Military Expenditure in Saudi Arabia decreased to 65843 USD Million in 2018 from 70400 USD Million in 2017. Saudi Arabia Military Expenditure - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Military Expenditure in Saudi Arabia averaged 31179.81 USD Million from 1963 until 2018, reaching an all time high of 88233 USD Million in 2015 and a record low of 808 USD Million in 1963. source: SIPRI
Military Expenditure in Saudi Arabia is expected to reach 99731.84 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Military Expenditure is projected to trend around 99731.84 USD Million in 2021, according to our econometric models.