Uzbekistan to increase military expenditure by 9.48% by 2019

29/12/2014 | Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- Strategic Defense Intelligence published a report ‘The Future of the Uzbek Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019’.

The report said that over the historic period, Uzbek defense expenditure registered a growth rate of 11.65%, increasing from US$1.4 billion in 2010 to US$2.2 billion in 2014.

Uzbekistan’s military expenditure, valued at US$2.4 billion in 2015, is expected to increase to US$3.4 billion by 2019, registering a CAGR of 9.48% over the forecast period, the report added.

Uzbekistan’s military expenditure will be driven by the procurement of better defense systems and efforts to combat terrorist threats.

Stay up to date with the latest news

Subscribe to our telegram channel