Key Market Indicators
French defense expenditure is projected to climb to approximately $56.5 billion by 2028, up from $54.1 billion in 2023. This marks an average annual growth rate of 0.7%. Since 1965, French defense spending has consistently increased by an average of 1% per year. In 2023, France ranked eighth in global defense expenditure, with Germany surpassing it at $54.1 billion. On the international stage, China, Russia, and India held the second, third, and fourth positions, respectively, in defense spending rankings for 2023.
