Military expenditure in local currency fell 2.72% to MXN 109 bil in Mexico in 2017, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Mexico reached an all time high of MXN 123 bil in 2015 and an all time low of MXN 0.001 bil in 1960. When compared to Mexico's main peers, military expenditure in local currency in Belize amounted to BZD 0.046 bil, GTQ 2.09 bil in Guatemala, HNL 8.54 bil in Honduras and USD 610 bil in USA in 2017.
Mexico has been ranked 48th within the group of 147 countries we follow in terms of military expenditure in local currency, 1 place above 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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