Key Market Indicators
Honduras' defense expenditure is projected to reach approximately $603 million by 2028, marking an increase from around $497 million in 2023. This represents an average annual growth rate of 3.1%. Since 1965, the country's defense spending has shown a consistent annual increase of 5.2%. In the global ranking for defense expenditure in 2023, Honduras held the 90th position. Botswana narrowly edged ahead with a similar defense budget of $497 million. In the broader context, China, Russia, and India occupied the second, third, and fourth spots respectively in the global defense expenditure rankings.
