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.

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Saudi Arabia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
62525.00 74400.00 90409.00 828.00 1963 - 2019 USD Million Yearly
constant 2018 prices

Saudi Arabia Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.80 19.00 103.50 1.60 percent [+]
Government Budget -4.50 -5.90 43.20 -25.30 percent of GDP [+]
Government Spending 232789.00 179780.00 232789.00 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 62525.00 74400.00 90409.00 828.00 USD Million [+]
Government Budget Value -132599.00 -173858.00 580924.00 -362229.00 SAR Million [+]
Credit Rating 75.00 [+]