Global Defense Spending Annual Snapshot
Africa, Latin America, and Middle East

In this latest white paper from Forecast International, our analysts reveal defense spending trends in regions representing 13% of the global defense landscape — Africa, Latin America, and the Middle East. This complimentary resource delves into compelling insights, including:

Africa: Africa spent $39.2 billion on defense in 2023, with steady growth of almost 4%. Burkina Faso, Niger, and Mali increased spending due to deteriorating security, receiving backing from Russia as UN and Western forces exited.

Latin America: Despite a resilient economic recovery, Latin America's defense spending constituted 2.8% of the global total, facing constraints due to enlarged national debt obligations, persistent challenges, and political transitions.

Middle East: Middle Eastern states spent $163 billion on defense in 2023 (7.7% of global spending). Israel's budget rose significantly amid conflicts, and the region's defense budgets are expected to grow through 2028, reaching $193.4 billion collectively.

Download other parts of this series on our White Paper page HERE.

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