Key Market Indicators
Albania's defense expenditure is projected to hit approximately $334 million by 2028, marking a steady increase from around $296 million in 2023. This represents an average annual growth rate of 1.9%. Since 1997, the demand for defense spending in Albania has surged by 11% each year. In the global ranking for 2023, Albania stood at 104th place. Just ahead of Albania was Zambia, with a similar defense budget of $296 million. Leading the global defense expenditure rankings were China, Russia, and India, occupying the second, third, and fourth spots respectively.
