Key Market Indicators
Mozambican defense expenditure is projected to climb to approximately $340 million by 2028, rising from around $292 million in 2023. This represents a compound annual growth rate (CAGR) of 2.4%. Since 1982, Mozambique's defense spending has seen an average annual increase of 8.2%. In the global rankings for 2023, Mozambique held the 105th spot. Albania slightly outpaced Mozambique with a similar expenditure of $292 million. In the broader context, China, Russia, and India occupied the second, third, and fourth positions, respectively, in defense spending for the same period.
