Key Market Indicators
Jordan's defense expenditure is projected to hit approximately $2.8 billion by 2028, up from around $2.4 billion in 2023. This marks an average annual growth rate of 2.4%. Historical data indicates that since 1965, Jordanian defense spending has increased at an average rate of 4.2% per year. In the global ranking for defense budgets in 2023, Jordan stands at 57th place. Ecuador narrowly surpassed Jordan with a defense expenditure of roughly $2.4 billion in the same year. Among the leading nations, China, Russia, and India secured the second, third, and fourth positions, respectively.
