Market Research Logo

Iraq Defence and Security Report 2015

Iraq Defence and Security Report 2015

BMI View: We forecast Iraqi defence expenditure to expand steadily over the next five years, reachingUSD24.6bn by 2019.This figure remains moderate on a global comparison - due to the Iraqi economy'scontinued deterioration amid elevated levels of instability - however, as a percentage of overall GDP, themilitary budget makes up a very high 8.7% - reflecting the continued demand for funding of Baghdad'scounter-offensive against IS. As the country does not maintain a significant domestic defence industry (andinvestment into the development of local military manufacturing capabilities is unlikely to be forthcomingamid the ongoing instability), we expect the government to remain wholly reliant on defence imports incoming years - sourcing the majority of equipment from the US.

The demand for military equipment remains high in Iraq amid elevated levels of violence, terrorism,political instability and crime. Over the forecast period to 2019, we expect the counter-offensive against ISto be a key driver of defence spending. With financial assistance from the US, we forecast the country'sdefence budget to amount to USD17.5bn in 2015, representing a y-o-y increase of 7.8% in US dollar terms.

BMI Industry View
SWOT Analysis
Defence SWOT
Operational Risk
Industry Forecast
Defence Expenditure
Table: Iraq - Defence Expenditure (2013-2019)
Armed Forces
Table: Iraq - Armed Forces Personnel (2003-2011)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Iraq 2010-2019)
Industry Risk Reward Index
Defence Industry Risk Reward Index
Table: Middle East and North Africa - Defence Industry Risk Reward Index
Market Overview
Defence Market Overview
Domestic Defence Industry
Defence Market
International Partnerships
Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons Of Mass Destruction
Regional Overview
Middle East And North Africa Security Overview
Challenges And Threats To Stability And Security
Regional Power Dynamics
Nuclear Proliferation
External Powers
Global Industry Overview
Political Risk Analysis
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Table: Weighting of Defence Risk Reward Index

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report