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Finland Defense Industry Outlook 2024 - 2028

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

Key Market Indicators

By 2028, Finnish defense expenditure is projected to reach approximately $5.4 billion, up from around $4.9 billion in 2023. This represents an average annual growth rate of 1.4%. Since 1965, Finland's defense spending has shown a consistent upward trend, increasing by an average of 5.5% each year. In the global ranking for 2023, Finland occupied the 40th position in terms of defense expenditure. Bangladesh ranked just ahead of Finland, matching its defense budget at approximately $4.9 billion. Leading the global defense spending rankings were China, Russia, and India, holding the second, third, and fourth positions, respectively.

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Finland Defense Market Data and Forecasts

How much will Finland Defense Market grow to 2028?

Forecast: Military Expenditure in Finland
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