Forecast: Military Expenditure in United Arab Emirates

The military expenditure in the United Arab Emirates has exhibited a decreasing trend over the past decade. From 2013 to 2023, the expenditure as a unit of general government expenditure decreased consistently, showing a year-on-year decline notable every year after 2014. The expenditure in 2023 stood at 16.08 units. Over the last two years, the trend continued with reductions of roughly 0.99% and 0.98%, respectively.

The compound annual growth rate (CAGR) of -1% over the last five years underscores this persistent decline. Projected data for the next five years suggests the forecasted CAGR will slightly improve to -0.84%, but the overall expenditure will nevertheless continue its downward trajectory, reducing by approximately 4.15% by 2028.

Future trends to watch for:

• Potential geopolitical developments in the region affecting defense policies.
• Evolving defense procurement strategies and technological advancements.
• Shifts in government budget priorities and economic conditions impacting defense spending.
• International defense alliances or agreements that may influence expenditure needs.