Military expenditure in local currency fell 2.46% to MXN 172 bil in Mexico in 2022, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Mexico reached an all time high of MXN 176 bil in 2021 and an all time low of MXN < 0.001 bil in 1949. When compared to Mexico's main peers, military expenditure in local currency in Belize amounted to BZD 0.047 bil, GTQ 3.34 bil in Guatemala, HNL 11.8 bil in Honduras and USD 877 bil in USA in 2022.
Mexico has been ranked 50th within the group of 150 countries we follow in terms of military expenditure in local currency, 2 places below the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Belize | BZD bil | 0.043 | 0.046 | 0.047 | 0.049 | 0.052 | ||||||||||||||||
| Canada | CAD bil | 23.6 | 28.9 | 29.5 | 29.7 | 31.0 | ||||||||||||||||
| China | CNY bil | 1,320 | 1,424 | 1,538 | 1,660 | 1,781 | ||||||||||||||||
| El Salvador | SVC bil | 0.248 | 0.261 | 0.295 | 0.317 | 0.344 | ||||||||||||||||
| Guatemala | GTQ bil | 2.21 | 2.02 | 2.05 | 2.55 | 2.65 | ||||||||||||||||
| Honduras | HNL bil | 8.26 | 9.36 | 9.21 | 9.99 | 8.65 | ||||||||||||||||
| Japan | JPY bil | 5,060 | 5,051 | 5,358 | 5,536 | 5,487 | ||||||||||||||||
| Mexico | MXN bil | 99.7 | 95.7 | 112 | 128 | 173 | ||||||||||||||||
| Nicaragua | NIO bil | 2.43 | 2.60 | 2.58 | 2.53 | 2.73 | ||||||||||||||||
| USA | USD bil | 640 | 647 | 682 | 734 | 778 |
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