Key Market Indicators
Brazil's defense spending is forecast to reach $20.7 billion by 2026, down 1.2% annually from $20.4 billion in 2021. Since 1965, the country's demand has dropped 3.4% each year. In 2021, Brazil was the 15th-largest defense spender, behind Israel which spent $20.4 billion. China, India and Russia ranked second, third and fourth, respectively.
