Turkey Defence & Security Report Q2 2014 - New Market Study Published
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.
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