Key Market Indicators
Malian defense expenditure is projected to climb to approximately $623 million by 2028, up from around $534 million in 2023. This marks an annual average growth rate of 2.4%. Historically, since 1966, Mali's defense spending has increased by an average of 2.1% per year. In the global ranking for 2023, Mali was positioned at number 86, just surpassed by Luxembourg with a similar expenditure of $534 million. The top spots in the defense spending rankings were held by China, Russia, and India, occupying the second, third, and fourth positions respectively.
