Croatia Defence & Security Report Q1 2015
Croatia will spend USD794.8mn on defence in 2014, rising to USD797.4 in 2015, according to our calculations. On average, the country has spent USD890.8mn annually between 2011 and 2013. During this period, the country's defence budget has steadily declined. This reduction in spending has occurred as the result of a general contraction in the Croatian economy. For the rest of the forecast period, we expect Croatia to spend an average of USD825.7mn on defence annually between 2015 and 2019 with the defence budget reaching USD864.6mn in the 2018/19 timeframe.
Croatia maintains three distinct armed forces; the Croatian army, navy and air defence force. On average, these three armed forces combined have maintained a numerical strength of 31,800 personnel between 2001 and 2011, although during this period, the overall size of the armed forces has declined.
Although Croatia has a small defence manufacturing base, it maintains a defence trade surplus. In 2014, we expect Croatia's defence trade surplus to reach USD85.7mn, rising to USD87.3 in 2015. For the remainder of the forecast period, we anticipate that Croatia's defence trade surplus will be worth USD90.4mn on average annually. Croatia performs significant arms exports, given the size of the country's defence manufacturing base. In particular, the country has a known competence in the field of small arms and light weapons, in addition to the upgrade and retrofit of military vehicles. Croatia's...
BMI's Croatia Defence & Security Report examines the military and security dynamics of this Balkan nation. The report provides a comprehensive overview of the security challenges faced by Croatia, now and in the future. Several aspects of Croatia's defence and security posture are examined, including its defence procurement processes, military posture and strategic risks. The report suggests that despite the current financial challenges faced by the country, Croatia is broadly continuing on a path of military modernisation.
BMI Industry View
Croatia Security SWOT
Croatia Defence & Security SWOT
Table: Defence Expenditure (Croatia 2011-2018)
Table: Defence Expenditure Scenario - Changing % Of GDP (Croatia 2011-2018)
Table: Manpower Available For Military Service (aged 16-49 unless otherwise stated) (Croatia 2011-2018)
Table: Armed Forces Personnel (Croatia 2003-2011)
Table: Defence Trade Balance (USDmn) (Croatia 2011-2018)
Table: Defence Exports (USDmn) (Croatia 2011-2018)
Table: Defence Imports (USDmn) (Croatia 2011-2018)
Table: Croatia - Economic Activity
Industry Risk Reward Ratings
Europe Security Risk Ratings
Table: Europe Regional Security Risk Ratings
Table: Europe State Vulnerability To Terrorism Index
Croatia Security Risk Ratings
Croatia Defence Market Overview
Domestic Defence Industries
Weapons of Mass Destruction
Croatia Security Overview
Europe Security Overview
Global Industry Overview
Global Political Outlook
Industry Forecast Methodology
Security Risk Ratings Methodology
Table: Indicators And Weighting
This report does not have a list of Companies Mentioned available
This report does not have a press release associated with it