New Report Available: Spain Defence & Security Report Q4 2014
New Defense research report from Business Monitor International is now available from Fast Market Research
[UKPRwire, Thu Oct 02 2014] In our view, Spain faces low security risks in terms of international conflict, interstate conflict and criminal activity. The country's high scores in our security risk ratings are bolstered by Spain's friendly relations with international states and European neighbours as well as its decreasing involvement in Afghanistan.
BMI predicts that Spain will spend USD14.8bn on defence in 2014. Up to and including 2018, we expect Spain to spend on average USD14.2bn annually on defence. We expect a decline in defence spending in 2015 to USD14.2bn, and then to USD13.9bn the following year. The final two years of the forecast period could see Spanish defence spending increasing to USD14.2bn and USD14.5bn in 2017 and 2018 respectively.
We have given Spain an overall security risk rating of 82 for Q414. On average, the country has scored an overall security risk rating of 79 for the period January 2007 until Q414. We believe that Spain faces a very low risk of becoming involved in a major international conflict. That said, we do calculate that Spain faces a comparatively heightened risk of terrorist attack. However, the country's risk of experiencing major criminal activity we calculate as being low.
Full Report Details at
Spain has an interstate conflict risk rating of 97 for Q414 with the country scoring an average interstate conflict risk rating of 94 for the period January 2007 until Q414. There are several reasons why Spain has such a low risk rating in this regard. Firstly, the country is winding down its involvement in Afghanistan in line with NATO's overall goals in the Central Asian country. Secondly, Spain maintains excellent relations with its European neighbours and friendly relations with many other states around the world. While Spain and the United Kingdom do have a territorial dispute regarding the sovereignty of Gibraltar, both sides have agreed to manage and resolve this dispute diplomatically.
The procurement of new military platforms by Spain has been sporadic...
The Spain Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.
BMI's Spain Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Spanish defence and security industry.
* Benchmark BMI's independent defence and security industry forecasts on Spain to test other views - a key input for successful budgetary and strategic business planning in the Spanish defence and security market.
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