Key Market Indicators
Swiss defence expenditure is expected to increase by around $540 million by 2026. Last year, the country ranked 35th in the world with $5.35 billion. Romania overtook Switzerland with $5.35 billion. China, India, and Russia came in at second, third, and fourth, respectively, in the ranking. On average, defence spending has grown by 3.2% year-on-year since 1965. Over the next five years, expenditure is projected to increase by 1.3% annually, reaching $5.89 billion by 2026.