North America defence spending market: $712 billion industry estimated during 2012
Defense Spending - North America (NAFTA) Industry Guide - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 16:34:01
The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The defense spending industry within the NAFTA countries had a total market value of $712.0 billion in 2012.The Mexico was the fastest growing country, with a CAGR of 13.7% over the 2008-12 period.
Within the defense spending industry, the US is the leading country among the NAFTA bloc, with market revenues of $682.5 billion in 2012. This was followed by Canada and Mexico, with a value of $22.5 and $7.0 billion, respectively.
The US is expected to lead the defense spending industry in the NAFTA bloc, with a value of $654.2 billion in 2017, followed by Canada and Mexico with expected values of $22.0 and $9.4 billion, respectively.
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