Key Market Indicators
Mauritian defense expenditure is projected to climb to approximately $20.6 million by 2028, marking a modest annual growth rate of 0.3% from its 2023 figure of $20.3 million. This comes after a long-term decline, with demand for defense spending in Mauritius decreasing by an average of 2.5% per year since 1973. In the global rankings for 2023, Mauritius stood at 144th place, having been surpassed by Haiti, which also reported defense spending of around $20.3 million. Meanwhile, China, Russia, and India continued to dominate the upper echelon of this list, securing the 2nd, 3rd, and 4th ranks, respectively.
