Forecast: General Government Procurement on Defence in Denmark

The General Government Procurement on Defence in Denmark shows a pattern of moderate variability over the analysis period. From 2013 to 2023, the expenditure experienced fluctuations, with notable decreases observed in 2014 by -14.43% and in 2019 by -3.11%. However, there were positive trends in several years such as 2017 (14.06%) and 2016 (5.16%). For 2023, the value stood at 5 units, maintaining this level consistently since 2021. The compound annual growth rate (CAGR) from 2017 to 2022 was mostly negative, indicating a slight overall decline.

Looking ahead to the forecasted period from 2024 to 2028, the procurement values are projected to remain nearly stable around 5 units, with a marginal average annual decrease at a forecasted 5-year CAGR of -0.04%. The forecasted 5-year growth rate from 2023 to 2028 is predicted to be -0.2%, suggesting a slight decline.

Future trends to watch for include potential shifts in defense procurement policies influenced by geopolitical developments and domestic budgetary changes. Any increase in global or regional threats could lead to adjustments in the forecasted expenditures. Additionally, technological advancements and NATO commitments may necessitate changes in procurement strategies.