Key Market Indicators
Malawi's defense expenditure is projected to rise to $77 million by 2028, up from $76 million in 2023. This marks an average annual growth rate of 0.2%. Since 1970, the country's defense spending has experienced a year-on-year increase of 5.5%. In 2023, Malawi ranked 132nd in global defense expenditure, with Nicaragua slightly ahead at the same spending level of $76 million. On the higher end of the ranking, China, Russia, and India occupied the second, third, and fourth positions, respectively.
