Forecast: R&D Budget for Defence in Finland

The R&D Budget for Defence in Finland has fluctuated over the past decade, with notable year-on-year variations. Starting from a low point in 2013, the budget increased moderately until 2019, peaking in 2018. However, a sharp decline was observed in 2020, followed by mixed trends in subsequent years. In 2023, the value stood at 2.01 in unit of Total GBARD, with a slight rise of 4.2% from 2022. The last five years witnessed an average annual decline (CAGR) of -3.78%.

Looking forward, the forecast for 2024-2028 anticipates a relatively stable budget with a minimal average annual growth rate (CAGR) of 0.07%, implying slight year-on-year increases. Future trends to watch for include geopolitical developments, changes in national defence priorities, and potential increases in funding due to emerging threats or technological advancements.