Global General Government Procurement on Defence by Country

In 2024, the United States remained the largest contributor to General Government Procurement on Defence, although it experienced a slight decline of 0.0098%. Israel saw a significant reduction of 2.35%, whereas Lithuania achieved notable growth at 6.75%. Other countries with marked increases include Iceland at 42.5%, Romania at 5.23%, and Belgium at 4.71%. Conversely, Chile and Luxembourg faced declines of 4.04% and 2.05%, respectively. NATO countries like Estonia and Poland experienced moderate increases, while larger countries such as Germany and Japan showed stability or minimal changes. Over the past five years, the compound annual growth rate (CAGR) displays a mixed trend, reflecting varied national priorities in defence spending.

Future trends to watch for include:

• Potential increases in European defence budgets due to regional security concerns.
• Possible shifts in defence spending patterns in Asia-Pacific, driven by geopolitical dynamics.
• Monitoring technological advancements and their impact on procurement priorities.