Boston, MA -- (SBWIRE) -- 09/10/2014 -- In our view, Spain faces low security risks in terms of international conflict, interstate conflict and criminal activity. The country's high scores in our security risk ratings are bolstered by Spain's friendly relations with international states and European neighbours as well as its decreasing involvement in Afghanistan.

BMI predicts that Spain will spend USD14.8bn on defence in 2014. Up to and including 2018, we expect Spain to spend on average USD14.2bn annually on defence. We expect a decline in defence spending in 2015 to USD14.2bn, and then to USD13.9bn the following year. The final two years of the forecast period could see Spanish defence spending increasing to USD14.2bn and USD14.5bn in 2017 and 2018 respectively.

We have given Spain an overall security risk rating of 82 for Q414. On average, the country has scored an overall security risk rating of 79 for the period January 2007 until Q414. We believe that Spain faces a very low risk of becoming involved in a major international conflict. That said, we do calculate that Spain faces a comparatively heightened risk of terrorist attack. However, the country's risk of experiencing major criminal activity we calculate as being low.

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Spain has an interstate conflict risk rating of 97 for Q414 with the country scoring an average interstate conflict risk rating of 94 for the period January 2007 until Q414. There are several reasons why Spain has such a low risk rating in this regard. Firstly, the country is winding down its involvement in Afghanistan in line with NATO's overall goals in the Central Asian country. Secondly, Spain maintains excellent relations with its European neighbours and friendly relations with many other states around the world. While Spain and the United Kingdom do have a territorial dispute regarding the sovereignty of Gibraltar, both sides have agreed to manage and resolve this dispute diplomatically.

The procurement of new military platforms by Spain has been sporadic...

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

Key Benefits:

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

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:

BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's 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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