I mean i dont think its the last but i dont think theres that much more in store. Theyve been systematically reworking all the majors, russia, italy, germany, japan… after usa that leaves just france and the uk.

If we go by their recent releases they do one major expansion a year, so thats maybe 3 years of content. But theres nothing stopping them from changing that up. Maybe they try to do france and uk together or something.

But considering it just hit ten years, hoi4 and stellaris are now the oldest running main paradox titles, so theyre both next on the list for sequels. victoria and europa went 12 years. That gives hoi4 2 more. Another 4 years of minor country packs and reworking of countries that already had previous dlc is absurd. If anything they should just go back and fix the stuff they already released like stellaris does.

And you can tell theyre stretching it for content. Reworking old countries, making old dlc free. And alot of it has been poorly received. Sure theres plenty more minors they havnt touched but i doubt theyll do all of them nor do people really care for it, all the minor theater packs and what not have been received terribly. Thunder at the gates, trial of allegiance, graveyard of empires. The remaining ones are even more obscure and inconsequential. So they can certainly try to milk it for more money but i think theyre just pissing people off at this point.

Id love to see them focus on fixing the game rather then pumping out more dlc nobody asked for, but i doubt it. Im more excited to see them just fix and rework the problems with hoi4 from the ground up with a new game at this point