Key Market Indicators
Angola's defense expenditure is projected to climb to approximately $2.06 billion by 2028, up from around $1.69 billion in 2023. This represents an average annual growth rate of 3.1%. However, since 1983, Angola's defense spending has generally seen a decline, averaging a 3.1% annual decrease. In 2023, Angola ranked 61st globally in defense spending, with Myanmar slightly ahead at $1.69 billion. The top three countries in defense expenditure were China, Russia, and India, respectively.
