Key Market Indicators
Malta's defense expenditure is projected to reach approximately $96 million by 2028, up from around $88 million in 2023. This growth represents an average annual increase of 1.2%. Since 1990, Malta's defense spending has seen an annual growth rate of 5.8%. In 2023, Malta ranked 128th globally in defense expenditure, with Burundi slightly ahead at the same spending level of about $88 million. The leading countries in defense spending are China, Russia, and India, which occupy the second, third, and fourth positions respectively.
