Key Market Indicators
Kenya's defense expenditure is projected to climb to approximately $1.31 billion by 2028, up from $1.17 billion in 2023. This reflects an annual compound growth rate (CAGR) of 1.8%. Historical data since 1968 indicates that Kenya's defense spending has increased by an average of 1% each year. In 2023, Kenya ranked 71st globally in defense expenditure, with Ireland slightly ahead at the same $1.17 billion mark. Leading the global defense spending rankings were China, Russia, and India, occupying the second, third, and fourth positions, respectively.
