Key Market Indicators
Irish defense expenditure is projected to rise to approximately $1.22 billion by 2028, up from $1.17 billion in 2023. This represents an average annual growth rate of 0.7%. Historically, Ireland's defense spending has increased by an average of 1.2% per year since 1965. In the global rankings for 2023, Ireland placed 70th, with Tunisia surpassing it at a similar expenditure level of $1.17 billion. Leading the global rankings, China, Russia, and India secured the second, third, and fourth positions respectively in defense spending.
