Military Expenditure in Oman decreased to 6611 USD Million in 2018 from 6803 USD Million in 2017.

Military Expenditure in Oman averaged 3211.10 USD Million from 1971 until 2018, reaching an all time high of 9706 USD Million in 2012 and a record low of 353 USD Million in 1971. Oman Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI

Military Expenditure in Oman is expected to reach 8196.74 USD Million by the end of 2020, 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 2021 and 8312.13 USD Million in 2022, according to our econometric models.

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Oman Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
6611.00 6803.00 9706.00 353.00 1971 - 2018 USD Million Yearly
constant 2017 prices

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 47.50 41.00 47.50 4.10 percent [+]
Government Budget -7.00 -9.00 2.60 -20.60 percent of GDP [+]
Government Budget Value -723.80 -658.10 16379.00 -3373.20 OMR Million [+]
Government Spending 5825.40 5649.00 6714.50 2094.00 OMR Million [+]
Government Revenues 358.30 454.00 1638.80 14.80 OMR Million [+]
Government Debt 14491.60 11150.60 14491.60 132.00 OMR Million [+]
Fiscal Expenditure 1082.10 1112.10 4227.00 181.90 OMR Million [+]
Military Expenditure 6611.00 6803.00 9706.00 353.00 USD Million [+]
Credit Rating 40.00 [+]