Key Market Indicators
Namibia is on track to see its weapon imports rise to approximately $31.8 million by 2028, up from around $28.6 million in 2023. This projection indicates a compound annual growth rate (CAGR) of 1.7%. Since 2001, the country's demand for weapons has consistently increased, with an average annual growth rate of 2.4%. This trend highlights Namibia's steady escalation in defense procurement over the past two decades.
