Key Market Indicators
Belarus is projected to increase its defense expenditure to approximately $914 million by 2028, up from around $837 million in 2023. This marks a steady annual growth rate of 1.4%. Since the turn of the century, Belarus has experienced an average annual increase of 3.3% in defense spending. In the global rankings for defense expenditure in 2023, Belarus held the 77th position, with Estonia surpassing it with a similar budget of $837 million. On the international stage, China, Russia, and India secured the second, third, and fourth positions respectively in defense spending.
