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Canada Defense Industry Outlook 2022 - 2026

See how Canada Defense performed compared to key markets such as the United States, China and India.

Key Market Indicators

Canada is set to spend $24.2 billion on defence in 2026, an increase of 1.2% year-on-year since 1965. In 2021, Canada ranked 13th in terms of defence expenditure, overtaken by Australia with $22.1 billion. China, India and Russia were ranked 2nd, 3rd and 4th respectively.

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Canada Defense Market Data and Forecasts

How much will Canada Defense Market grow to 2026?

Forecast: Public Administration and Defence, Compulsory Social Security Output in Canada
Forecast: Fixed Investment in Machinery and Equipment and Weapon System in Canada
Forecast: Fixed Investment in Machinery and Equipment and Weapon System in Canada
Forecast: Fixed Investment in Machinery and Equipment and Weapon System in Canada
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