Forecast: Central Government Expenditures on Defence in Germany

From 2013 to 2023, Germany's central government expenditures on defence have exhibited a general upward trend. Despite minor fluctuations, the overall pattern indicates steady growth. By 2023, this expenditure stood at 9.45, marking an incremental increase from the previous year. Notable year-on-year variations include a decrease in 2014, a consistent rise from 2017 to 2020, and slight moderation thereafter. The compound annual growth rate (CAGR) over the past five years has averaged at 1.18%, reflecting gradual but consistent escalation.

Forecasting into the future, the data anticipates further increases, with expenditure projected to reach 10.02 by 2028. Over the next five years, the predicted CAGR is 0.92%, which translates to an overall growth rate of 4.7% by 2028. This suggests a continuity in the upward trend, albeit at a steady pace.

**Future trends to watch for:**

• Geopolitical developments and their potential impacts on defense budgets.
• Changes in government policy and defense strategies driving investment.
• Technological advancements necessitating higher defense expenditures.