In 2023, military expenditure in Canada stood at 2.87% of the General Government Expenditure. Over the period from 2013 to 2023, the spending showed fluctuations, with notable increases in 2015 and 2017, and significant decreases in 2020. The year-on-year variation for 2023 was a slight decrease at -0.16%. The CAGR (Compound Annual Growth Rate) over the past five years reflects a slight negative trend, standing at -2.38%.

Future trends to watch for:

Stabilization: The forecast indicates stable military expenditure from 2024 to 2028.
Economic factors: Any significant economic changes could impact future allocations.
Geopolitical dynamics: International relations and security concerns may alter planned spending trajectories.