Key Market Indicators
Togolese defense expenditure is projected to nearly double by 2028, reaching approximately $698 million, up from around $363 million in 2023. This represents an average annual growth rate of 10.1%. Historical data shows a significant increase in Togolese defense spending since 1966, with an average annual growth rate of 28.3%. In 2023, Togo ranked 100th globally in defense spending, with Paraguay slightly ahead at the same expenditure level of $363 million. Leading the global rankings in defense expenditure were China, Russia, and India, occupying the second, third, and fourth positions respectively.
