Military Expenditure in Saudi Arabia decreased to 55535 USD Million in 2020 from 61952 USD Million in 2019. source: SIPRI
Military Expenditure in Saudi Arabia averaged 32424.22 USD Million from 1963 until 2020, reaching an all time high of 88520 USD Million in 2015 and a record low of 811 USD Million in 1963. Saudi Arabia Military Expenditure - values, historical data and charts - was last updated on September 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.