Turkey Defence and Security Report Q2 2014
BMI believes that the Turkish defence budget will increase to US$19.4bn in 2014, before rising once again to US$21.7 in 2015. We expect Turkey’s defence budget to continue increasingly in the final three years of our forecast period, climbing to US$23.6bn in 2016, US$26.6bn in 2017 and completing the forecast period to US$29.7 in 2018. Moreover, in 2014, BMI expects that the defence budget will increase to 2.4% of GDP in 2014 rising to 2.7% by 2018.
Turkey is a net exporter of defence equipment, exporting on average US$162.8mn of military equipment and defence services between 2010 and 2013. While the country does import quantities of materiel from the international arms market, it is emerging as a major exporter of military equipment. In particular, the country is showing its expertise in the production of defence electronics and also naval shipbuilding. That said several large platforms such as main battle tanks, multirole combat aircraft and surface-to-air missiles are imported from foreign suppliers.
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