Forecast: Defence Revenue in Malaysia

The defense revenue in Malaysia experienced fluctuating patterns from 2013 to 2023, peaking at 9.29 billion Malaysian Ringgits in 2017 and dipping to 8.03 billion in 2019. By 2023, it stood at 8.54 billion Malaysian Ringgits. The year-on-year variation over the last two years showed a slight growth of 0.54%. The average variation per year (CAGR) over the last five years was 0.97%. Projections for the next five years (2024-2028) indicate very modest growth with an anticipated CAGR of 0.2% and a growth rate of 1.01%.

Future trends to watch for include potential impacts of geopolitical shifts, changes in defense policy, and technological advancements in defense capabilities. Ensuring sustainable growth in defense revenue while balancing budget allocations will be critical.