North Macedonia plans to increase its Defence spending from $317M in 2022 to $542M by 2027 to facilitate the transition from the ageing Soviet-era equipment, some of which has been donated to Ukraine, to more modern systems.
According to GlobalData’s “North Macedonia Defence Market 2022-2027” report, while North Macedonia’s current spending of $317m is low compared to other NATO nations, the country is spending a high percentage of its GDP on defence (2.6%) – higher than some countries with greater economies such as a France and Germany, who spend a respective 1.9% and 1.8%.
North Macedonia; Government to boost Defence budget