Recently Released Market Study: Kazakhstan and Central Asia Defence & Security Report Q2 2014
By 2018, BMI predicts that Kazakhstan will spend a combined total of US$4.4bn annually on defence. We expect the defence spending of Kazakhstan to reach US$2.6bn during 2014. From this year onwards, annual defence spending is expected to continue its upward trend. In terms of Gross Domestic Product (GDP), Kazakhstan has moderately increased the share of GDP which defence spending occupies. BMI expects that this country will spend on average 1.2% of its gross GDP on defence by 2018.
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