Military Expenditure in Saudi Arabia decreased to 65843 USD Million in 2018 from 70400 USD Million in 2017.

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. Saudi Arabia Military Expenditure - values, historical data and charts - was last updated on August of 2020. source: SIPRI

Military Expenditure in Saudi Arabia is expected to reach 55500.00 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 63750.00 USD Million in 2021 and 71350.00 USD Million in 2022, according to our econometric models.

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Saudi Arabia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
65843.00 70400.00 88233.00 808.00 1963 - 2018 USD Million Yearly
constant 2017 prices

Saudi Arabia Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.80 19.00 103.50 1.60 percent [+]
Government Budget -9.20 -8.90 43.17 -25.27 percent of GDP [+]
Government Spending 167334.00 211055.00 212452.00 76217.00 SAR Million [+]
Government Revenues 926846.00 894711.00 1247398.00 5668.00 SAR Million [+]
Fiscal Expenditure 1059445.00 1079467.00 1109903.00 6028.00 SAR Million [+]
Military Expenditure 65843.00 70400.00 88233.00 808.00 USD Million [+]
Government Budget Value -132599.00 -173858.00 580924.00 -362229.00 SAR Million [+]
Credit Rating 75.00 [+]