The Military Expenditure in the Philippines stood at $3.8716 Billion in 2023. This value is set to grow steadily over the next few years with forecasted values of $3.9522 Billion in 2024, $4.0312 Billion in 2025, $4.1086 Billion in 2026, and $4.1845 Billion in 2027. The year-on-year percentage increase from 2023 to 2024 is approximately 2.08%, from 2024 to 2025 is 2%, from 2025 to 2026 is 1.92%, and from 2026 to 2027 is 1.85%. Over the last five years, the compound annual growth rate (CAGR) stands at an average of 2.03%.
Future trends to watch for include geopolitical developments in the Asia-Pacific region, internal security challenges, and governmental policy changes which may influence the allocation and prioritization of military expenditure.
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