Forecast: General Government Expenditures on Defence in Italy

Based on the data provided, Italy’s general government expenditures on defense are forecasted to steadily increase from $36.39 Billion US Dollars PPP in 2024 to $38.67 Billion US Dollars PPP in 2028. Year-on-year variations between 2024 and 2028 show a consistent upward trend. From 2024 to 2025, the expenditure is expected to rise by 1.62%, followed by a 1.54% increase from 2025 to 2026. The upward trend continues with a 1.49% increase from 2026 to 2027 and a 1.47% rise from 2027 to 2028. Over the five-year period, the average increase or Compound Annual Growth Rate (CAGR) is approximately 1.53% annually.

In 2023, the actual defense expenditure stood at $35.82 Billion US Dollars PPP, indicating a growth of 1.59% from 2023 to 2024. Comparing the last two years, the defense budget grew moderately yet consistently.

Future trends to watch for include potential increases due to geopolitical tensions, evolving national security threats, and Italy’s commitments to international defense partnerships such as NATO. Additionally, inflationary pressures and economic conditions may influence the actual expenditures compared to forecasted values.