Key Market Indicators
South Sudan's defense expenditure is projected to escalate to approximately $744 million by 2028, marking a sharp increase from around $441 million in 2023. This represents an annual growth rate of 8.2%. Since its independence in 2011, South Sudan has seen a significant rise in defense spending, with an annual increase of 24.2%. As of 2023, the country ranks 94th globally in defense expenditure, having been surpassed by Nepal at $441 million. In the global context, China, Russia, and India continue to hold the second, third, and fourth positions, respectively, in defense spending rankings.
