Key Market Indicators
Batswana defense expenditure is projected to hit approximately $539 million by 2028, rising from nearly $498 million in 2023. This represents an annual compound growth rate of 1.3%. Since 1982, Botswana's defense spending has shown consistent stability. In 2023, the country ranked 89th globally in terms of defense expenditure. Interestingly, Cyprus edged ahead of Botswana with a budget close to $498 million. The global rankings for defense spending in 2023 were dominated by major powers: China took the second spot, followed by Russia in third, and India in fourth.
