Forecast: General Government Procurement on Defence in the Netherlands

The general government procurement on defense in the Netherlands displayed an overall upward trend from 2013 to 2023. While there were occasional declines, such as in 2014 (-3.04%) and 2020 (-0.31%), the trend largely saw positive year-on-year variations, peaking at 11.5% in 2019. By 2023, the procurement value stood at 3.41 units, with a 2.1% increase from the previous year and a CAGR of 3.51% over the past five years. Looking ahead, forecasts indicate a more modest growth rate, with a forecasted 5-year CAGR of 1.66% and an overall growth rate of 8.6% by 2028.

Future trends to watch for include the potential impact of geopolitical developments and technological advancements on defense procurement. Additionally, budgetary constraints and policy changes could further influence the procurement dynamics. Monitoring these factors will be crucial in anticipating shifts in expenditure patterns over the coming years.