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Czech Republic Defence and Security Report 2016

Czech Republic Defence and Security Report 2016

BMI View: We expect the Czech Republic's defence budget to start increasing again in absolute terms inthe next five years. This is in large part a result of the healthy growth the country has been experiencingsince the beginning of 2015. It will be driven in the coming years by the increasing threat represented byRussia in the region, and the Czech government's desire to be able to respond to the security and defencechallenges of the region in accordance with its membership with EU and NATO. As such, defence spendingwill in turn increase the number of procurements as well as investment in the domestic defence sector, thusexpanding opportunities for both international and national companies operating in the defence sector.

The Czech Republic's defence budget has severely suffered, since 2008, from the global financial crisis. Insteep decline between 2009 and 2010, and then in constant, smaller, decrease between 2011 and 2014, thebudget had reached 1% share of the GDP and USD1.8bn. The year 2015 has, however, seen a very healthygrowth of the Czech economy, with a real GDP growth of 4.1%, and we expect that this will continue in thecoming years. As such, the Czech government has decided to significantly increase its defence budget in2015, an increase that we expect will be constant over the medium term.

BMI Industry View
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Czech Republic 2012-2019)
Armed Forces
Table: Manpower Available For Military Service (Czech Republic 2012-2019)
Table: Armed Forces Personnel (Czech Republic 2005-2012)
Defence Trade
Table: Defence Trade Balance (USDmn) (Czech Republic 2012-2019)
Table: Defence Exports (Czech Republic 2012-2019)
Table: Defence Imports (USDmn) (Czech Republic 2012-2019)
Industry Risk Reward Index
Industry Risk Reward Index
Table: Europe Defence Risk Index
Market Overview
Defence Market Overview
Domestic Defence Sector
Domestic Market
Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons Of Mass Destruction
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Table: Weighting of Defence Risk Reward Index

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