(MENAFNEditorial)
We expect Serbia to spend up to USD988mn on defence in 2014. On average since the start of this decade between the years 2011 and 2013 Serbia has spent an average of USD918.3mn on defence annually. We expect defence spending to fluctuate for the remainder of our forecast period up to and including 2019 with Serbia spending an average of USD1bn on defence throughout this period. Defence spending in Serbia is expected to reach USD1bn by 2019.
Serbia maintains a significantly sized defence industry considering the size of the country. This is a legacy from Yugoslavia's status as a non-aligned power during the Cold War when a policy of self-sufficiency in armaments product was maintained. The country's defence industry makes significant exports of materiel around the world. In particular it is a supplier of reliable yet comparatively inexpensive small arms and light weapons to many countries throughout Africa and also in the Asia-Pacific and Latin American regions. Regarding defence imports the value of Serbian imports of materiel have broadly reduced between 2011 and 2013. On average the country has performed defence imports worth USD2.9mn annually between 2011 and 2013. We expect the value of Serbia's defence imports to reach on average USD2.5mn annually up to 2019.
Full Report Details at
- http://www.fastmr.com/prod/944782_serbia_defence_security_report_2015.aspx?afid=101
We have given Serbia an overall security risk index of 62 for Q115. On average Serbia has scored an overall security risk index of 56 for the period November 2007 up to and including Q115. We believe that Serbia faces a moderate risk of experiencing a major terrorist attack we believe this to be the case regarding the country's susceptibility to criminal activity.
The Serbia 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 Serbia Defence & Security Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Serbian defence and security industry.
Key Benefits
* Benchmark BMI's independent defence and security industry forecasts on Serbia to test other views - a key input for successful budgetary and strategic business planning in the Serbian defence and security market.
* Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends regulatory changes and major deals projects and investments in Asia.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
Global and Regional Political Outlooks
A strategic overview of the world’s major political risks identifying countries facing leadership successions and nations at risk of upheaval inter-state conflict or separatism and insurgencies plus a summary of the world’s ‘wild card’ low-probability high-impact risks.
SWOT analysis
Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into Strengths Weaknesses Opportunities and Threats.
BMI industry Forecast scenario
Historic data series and forecasts to end-2019 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
* defence expenditure: Defence expenditure (local currency and USDbn); defence expenditure (% of total budget); defence expenditure per capita (USD); defence budget (local currency and USDbn).
* armed forces (to 2012): Manpower available for military service Manpower fit for military service Army Personnel Navy Personnel Air Force Personnel Total armed forces (‘000) (% population).
* arms trade: Arms and ammunition exports and imports (USDmn); Bombs grenades and missiles exports and imports (USDmn); Revolver and pistol exports and imports (USDmn); Military weapons excluding guns and swords exports and imports (USDmn).
Political Risk assessment
Drawing on BMI’s heritage of more than 25 years of Country Risk analysis this comprehensively evaluates the key risks to domestic politics and foreign relations focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk analysis
BMI’s proprietary Security Risk Indices provide investors with a reliable – and country-comparable – guide to conflict terrorism and criminal risk backed up by our analyst’s latest assessment of each component. Furthermore drawing on our Country Risk expertise we assess the state’s vulnerability to a serious – or prolonged – terrorist campaign.
Armed Forces spending/ expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces these include spending on international deployments WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
Competitive landscape
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries. The reports also provide a regional overview which details specific issues and flashpoints affecting the Americas along with potential risks in the coming year.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Sources
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