Key Market Indicators
Defence expenditure in the country is projected to reach approximately $370 million by 2028, up from around $357 million in 2023. This marks an average annual growth rate of 0.6%. Historically, demand for defence spending has seen a yearly increase of 3.9% since 1968. In 2023, the country ranked 101st in global defence expenditure, with Togo surpassing it at $357 million. On the global stage, China, Russia, and India secured the second, third, and fourth positions, respectively, in defence spending rankings.
