Military Expenditure in Mexico decreased to 6607 USD Million in 2020 from 6651 USD Million in 2019. source: SIPRI
Military Expenditure in Mexico averaged 2424.19 USD Million from 1949 until 2020, reaching an all time high of 6651 USD Million in 2019 and a record low of 373 USD Million in 1949. Mexico Military Expenditure - values, historical data and charts - was last updated on September of 2022.
Military Expenditure in Mexico is expected to reach 5800.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Military Expenditure is projected to trend around 5800.00 USD Million in 2022 and 6100.00 USD Million in 2023, according to our econometric models.