Key Market Indicators
Malaysia's defense expenditure is projected to climb to approximately $3.72 billion by 2028, up from around $3.68 billion in 2023. This marks a modest average annual growth rate of 0.2%. Historically, Malaysia's defense spending has experienced a yearly increase of 1.3% since 1965. In the current year, Malaysia holds the 45th position globally in terms of defense expenditure. The Philippines recently surpassed Malaysia with a defense budget of roughly $3.68 billion. On the global stage, China, Russia, and India occupy the second, third, and fourth positions, respectively.
