The military expenditure that Mexico reported for 2024 accounted for approximately 0.9 percent of the country's Gross Domestic Product (GDP), an increase from the previous year. The share of GDP for Mexico's military expenditure remained constant between 2009 and 2019, with the exception of 2017 when it dropped to 0.4 percent. In 2022, Mexico had one of the lowest military spending in Latin America.

Actual value and historical data chart for Mexico Military Expenditure Percent Of GDP

In 2023, the ratio of military expenditure to gross domestic product (GDP) in Mexico amounted to 0.66 percent. Between 1960 and 2023, the figure dropped by 0.01 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In 2024, the military spending of Mexico accounted for approximately 2.97 percent of all governmental expenses. The government expenditure in the military sector in this North American country has been oscillating between 1.6 and 2.6 in the last twelve years. Meanwhile, the military spending reported by Mexico in 2024 accounted for approximately 0.6 percent of the country's GDP.

The Gross Domestic Product (GDP) in Mexico was worth 1852.72 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Mexico represents 1.75 percent of the world economy. This dataset provides - Mexico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.