Forecast: General Government Procurement on Defence in Germany

Germany's General Government Procurement on Defence has seen various fluctuations from 2013 to 2023, marked by significant decreases in the early years, followed by a period of stabilization. In 2023, the procurement expenditure stood at 4.01 units. A notable decrease of 8.41% occurred in 2013, with further negative variation in 2014. From 2017 onward, minor increases and decreases balanced each other out, leading to a relatively stable trend. The last recorded CAGR over five years shows a slight negative growth of -0.49%.

Looking forward, the forecasted data from 2024 to 2028 suggests a modest continuous decline, with a forecast 5-year CAGR of -0.15% and an overall negative growth rate of -0.75%. This indicates a modest reduction in defence procurement expenditure, stabilizing around 3.98 by 2028.

Future trends to watch for include potential geopolitical developments that could lead to a change in defence procurement priorities, technological advancements necessitating new investments, and fiscal policies impacting defence budgets. Additionally, observing the broader economic landscape and changes in governmental policies will be crucial in anticipating further variations in defence procurement spending in Germany.