Greece Defence and Security Report Q1 2015

  • ID: 3058412
  • December 2014
  • Region: Greece
  • 73 pages
  • Business Monitor International
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  • Hellenic Defence Systems
  • MORE

BMI View: The report discusses Greece's strategic situation, including its fractious relationship with Turkey, its relations with NATO and other European nations, and its global relations and participation in military operations around the world. In terms of procurement, the report examines Greece's current defence programmes, planned acquisitions and future procurement aspirations in light of the country's economic crisis.

BMI expects Greece to spend USD6bn on defence in 2014. On average, between 2011 and 2013, Greece spent USD6.2bn annually on defence. Spending has progressively declined as the Greek economy has contracted and the government has sought to bring public spending under control. We expect Greece to spend less on defence between 2015 and 2019, spending an average of USD5.5bn. By 2019 we expect Greece to be spending USD5.6bn on defence.

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  • Hellenic Defence Systems
  • MORE

BMI Industry View 7


Defence SWOT 8

Security SWOT 9

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

Defence Expenditure 13
Table: Defence Expenditure (Greece 2011-2018) 14
Table: Defence Expenditure Scenario - Changing % Of GDP (Greece 2011-2018) 15

Armed Forces 15
Table: Armed Forces Personnel (Greece 2004-2011) 16
Table: Manpower Available For Military Service (aged 16-49 unless otherwise stated) (Greece 2011-2018) 17

Defence Trade 17
Table: Defence Trade Balance (USDmn) (Greece 2011-2018) 17
Table: Defence Exports (USDmn) (Greece 2011-2018) 19
Table: Defence Imports (USDmn) (Greece 2011-2018) 19

Macroeconomic Forecasts 20

Economic Analysis 20
Table: Greece - Economic Activity 26

Industry Risk Reward Ratings 27

Europe Security Risk Index 27
Table: Europe Regional Security Risk Index 27
Table: Europe State Vulnerability To Terrorism Index 28

Greece Security Risk Index 29

Market Overview 31

Greece Defence Market Overview 31

Armed Forces 31

International Deployments And Joint Exercises 40

Weapons Of Mass Destruction 40

Domestic Defence Industry 40

Greece Security Overview 41

Domestic Threats 41

A Decade Of Austerity And Instability 43

Regional Threats 47

International Threats 49

Company Profile 50

Hellenic Defence Systems 50

Intracom Defense Electronics 52

Regional Overview 54

Europe Security Overview 54

Global Industry Overview 64

Political Risk Analysis 64

Methodology 70

Industry Forecast Methodology 70

Sector-Specific Methodology 71

Sources 72

Security Risk Index Methodology 72
Table: Indicators And Weighting 73

Note: Product cover images may vary from those shown
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Hellenic Defence Systems
Intracom Defense Electronics

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown





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