Key Market Indicators
Central African Republic's defense expenditure is projected to hit approximately $44 million by 2028, rising from around $42 million in 2023. This marks an average annual growth rate of 0.7%. Historical data indicates a significant increase in defense spending for the nation, with a year-on-year growth rate of 6.8% since 1996. In the global ranking for 2023, the Central African Republic stood at 137th place. Notably, East Timor narrowly surpassed it with a defense budget of $42 million. On the larger scale, China, Russia, and India occupied the second, third, and fourth positions respectively in defense expenditure rankings.
