Key Market Indicators
The Dominican Republic's defense expenditure is projected to rise to approximately $885 million by 2028, up from around $757 million in 2023. This marks an average annual growth rate of 2.5%. Since 1965, the country's defense spending has seen an average yearly increase of 5%. In the global rankings for 2023, the Dominican Republic placed 80th, with Slovenia surpassing it by spending $757 million. The top spots were occupied by China, Russia, and India, which held the second, third, and fourth positions, respectively.
