Turkey Defence and Security Report Q2 2014

Business Monitor International
February 26, 2014
95 Pages - SKU: BMI5210430
Countries covered: Turkey

Turkey Defence and Security Report Q2 2014

BMI believes that the Turkish defence budget will increase to US$19.4bn in 2014, before rising once againto US$21.7 in 2015. We expect Turkey's defence budget to continue increasingly in the final three years ofour forecast period, climbing to US$23.6bn in 2016, US$26.6bn in 2017 and completing the forecast periodto US$29.7 in 2018. Moreover, in 2014, BMI expects that the defence budget will increase to 2.4% of GDPin 2014 rising to 2.7% by 2018.

Turkey is a net exporter of defence equipment, exporting on average US$162.8mn of military equipmentand defence services between 2010 and 2013. While the country does import quantities of materiel from theinternational arms market, it is emerging as a major exporter of military equipment. In particular, thecountry is showing its expertise in the production of defence electronics and also naval shipbuilding. Thatsaid several large platforms such as main battle tanks, multirole combat aircraft and surface-to-air missilesare imported from foreign suppliers.



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