Key Market Indicators
Moroccan defense expenditure is projected to hit $5.64 billion by 2028, according to recent forecasts. This figure reflects an average annual growth rate of 1.6% from its 2023 level of approximately $5.11 billion. Historically, Moroccan defense spending has surged by 6.7% annually since 1965. In 2023, Morocco ranked 38th worldwide in defense spending, slightly trailing Romania, which spent a similar amount of around $5.11 billion. Globally, China, Russia, and India held the 2nd, 3rd, and 4th positions respectively in defense expenditure rankings.
