The forecast data for Norway's military expenditure from 2024 to 2028 shows a gradual decrease as a percentage of General Government Expenditure, starting from 3.63% in 2024 and reducing to 3.58% by 2028. Compared to 2023, this indicates a slight downward trend. Year-on-year variations show marginal decreases, ranging from -0.27% in 2024-2025 to -0.28% in 2027-2028. The last two years have seen consistent, negligible declines in spending. Over the past five years, the compound annual growth rate (CAGR) suggests a steady but minor reduction in the military expenditure proportion.
Future trends to watch for include geopolitical changes in Europe that may influence Norway’s defense budget, advances in military technology necessitating different allocation strategies, and national economic conditions impacting available government expenditure for defense.
