Key Market Indicators
Gambian defense expenditure is projected to climb to approximately $16.8 million by 2028, up from $15.5 million in 2023. This represents an annual growth rate of 1.2%. Since 1988, the country's defense spending has increased by an average of 6.2% per year. In the 2023 rankings, Gambia was positioned at 146th globally, with Liberia slightly ahead, also at $15.5 million. In the same rankings, China, Russia, and India held the second, third, and fourth positions, respectively.
