Key Market Indicators
Greek defense expenditure is projected to reach approximately $8.2 billion by 2028, up from about $8.1 billion in 2023. This marks a modest annual growth rate of 0.1% over the period. Since 1965, Greece has seen a significant increase in defense spending, with an average annual growth rate of 7.1%. In the global ranking for 2023, Greece stands at the 28th position. Notably, Kuwait slightly surpasses Greece with an expenditure of around $8.1 billion. Leading the global defense spending rankings are China, Russia, and India, occupying the 2nd, 3rd, and 4th positions, respectively.
