Key Market Indicators
Austrian defense expenditure is projected to increase to approximately $3.84 billion by 2028, up from around $3.67 billion in 2023. This represents an average annual growth rate of 0.8%. Since 1965, Austria's defense spending has seen a steady rise, with an average yearly increase of 1.6%. In the global ranking for defense expenditure in 2023, Austria was positioned at number 46. Malaysia, with a defense budget matching Austria's $3.67 billion, edged out the country in the rankings. Leading the global defense expenditure rankings were China, Russia, and India, holding the second, third, and fourth positions, respectively.
