Key Market Indicators
Romania is set to increase its defense expenditure to around $6.7 billion by 2026. This marks an average annual growth rate of 3.1% since 1965, when the country's demand was 15.4% higher than it is today. In 2021, Romania came in at 34th place in the world ranking of defense spending, overtaken by Ukraine at $5.4 billion. China, India and Russia followed at 2nd, 3rd and 4th place respectively.
Romania Defense Market Data and Forecasts
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