Jordan's defense budget increased marginally from US$1.70 billion in 2011 to US$1.71 billion in 2015, registering a CAGR of 0.27%. The slow growth rate can be attributed to the country's struggling economy, high unemployment rates, lack of natu ..."
BMI View: We expect Jordan's defence budget to continue increasing both in absolute terms and as a share
of GDP over the next five years. This will be driven primarily by the country's need to increase its armed
forces' capabilities, in order to be able to efficiently ..."
BMI View: Amid regional instability, Jordan remains a key U.S. ally and we expect this defence
relationship to develop further over the course of 2015. As defence budgets tend to grow amidst increased
threat perceptions, for 2015, we forecast Jordan's defence expenditure to gro ..."
BMI Industry View
Amidst regional instability, BMI is forecasting Jordan's defence spending to grow in 2014. In the
increasingly volatile Middle East, Jordan is facing an active threat from the civil war in Syria. We are
estimating that defence spending will gro ..."