In 2023, general government expenditure on defense in Belgium was 1.00% of GDP. From 2024 to 2028, this expenditure is projected to steadily increase from 1.05% to 1.14% of GDP. Year-on-year, the forecasted variations show a consistent upward trend: 2.86% from 2024 to 2025, 1.85% from 2025 to 2026, 2.73% from 2026 to 2027, and 0.88% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 2.1% per year.
Future trends to watch for include the impact of geopolitical developments on defense spending, changes in government policies and budget allocations, and technological advancements in defense that may influence funding priorities. Monitoring these factors will be crucial for understanding the long-term trajectory of Belgium's defense expenditure. Additionally, any shifts in NATO commitments and European defense collaboration could also significantly affect future budget plans.
- 2023: 1.00% of GDP
- 2024: 1.05% of GDP
- 2025: 1.08% of GDP
- 2026: 1.10% of GDP
- 2027: 1.13% of GDP
- 2028: 1.14% of GDP
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