Business Monitor International


Greece Defence & Security Report

Published 29 July 2014

  • 72 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Greece Defence & Security Report

BMI expects Greece to spend up to USD6.2bn on defence in 2014. On average, Greece has spent USD6.6bn on defence between 2010 and 2013. Generally, we have observed a downward trend as far as Greek defence spending is concerned during this period. This is not altogether surprising as the country has been in the grip of a severe financial crisis which has prompted widespread and dramatic cuts on public spending. For the remainder of the forecast period, we expect Greece to spend an average of USD5.7bn on defence between 2015 and 2018.

Greece is one of a handful of NATO nations which frequently spends in excess of two percent of its GDP on defence. Greece has succeeded in maintaining defence spending at above two percent of its GDP between 2010 and 2013. We expect this trend to continue for the remainder of the forecast period.

We have given Greece an overall security risk rating of 70 for Q414. On average, the country has scored an overall risk rating of 71 for the period January 2007 until Q414. We believe Greece to have a moderate risk of becoming involved in a major interstate conflict. Similarly, we believe that the country has a risk of experiencing a major terrorist attack, and also that it is at risk from significant criminal activity.

It was reported in mid-August 2014 that Rheinmetall will supply the Hellenic Army with 12,000 rounds of 120mm ammunition for the country's Leopard-2 Main Battle Tanks. The order is worth EUR52mn to the company. This is the first purchase of 120mm ammunition that Greece has made to arm these tanks. Deliveries of the ammunition are expected to be completed by 2016.

Finally, the Hellenic Navy announced in mid-June 2014 that it would complete a long-stalled order for three Type-214 conventional submarines from Germany. The first boat is expected to be completed by the end of 2014, with the remaining two boats to be delivered by 2016.

Table of Contents

BMI Industry View
7
SWOT
8
Greece Defence SWOT
8
Greece 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)
14
Armed Forces
15
Table: Armed Forces Personnel (Greece 2001-2011)
15
Table: Manpower Available For Military Service (aged 16-49 unless otherwise stated) (Greece 2011-2018)
16
Defence Trade
16
Table: Defence Trade Balance (USDmn) (Greece 2011-2018)
16
Exports
17
Table: Defence Exports (USDmn) (Greece 2011-2018)
17
Imports
18
Table: Defence Imports (USDmn) (Greece 2011-2018)
18
Macroeconomic Forecasts
19
Table: Greece - Economic Activity
23
Industry Risk Reward Ratings
24
Europe Security Risk Ratings
24
Table: Europe Regional Security Risk Ratings
24
Table: Europe State Vulnerability To Terrorism Index
25
Greece Security Risk Ratings
26
Market Overview
28
Greece Defence Market Overview
28
Armed Forces And Government Spending
28
Weapons Of Mass Destruction
38
Domestic Defence Industry
38
Greece Security Overview
39
Domestic Threats
39
Regional Threats
45
International Threats
47
Company Profile
48
Hellenic Defence Systems
48
Intracom Defense Electronics
50
Regional Overview
52
Europe Security Overview
52
Global Industry Overview
62
Global Political Outlook
62
Methodology
68
Industry Forecast Methodology
68
Sector-Specific Methodology
69
Sources
70
Security Risk Ratings Methodology
70
Table: Indicators And Weighting
71

The Greece Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Greece Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Greek defence and security industry.

Key Benefits

  • Benchmark BMI's independent defence and security industry forecasts on Greece to test other views - a key input for successful budgetary and strategic business planning in the Greek defence and security market.
  • Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

Global and Regional Political Outlooks

A strategic overview of the world's major political risks, identifying countries facing leadership successions and nations at risk of upheaval, inter-state conflict or separatism and insurgencies, plus a summary of the world's 'wild card' low-probability high-impact risks.

SWOT Analysis

Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into 'Strengths', 'Weaknesses', 'Opportunities' and 'Threats'.

Political Risk Assessment

Drawing on BMI's heritage of more than 25 years of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.

Security Risk Analysis

BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's latest assessment of each component. Furthermore, drawing on our country risk expertise, we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.

Armed Forces Spending/Expenditure

The reports contain a detailed breakdown of areas of expenditure by the armed forces, these include spending on international deployments, WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.

Domestic Security Overview

The domestic security overview lists the various potential internal security threats facing a country, ranging from internal security issues such as terrorism, cyber terrorism, crime and drugs, to external security issues including general defence procedures and potential threats from specific countries.

BMI Industry Forecast Scenario

Historic data series and forecasts to end-2018 for key industry indicators supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

Budgets & Expenditure: Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita, US$; defence budget (local currency and US$bn).

Employment: Employment in arms production (`000s); employment in arms production (% of labour force).

Macroeconomic: BMI's forecasts and analysis of all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Domestic Security Overview

The reports also provide a regional overview which details specific issues and flashpoints affecting , along with potential risks in the coming year.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc