Key Market Indicators
Mozambique is set to spend an estimated $208.9 million on defence by 2026, up from $168.1 million in 2021, according to recent figures. The country’s defence expenditure has grown, on average, by 2.1% annually since 1982. Last year, Mozambique ranked 112th in the world, with Equatorial Guinea coming in ahead of it at $168.1 million. China, India and Russia were the top three defence spenders in 2021.