Key Market Indicators
British defence spending is set to remain relatively flat until 2026, according to new projections. The UK is currently the sixth-highest defence spender in the world. It spent an estimated £45.3 billion ($55.3 billion) in 2021, a slight decrease from the previous year. Since 1965, Britain's defence expenditure has grown by an average of 0.7% each year. Meanwhile, Russia was the highest spender in 2021, with an estimated $55.3 billion. China, India and Russia followed in second, third and fourth place respectively.
The United Kingdom Defense Market Data and Forecasts
How much will the United Kingdom Defense Market grow to 2026?
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