Key Market Indicators
Tunisian defense expenditure is projected to reach $1.3 billion by 2028, up from approximately $1.2 billion in 2023. This represents an annual growth rate of 1.5% in compound annual growth rate (CAGR). Since 1965, Tunisia's defense spending has increased by an average of 7% per year. In 2023, Tunisia ranked 69th globally in defense expenditure, with Croatia surpassing it with a similar budget of $1.2 billion. Among the global leaders in defense spending, China, Russia, and India secured the second, third, and fourth positions respectively.
