Key Market Indicators
Namibia's defence expenditure is expected to rise 0.3% year-on-year to reach $400 million by 2026. This follows a 2.5% year-on-year decline in demand since 1996. In 2021, Namibia was ranked 98th in the world for defence expenditure, behind Burkina Faso at $375 million. China, India and Russia ranked 2nd, 3rd and 4th respectively.