Forecast: Defence Budget on R&D in Finland

Based on the data provided, Finland's defence budget on R&D saw significant fluctuations between 2013 and 2023. The budget peaked in 2019 at 2.47 units but experienced significant dips in 2015, 2020, and more recently in 2022. By 2023, it stood at 2.01 units, recording a 4.2% year-on-year increase. The five-year CAGR from 2018 to 2023 stands at -3.78%, revealing a downward trend.

Looking forward, the forecast data from 2024 to 2028 suggests a slight recovery and stabilization, with the defence R&D budget growing modestly at a 0.07% CAGR over five years. The forecasted budget remains static at 2.01 units in 2024 but slightly increases to 2.02 units by 2027-2028.

Future trends to watch for:

• Potential impact of global security dynamics on budget allocations.
• Innovation and technological advancements requiring increased R&D investment.
• Government policy shifts towards defence and research funding.
• Evolving geopolitical threats that may necessitate higher R&D spending.