Key Market Indicators
Gabon is projected to increase its defense expenditure to roughly $284 million by 2028, up from approximately $279 million in 2023. This marks a modest annual growth rate of 0.3%. Since 1972, Gabon's defense spending has risen by an average of 1.3% each year. As of 2023, the country ranks 107th globally in defense expenditure. Afghanistan, with a similar budget of $279 million, narrowly surpasses Gabon. In the global context, China, Russia, and India hold the second, third, and fourth positions, respectively, in defense spending.
