Military Expenditure in Oman decreased to 6676 USD Million in 2019 from 7565 USD Million in 2018. source: SIPRI

Military Expenditure in Oman averaged 3327.80 USD Million from 1971 until 2019, reaching an all time high of 9792 USD Million in 2012 and a record low of 356 USD Million in 1971. Oman Military Expenditure - values, historical data and charts - was last updated on April of 2021.

Military Expenditure in Oman is expected to reach 8270.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Military Expenditure is projected to trend around 8765.22 USD Million in 2022 and 8312.13 USD Million in 2023, according to our econometric models.

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Oman Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
6676.00 7565.00 9792.00 356.00 1971 - 2019 USD Million Yearly
constant 2018 prices

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 55.90 47.50 55.90 4.10 percent [+]
Government Budget -7.00 -9.00 2.60 -20.60 percent of GDP [+]
Government Budget Value -339.70 -295.30 16379.00 -3373.20 OMR Million [+]
Government Spending 5825.40 5649.00 6714.50 2094.00 OMR Million [+]
Government Revenues 423.30 491.10 1638.80 14.80 OMR Million [+]
Government Debt 16372.60 14491.60 16372.60 132.00 OMR Million [+]
Fiscal Expenditure 763.00 786.40 4227.00 181.90 OMR Million [+]
Military Expenditure 6676.00 7565.00 9792.00 356.00 USD Million [+]
Credit Rating 40.00 [+]