Bolivia Defense Industry Outlook 2024 - 2028

See how Bolivia Defense performed compared to key markets such as the United States, China and Russia.

Key Market Indicators

Bolivia's defense expenditure is projected to climb to approximately $720 million by 2028, up from around $654 million in 2023. This growth represents an average annual increase of 1.5%. Historically, Bolivia's defense spending has seen a steady rise, averaging a 1.6% increase each year since 1968. In the global ranking of defense budgets for 2023, Bolivia secured the 81st position. The Dominican Republic slightly outpaced Bolivia with an identical budget of $654 million. At the top of the rankings, China, Russia, and India occupied the second, third, and fourth positions, respectively.

Bolivia Defense Market Data and Forecasts

How much will Bolivia Defense Market grow to 2028?

Forecast: Military Expenditure in Bolivia
Forecast: Weapons Imports in Bolivia
Forecast: Import of Revolvers and Pistols to Bolivia

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