Key Market Indicators
Romania's defense expenditure is projected to climb to approximately $5.4 billion by 2028, up from around $5.2 billion in 2023. This marks an average annual growth rate of 0.5%. Since 1965, Romania's demand for defense spending has increased by an average of 3.7% annually. In 2023, Romania ranked 37th globally in defense expenditure, falling behind Denmark, which overtook it with a similar budget of about $5.2 billion. In the global ranking, China, Russia, and India held the second, third, and fourth positions, respectively.
