Key Market Indicators
Cameroon's defense budget is projected to rise to approximately $441 million by 2028, up from around $421 million in 2023. This represents a modest annual growth rate of 0.7%. Historical data shows that since 1975, Cameroon's defense expenditure has declined by an average of 0.4% per year. In the global rankings for 2023, Cameroon secured the 97th spot, with El Salvador surpassing it at the same expenditure level of $421 million. On the international stage, China, Russia, and India took the 2nd, 3rd, and 4th positions respectively in defense spending.
