Key Market Indicators
Egypt's defense expenditure is projected to climb to nearly $5 billion by 2028, up from approximately $4.7 billion in 2023. This marks an average annual growth rate of 0.9%. Since 1967, the country's defense spending has grown at an average rate of 8.6% per year. In the global ranking for 2023, Egypt holds the 43rd position, with Iraq just ahead at a similar expenditure of around $4.7 billion. The top spots in the ranking are occupied by China, Russia, and India, holding the 2nd, 3rd, and 4th positions, respectively.
