Key Market Indicators
Qatar's weapon imports are projected to soar to approximately $5.4 billion by 2028, up from around $3 billion in 2023. This represents an annual compound growth rate of 9%. Historical data reveals that since 1975, Qatari demand for weapon imports has surged by an average of 39% each year. In the global ranking for 2023, Qatar secured the second position, with India leading the list at an equivalent $3 billion. Following Qatar, Saudi Arabia and Kuwait occupied the third and fourth spots, respectively, in this ranking.
