In 2023, Spain's arms exports stood at 791.34 million US dollars, constant 1990. The forecasted values for the next five years show incremental growth: 803.76 million (2024), 817.22 million (2025), 830.54 million (2026), 843.73 million (2027), and 856.78 million (2028). Year-on-year growth rates are approximately:
• 2024: 1.57%
• 2025: 1.67%
• 2026: 1.63%
• 2027: 1.59%
• 2028: 1.54%
The average Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 1.60%.
Future trends to watch include geopolitical shifts that may impact Spain's traditional arms markets, the potential increase in defense budgets globally, and technological innovations in military equipment that could bolster export values.
