US$ 16,682 constant 2024 US$ 26,192 constant 2024 US$ 10
2000s 19,819 constant 2024 US$ 14,269 constant 2024 US$ 22,149 constant 2024 US$ 10
2010s 22,574 constant 2024 US$ 18,379 constant 2024 US$ 27,770 constant 2024 US$ 10
2020s 34,901 constant 2024 US$ 34,901 constant 2024 US$ 34,901 constant 2024 US$ 1

Countries ranked near Mexico

  1. 64 Algeria 37,491 constant 2024 US$ compare
  2. 65 Mozambique 37,287 constant 2024 US$ compare
  3. 66 Azerbaijan 36,845 constant 2024 US$ compare
  4. 68 Albania 33,424 constant 2024 US$ compare
  5. 69 Turkey 33,166 constant 2024 US$ compare
  6. 70 Sudan 32,595 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Mexico

All data for Mexico →

Frequently asked questions

What is military spending per armed forces personnel in Mexico?
Military spending per armed forces personnel in Mexico was 34,901 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Mexico?
The highest recorded value was 34,901 constant 2024 US$ in 2020.
What is the lowest military spending per armed forces personnel recorded in Mexico?
The lowest recorded value was 14,269 constant 2024 US$ in 2006.
How does Mexico rank for military spending per armed forces personnel?
Mexico ranks 67th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Mexico?
Over the last ten years it is up 89.9%. The long-run trend across the full record is rising.
Where does this Mexico data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.