The Argentine Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
The Argentine defense budget stood at US$2.96 billion in 2011, the result of a CAGR of 16.55% during the review period and this robust growth was primarily driven by high personnel turnover in the armed forces. The government announced a 21% wage increase in the salaries of the armed forces in 2010. In 2012 the defense budget is estimated at US$3.64 billion and is expected to register a CAGR of 16.40% during the forecast period to reach US$6.68 billion by...
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