Military Expenditure in Oman increased to 6663 USD Million in 2020 from 6551 USD Million in 2019. source: SIPRI
Military Expenditure in Oman averaged 3396.22 USD Million from 1971 until 2020, reaching an all time high of 9805 USD Million in 2012 and a record low of 357 USD Million in 1971. Oman Military Expenditure - values, historical data and charts - was last updated on June of 2022.
Military Expenditure in Oman is expected to reach 8270.00 USD Million by the end of 2021, 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 2022 and 8312.13 USD Million in 2023, according to our econometric models.