Key Market Indicators
Iraq's defence spending is set to increase by 2% annually over the next five years. In 2021, the country is 26th in the world rankings, with Norway overtaking them at $7,033,700,000. China, India and Russia come in as the world's top three defence spenders. Iraq's defence expenditure has been steadily rising since 1965, with an average growth rate of 3.3% year-on-year. By 2026, the country is expected to spend around $8.2 billion.
Iraq Defense Market Data and Forecasts
How much will Iraq Defense Market grow to 2026?
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