From 2013 to 2023, Spain's General Government Investment in Defence exhibited volatility, with significant drops in 2014 (-39.51%) and 2018 (-18.16%), but also notable surges like in 2015 (74.15%) and 2016 (28.91%). Despite fluctuations, a gradual stabilization is evident from 2020. For 2023, the investment stands at 7.6 units, reflecting a modest year-on-year increase of 1.06% with a five-year CAGR of 2.37%, indicating slow but steady growth.
Future trends to watch:
- A projected steady increase till 2028, with a slight average annual growth (CAGR) of 0.77%.
- Potential geopolitical factors or policy changes influencing investment levels.
- Emphasis on modernizing technology and infrastructure in the defense sector.
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