Key Market Indicators
The defense expenditure in Mosotho is projected to increase to approximately $35.2 million by 2028, up from around $34.8 million in 2023. This marks an average annual growth rate of 0.2%. Historically, since 1981, Mosotho's defense spending has seen a decline, decreasing by an average of 7.4% each year. In the global ranking for defense expenditure in 2023, Mosotho was positioned at number 138. The Central African Republic surpassed Mosotho in defense spending, recording similar figures of around $34.8 million. On the global stage, China, Russia, and India secured the second, third, and fourth positions respectively in defense expenditure rankings.
