Forecast: General Government Expenditures on Defence in the Netherlands

Between 2013 and 2023, the general government expenditures on defense in the Netherlands saw varying trends. Starting from a value of 1.14% of GDP in 2013, the rate dipped slightly to 1.09% in 2014, and then fluctuated mildly between 1.12% and 1.26% up to 2023. Notable year-on-year changes include a significant rise in 2019 by 7.69%, followed by a minor decline of 2.38% in 2020. The last two years saw stability with no year-on-year variation in 2022 and 2023 at 1.24%. Over the latest five-year period (2019-2023), the compound annual growth rate (CAGR) was 1.17%, indicating slow but steady growth.

Looking ahead, from 2024 onwards, the forecast indicates a gradual increase, reaching 1.26% of GDP by 2028. The expected CAGR for these years is 0.32%, reflecting a modest positive trend. Future trends to watch for include potential adjustments in response to geopolitical developments and economic conditions, which may lead to either an increase or stabilization in defense expenditures.