Key Market Indicators
Ugandan defense expenditure is projected to rise to approximately $939 million by 2028, up from around $926 million in 2023. This represents an average annual growth rate of 0.2%. Since 1967, Uganda's defense spending has surged by an average of 17.8% year-on-year. In the global rankings for 2023, Uganda was 73rd, with Sri Lanka just ahead at approximately $926 million. The top three countries in defense spending were China, Russia, and India, ranking second, third, and fourth respectively.
