Key Market Indicators
Argentinian defense expenditure is projected to reach nearly $2.7 billion by 2028, up from approximately $2.6 billion in 2023. This marks a modest annual growth rate of 0.6%. However, this increase comes against a backdrop of long-term decline. Since 1967, Argentinian defense spending has decreased by an average of 7.5% each year. In 2023, Argentina was ranked 54th globally in defense expenditure, with Peru surpassing it at roughly $2.6 billion. On the global stage, China, Russia, and India occupied the second, third, and fourth positions, respectively, in defense spending.
