Key Market Indicators
Burmese defense expenditure is projected to reach approximately $1.87 billion by 2028, up from around $1.86 billion in 2023. This represents an average annual growth rate of 0.1%. Since 1965, the country's defense spending has increased at an average rate of 4% per year. In 2023, Myanmar ranked 60th globally in defense expenditure, with Slovakia slightly ahead at the same spending level of $1.86 billion. China, Russia, and India held the second, third, and fourth positions, respectively, in the global defense expenditure rankings for 2023.
