Key Market Indicators
Slovene defense expenditure is projected to rise to approximately $900 million by 2028, up from around $770 million in 2023. This represents a compound annual growth rate (CAGR) of 2.4%. Since 1997, Slovenia has experienced an average annual increase of 7.8% in defense spending. In 2023, Slovenia was ranked 79th globally in defense expenditure. Armenia narrowly surpassed Slovenia with a similar budget of $770 million. Leading the global rankings, China, Russia, and India occupied the second, third, and fourth positions, respectively.
