Military Expenditure in Saudi Arabia decreased to 62525 USD Million in 2019 from 74400 USD Million in 2018. source: SIPRI
Military Expenditure in Saudi Arabia averaged 32656.36 USD Million from 1963 until 2019, reaching an all time high of 90409 USD Million in 2015 and a record low of 828 USD Million in 1963. Saudi Arabia Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Saudi Arabia is expected to reach 63750.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Military Expenditure is projected to trend around 71350.00 USD Million in 2022, according to our econometric models.