Forecast: General Government Procurement on Defence in Italy

The General Government Procurement on Defence in Italy has fluctuated over the past decade. Between 2013 and 2016, there was a significant increase, peaking in 2016 with a year-on-year growth rate of 29.21%. This was followed by volatility from 2017 to 2022, with procurement values either decreasing or experiencing modest increases. Notably, in 2018, there was a substantial drop of 11.62%. As of 2023, the procurement value stood at 3.64 units. The last two years showed modest but consistent growth rates of around 0.83%. The five-year CAGR up to 2023 is 2.17%, reflecting moderate annual growth overall. Forecasts suggest continued flat growth, with a 5-year projected CAGR of 0.65% from 2024 to 2028, indicating stable but slow growth.

Future trends to watch for:

• Changes in government policy and budget allocations for defense.
• Potential geopolitical shifts impacting national security priorities.
• Technological advancements necessitating new procurement strategies.
• Global economic conditions that could affect defense procurement budgets.