In 2023, the government expenditure on defence in Finland stood at 3.14 billion euros. Forecasted data for the years 2024 to 2028 indicate a steady increase in defence spending. Year-on-year variations show a consistent rise: 0.95% from 2023 to 2024, 0.95% from 2024 to 2025, 0.94% from 2025 to 2026, 1.24% from 2026 to 2027, and 0.92% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 0.98%.
Future trends to watch for include potential shifts in geopolitical dynamics which could influence further increases or reallocations in defence budgets, as well as evolutions in technology that may require additional investments in advanced defence systems.
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