Key Market Indicators
France is set to spend a total of $51.7 billion on defence in 2026. This is a 0.3% year-on-year increase from the $49.9 billion spent in 2021, growing at an average annual rate of 1.1% since 1965. In 2021, France was in eighth place in terms of defence spending, overtaken by Germany with $49.9 billion. China, India, and Russia came in at second, third, and fourth, respectively.