The increase in Swedenâ€™s defense expenditure will be largely influenced by the countryâ€™s strained relationship with Russia, the acquisition of new defense systems and the countryâ€™s participation in international peacekeeping missions.
On average, Sweden allocated 1.32% of its GDP for defense expenditure during the review period. However, military expenditure as a percentage of GDP is expected to decrease to an average of 1.1% during the forecast period, as the countryâ€™s annual GDP growth rate is larger than the predicted growth rate of the Swedish defense budget.
The defense budget of Sweden is estimated at US$6.46 billion in 2011, and is expected to grow at a CAGR of 2.17% during the forecast period, to reach US$7.2 billion by 2016.
Reasons to buy:
â€¢ Gain insight into the Swedish defense industry with current, historic and forecast market values
â€¢ Acquire knowledge into market opportunity and attractiveness
â€¢ Includes industry procurement dynamics
â€¢ Provides information on industry structure
â€¢ Supplies with regulations governing the Swedish defense industry and the potential market entry strategies with an expert analysis of the competitive structure
â€¢ Identify top companies of the Swedish defense industry along with profiles of all those companies
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