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Russia Defense Industry Outlook 2022 - 2026

See how Russia Defense performed compared to key markets such as the United States, China and India.

Key Market Indicators

Russia is set to be the fourth largest defence spender in the world by 2026, with expenditure reaching $63 billion. This marks an increase of 0.3% year-on-year compounded annual growth rate (CAGR) from 2021, when the country spent $60 billion. Since 1998, Russian defence expenditure has fallen 2.8% year-on-year. In 2021, India was the third largest defence spender at $60 billion, with China and Russia coming in second and fourth respectively.

Russia Defense Market Data and Forecasts

How much will Russia Defense Market grow to 2026?

Forecast: General Government Expenditure on Defence by Transaction Type in Russia
Forecast: General Government Expenditure on Defence by Transaction Type in Russia
Forecast: General Government Expenditure on Defence by Transaction Type in Russia
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