Military expenditure in local currency rose 12.0% to MXN 126 bil in Mexico in 2019, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Mexico reached an all time high of MXN 126 bil in 2019 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 0.047 bil, GTQ 2.65 bil in Guatemala, HNL 9.90 bil in Honduras and USD 732 bil in USA in 2019.
Mexico has been ranked 44th within the group of 145 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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