New Defense research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 01/27/2015 -- Amid regional instability, Jorda n remains a key U.S. ally and we expect th is defence relationship to develop further over the course of 2015. As defence budgets tend to grow amidst increased threat perceptions, for 2015, we forecast Jordan's defence expenditure to grow at annual rate of 9.7% to bring spending to USD2. 8 bn despite stagnation in the wide r economy.
BMI determines an overall upward trend in the annual rate of growth in Jordan's defence expenditure. We think spending may be boosted by a substantial increase in U.S. military aid to Jordan currently under discussion in the Congress. We note that in the short to medium term manpower as a percentage of the overall population is decreasing, but that in the long term it is likely to experience an upward trend.
Jordan's security threats continue to stem primarily from the regional level. We think that the Palestinian-Israel conflict remains Amman's primary concern and point to deteriorating relations with Israel. On the other hand, relations with Baghdad are improving, in part out of shared interests, particularly the threat of retaliation by the Islamic State within the Hashemite Kingdom because of its participation in the international anti-Islamic State coalition.
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Overall, Jordan's security risk index remains relatively good. For the coming year, we have awarded it a score of 74, which is a reduction of just 1 point on 2014, and 4 points on 2013. This reduction must be reviewed in light of the current crises plaguing its neighbouring states, Iraq and Syria. From 2007 through to 2015, its average index score is 73, we consider as a higher medium level of security.
- The Islamic State claimed on 16 December 2014 that it had destroyed six border control posts along the Iraqi-Jordanian border using improvised explosive device attacks.
- At the end of December 2013, China offered to provide Jordan with a grant of USD4.9 million to procure Chinese-made military equipment.
The Jordan 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 Jordan Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Jordanian defence and security industry.
- Benchmark BMI's independent defence and security industry forecasts on Jordan to test other views - a key input for successful budgetary and strategic business planning in the Jordanian 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).
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.
Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into Strengths, Weaknesses, Opportunities and Threats.
BMI industry Forecast scenario
Historic data series and forecasts to end-2019 for key industry indicators supported by explicit assumptions, plus analysis of key downside risks to the main forecast.
- defence expenditure: Defence expenditure (local currency and USDbn); defence expenditure (% of total budget); defence expenditure per capita (USD); defence budget (local currency and USDbn).
- armed forces (to 2012): Manpower available for military service, Manpower fit for military service, Army Personnel, Navy Personnel, Air Force Personnel, Total armed forces, (?000) (% population).
- arms trade: Arms and ammunition exports and imports (USDmn); Bombs, grenades and missiles exports and imports (USDmn); Revolver and pistol exports and imports (USDmn); Military weapons excluding guns and swords exports and imports (USDmn).
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