Key Market Indicators
Czech Defence Expenditure is projected to rise significantly in the coming years, reaching approximately $5.9 billion by 2028. This marks a substantial increase from the $4.4 billion budgeted in 2023. The annual growth rate over this period averages around 4.6%. Since 1998, the Czech Republic has experienced an average annual increase in defence spending of 10.2%. This upward trend reflects the country’s ongoing commitment to bolstering its military capabilities. On the global stage, China, Russia, and India rank just ahead of the Czech Republic in terms of defence expenditure, holding the second, third, and fourth positions respectively.
