Mexico
Military Spending Profile
#23
Global Rank
$16.5B
2024 Spending
0.6%
of World Spending
0.9%
of GDP
Military Spending Over Time
Constant 2023 USD (billions)
Military Spending as % of GDP
10-Year Trend
+128.9%
Military spending has increased over the past decade
Peak Spending
$16.5B
in 2024 (constant 2023 USD)