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.
