Key Market Indicators
Bangladesh's defense expenditure is projected to climb to nearly $6 billion by 2028, up from approximately $5 billion in 2023. This represents an annual compound growth rate of 2.8%, according to recent data. Since 1978, the country's defense spending has seen an average annual increase of 6.5%. In the global rankings for 2023, Bangladesh is positioned at number 39. Just ahead of Bangladesh is Morocco, with a defense budget mirroring Bangladesh's current expenditure at $5 billion. In the broader context, China, Russia, and India occupy the second, third, and fourth positions respectively in global defense spending.
