Key Market Indicators
Seselwa's defense expenditure is projected to hit approximately $31.7 million by 2028, rising from around $29.2 million in 2023. This marks an average annual growth rate of 1.3%. Since 1990, the country's defense spending has seen a consistent annual increase of 6.2%. In 2023, Seselwa ranked 139th globally in defense expenditure, with Lesotho slightly ahead at $29.2 million. Leading the global rankings in defense expenditure, China, Russia, and India secured the second, third, and fourth places, respectively.
