Key Market Indicators
Bahrain's defense budget is projected to decline to approximately $1.27 billion by 2028, down from $1.36 billion in 2023, marking an average annual decrease of 1.1%. Since 1976, Bahrain's defense spending has seen a steady decline, averaging a 2.3% decrease each year. In 2023, Bahrain was ranked 67th in global defense expenditure, with Kazakhstan surpassing it by matching the $1.36 billion mark. In the broader context, China, Russia, and India held the second, third, and fourth positions respectively in global defense spending rankings.
