Key Market Indicators
Laos is set to become one of the biggest weapons importers in the world by 2026. Import figures have grown from $25 million in 1965 to an estimated $37 million in 2021. This represents an average annual growth rate of 2.2%. At present, Laos is positioned at number 75 in the ranking. Mongolia is ahead of Laos with $25.4 million. Saudi Arabia, Australia and South Korea are ranked second, third and fourth respectively.
