Military Expenditure in Mexico increased to 6375 USD Million in 2018 from 5781 USD Million in 2017.
Military Expenditure in Mexico averaged 2388.89 USD Million from 1949 until 2018, reaching an all time high of 7071 USD Million in 2015 and a record low of 349 USD Million in 1949. Mexico Military Expenditure - values, historical data and charts - was last updated on May of 2020. source: SIPRI
Military Expenditure in Mexico is expected to reach 7000.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Military Expenditure is projected to trend around 6900.00 USD Million in 2021, according to our econometric models.