Boston, MA -- (SBWIRE) -- 01/29/2015 -- Defence expenditure as a proportion of GDP rose in the last decade, from 1.15% of GDP in 2000 to 1.6% of GDP in 2010. However, it has declined since, and we estimate defence of 1.2% in 2014, although we do see a rise to 1.3% in 2015. This is well below the NATO European average of 2.2% and below the 2% target that NATO specifies for its members.

Borut Pahor, Slovenia's president, insisted in October 2014 that the country would make no further cuts to military expenditure in the coming years. The government has made pledges to this end to stabilise defence spending levels. Slovenia needs to address both defence spending levels and military modernisation.

We expect Slovenia to spend around USD576mn on defence in 2015, a fall from our estimate of USD589mn in 2014. By 2019 we expect the Slovenian defence budget to be worth USD672mn.

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We have given Slovenia an overall security risk index score of 96 out of 100 for 2015. On average, Slovenia has had a security risk rating of 92 for November 2007 up to and including 2015. We see Slovenia as having a very low risk of becoming involved in a major interstate conflict, and also only a low risk of terrorist attack or major criminal activity.

The Slovenia 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 Slovenia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Slovenian defence and security industry.

Key Benefits

- Benchmark BMI's independent defence and security industry forecasts on Slovenia to test other views - a key input for successful budgetary and strategic business planning in the Slovenian 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.

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).

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

BMIs proprietary Security Risk Indices provide investors with a reliable ? and country-comparable ? guide to conflict, terrorism and criminal risk, backed up by our analysts 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.

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