Military Expenditure in Oman decreased to 5783.60 USD Million in 2021 from 6095.70 USD Million in 2020. source: SIPRI
Military Expenditure in Oman averaged 2718.79 USD Million from 1971 until 2021, reaching an all time high of 9250.70 USD Million in 2012 and a record low of 29.10 USD Million in 1971. Oman Military Expenditure - values, historical data and charts - was last updated on December of 2022.
Military Expenditure in Oman is expected to reach 8270.00 USD Million by the end of 2022, 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 2023 and 8312.13 USD Million in 2024, according to our econometric models.