Key Market Indicators
El Salvador's defense expenditure is projected to climb to approximately $503 million by 2028, up from around $436 million in 2023. This marks an average annual growth rate of 2.3%. Since 1965, the country's defense spending has increased at an average annual rate of 8.2%. In the global ranking of defense expenditures for 2023, El Salvador was positioned at 96th. Just ahead, Guatemala matched El Salvador with nearly $436 million in defense expenditures. On the international stage, China, Russia, and India secured the second, third, and fourth positions, respectively, in defense spending rankings.
