Portugal Defense Industry Outlook 2024 - 2028

See how Portugal Defense performed compared to key markets such as the United States, China and Russia.

Key Market Indicators

Portuguese defense expenditure is slated to reach approximately $3.78 billion by 2028, up from around $3.59 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.8%. Since 1965, the nation's military spending has increased by an average of 2% per year. In 2023, Portugal ranked 47th in global defense expenditure. Austria surpassed Portugal with a similar figure of $3.59 billion. Leading the rankings, China, Russia, and India occupied the second, third, and fourth positions respectively in terms of defense spending.

Portugal Defense Market Data and Forecasts

How much will Portugal Defense Market grow to 2028?

Forecast: Military Expenditure in Portugal

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