Budget Brief: Asia-Pacific Defense Growth Back On Track

RAAF F-35 and budget data
Credit: Australian Associated Press/Alamy/Aviation Week Network
Between 2005 and 2020, global defense budget growth was primarily driven by the Asia-Pacific region. Through that period regional spending grew at an average rate of 4.9% in real terms compared to 0.5% in Europe and 1.2% in the U.S. Asian defense spending increased every year during this period...
Craig Caffrey

Craig is the head of Aviation Week Network's defense data team responsible for managing the company’s defense databases and leading on related consultancy projects.

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Budget Brief: Asia-Pacific Defense Growth Back On Track is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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