Key Market Indicators
Bosnian defense expenditure is projected to decline slightly by 2028, reaching approximately $181 million. This marks a decrease from the current spending level of about $184 million in 2023, with a compound annual growth rate (CAGR) of -0.3%. Since 2007, Bosnia's defense spending has seen a modest annual increase of 1.4%. Despite this upward trend, the country is expected to experience a slight downturn in the coming years. In the global ranking of defense budgets for 2023, Bosnia stands at 115th place. Trinidad and Tobago is just ahead, matching Bosnia's $184 million expenditure. The top spots are occupied by China, Russia, and India, which rank second, third, and fourth respectively.
