Forecast: Government Expenditure on Military Defence by Government Level in Finland

In 2023, Finland's government expenditure on military defense stood at 2.72 billion euros. Over the previous decade, military spending has seen fluctuations, characterized by variations year-on-year. Since 2013, expenditure changes have included both significant increases, such as a 22.42% rise in 2020, and decreases, including an 8.97% drop in 2016. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 2.62%, indicating a moderate upward trend.

From 2024 onwards, forecasted data show a consistent but moderate increase in military spending, with the figure expected to reach 2.84 billion euros by 2028. The forecasted five-year CAGR is 0.69%, depicting a steady yet restrained growth pattern.

Future trends to watch for include potential shifts in military strategy or defense policy that could either accelerate spending growth or lead to more significant fluctuations. Geopolitical tensions and economic factors will likely play crucial roles in shaping future budget allocations.