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Hungary Defence and Security Report 2016

  • ID: 3625584
  • February 2016
  • Region: Hungary
  • 33 pages
  • Business Monitor International
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Hungarian defence spending remains relatively modest compared to the Europe region as a whole, and has declined as a percentage of GDP over the last decade, reflecting the country's stable security environment. We currently forecast the defence budget to remain around 0.9% of GDP in 2016, declining 1.6% y-o-y to USD1.08bn; however, we note that this figure may be revised upwards should the government take action towards realising plans for improving conditions for armed forces personnel; increase participation in peacekeeping missions, expand military infrastructure or procure new equipment and maintain a strong security presence at borders amid the ongoing migrant crisis.

With a reasonable economic growth forecast over the medium term, and Hungary's commitment to increase military capabilities under NATO, we forecast defence expenditure to record growth from 2017, enabling Budapest to meet more of HDF's modernisation requirements - particularly in aerospace. Technologically advanced equipment such as aircraft, will continue to be sourced from abroad, as local manufacturers lack design and production capabilities. Meanwhile, with limited state investment into defence R&D, we expect Hungarian defence exports to remain modest over the forecast period - although we do see READ MORE >

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- Table: Defence Expenditure (Hungary 2015-2020)

- SWOT

- Industry Forecast

- Defence Budget

- Table: Defence Expenditure (Hungary 2014-2019)

- Table: Defence Expenditure (Hungary 2020-2025)

- Defence Trade

- Industry Risk Reward Index

- Defence Industry Risk Reward Index

- Table: Europe - Defence Industry Risk Reward Index

- Rewards

- Risks

- Market Overview

- Defence Market Overview

- Domestic Defence Sector

- Domestic Defence Market

- Armed Forces Overview

- Armed Forces

- Table: Armed Forces Personnel (Hungary 2008-2013)

- Table: Hungarian Defence Forces (HDF) - Overseas Deployments

- Security Overview

- Domestic Threats

- Regional Threats

- International Threats

- Company Profile

- Danubian Aircraft

- Methodology

- Risk/Reward Index Methodology

- Sector-Specific Methodology

- Table: Defence Risk/Reward Index Indicators

- Weighting

- Table: Weighting of Defence Risk Reward Index

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- Danubian Aircraft

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