Key Market Indicators
Afghanistan's defense expenditure is projected to climb to approximately $303 million by 2028, marking a modest annual growth rate of 1% from its 2023 figure of about $286 million. Since 1975, the country's defense spending has seen an average annual increase of 7.6%. In the 2023 rankings, Afghanistan was positioned at number 106, with Mozambique slightly ahead at the same expenditure level of $286 million. Globally, China, Russia, and India held the second, third, and fourth spots respectively in defense spending rankings.
