Spain Defence & Security Report Q1 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Dec 11 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's Spain Defence & Security report examines Spain's defence procurement priorities in detail. It also provides information regarding Spanish defence spending levels, the posture and doctrine of the country's armed forces and Spanish defence and security priorities.

We expect Spain to spend USD14.9bn on defence in 2014. On average, the country has spent USD12.9bn annually on defence between 2011 and 2013. The level of defence spending has fluctuated during this period as a direct result of Spain's ongoing recession. For the remainder of the forecast period up to 2019, we expect Spain to spend USD14.3bn on defence annually, with the spending levels reaching USD14.7bn in the 2018/19 timeframe.

Full Report Details at

We have given Spain an overall security risk index score of 79 out of 100 for Q115. On average, the country has scored 79 for the period January 2007 to Q115. Spain faces a low risk of becoming involved in any major interstate conflict. That said, there is a comparatively higher risk of a major terrorist attack. The country's susceptibility to significant criminal activity is judged to be comparatively low.

Spain did not perform any significant defence procurement activity in Q414. However, in terms of military deployments, it announced in October 2014 that it would deploy military instructors to help train and mentor Iraqi army cadres as part of US-led efforts to halt and reverse the advance of the ISIS militant Islamist organisation across Iraq. In addition, in September 2014, Spain announced that it would deploy a battery of Patriot surface-to-air missiles to Turkey to help that country defend its airspace against any fallout from the...

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.

Key Benefits

* 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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