Key Market Indicators
Ivorian Defence Expenditure is projected to climb to approximately $706 million by 2028, up from around $633 million in 2023. This represents a compound annual growth rate (CAGR) of 1.7%. Since 1967, the country's defense spending has increased by an average of 0.8% annually. In 2023, Côte d'Ivoire ranked 83rd globally in defense expenditure, with Burkina Faso slightly ahead at the same $633 million mark. On the international stage, China, Russia, and India secured the second, third, and fourth positions, respectively, in defense spending rankings.
