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Chilean defense expenditure grew at a CAGR of 12.62% during the review period to reach a value of US$4.2 billion in 2011. The country’s military expenditure is estimated to register a CAGR of 11.49% during the forecast period, and to value US$3.8 billion by2016. Defense expenditure is expected to be driven by factors such as border disputes, military modernization, and international peacekeeping missions.
The Chilean Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016 Chilean defense expenditure grew at a CAGR of 12.62% during the review period to reach a value of US$4.2 billion in 2011. The country’s military expenditure is estimated to register a CAGR of 11.49% during the forecast period, and to value US$3.8 billion by2016. Defense expenditure is expected to be driven by factors such as border disputes, military modernization, and international peacekeeping missions. Due to the transfer of certain institutions such as Carabineros de Chile and Investigations Police of Chile to the Ministry of Interior and Public Security, the defense expenditure will decline in 2012 but retain the overall growth rate during the forecast period (reference see graph below). 4.5 25.0% 4.0 23.2% 18.4% 20.0% Defense expenditure (US$ bn) 3.5 14.2% 17.5% 3.0 15.0% Growth rate (%) 2.5 10.0% 2.0 4.2 3.6 1.5 2.9 5.0% 2.6 2.5 1.0 0.0% 0.5 -2.7% 0.0 -5.0% 2007 2008 2009 2010 2011 Def ense expenditure (US$ bn) Growth rate (%) According to CPL, 10% of all export revenues from the state-owned copper company Codelco were automatically transferred each year to the military, for the purpose of purchasing weapons and equipment. During 2006–2009, US$4.2 billion were transferred to the military under the CPL. After the 2010 earthquake, funding from CPL to the military was opposed by the public due to lack of funds for recovery and development funds. According to the new law, the funding from CPL would be transferred to Economic and Social Stabilization Fund (ESSF) for better use by government departments. The defense imports declined from US$696 million in 2007 to US$323 million in 2011. During the review period, funds from CRL were used to make the procurements of weapons and equipments. However, CRL was removed from 2012 onwards will result to the deficit of funds for more procurement leading to further decrease in imports during the forecast period. Contact email@example.com to order your copy of this report OR for further information. About ICD Research ICD Research is a full-service global market research agency and premium business information brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access to over 400 in-house analysts and journalists and a global media presence in over 30 professional markets enabling us to conduct unique and insightful research via our trusted business communities. Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access to the opinions and strategies of key business decision makers, industry experts and competitors as well as examining their actions surrounding business priorities. About Strategic Defence Intelligence This report is one of a series available to subscribers of our premium research platform, Strategic Defence Intelligence. Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily-searchable picture of all defence industry activity. The site features: daily updated analysis, comment and news, company and customer profiles, defence spending, tenders and contracts, product and technology intelligence, a research and analysis database providing access to industry and competitor reports to enable business and market planning, and fully customizable tools, including instant personalized report generation and custom alerts.
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