Key Market Indicators
Danish defense expenditure is projected to hit approximately $5.85 billion by 2028, rising from around $5.53 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.9% year-on-year. Since 1965, Denmark's defense spending has seen a consistent annual increase of 4%. In 2023, Denmark ranked 36th globally in defense expenditure, with Chile narrowly ahead at the same figure of approximately $5.53 billion. Leading the global rankings, China, Russia, and India held the second, third, and fourth positions respectively.
