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Saudi Arabia Military Expenditure

Government
Saudi Arabia
Source: Saudi Arabia Military Expenditure, released on Dec 31 by SIPRI
6.90%
Overview
Current Value
6.90%
Average Value (10 years)
2.14%
Statistical Analysis
Current Status
Normal
Historical Average
2.14%
Long-term mean
Historical Data
DateValueChange
12-31-20236.90%-5.32%
12-31-202212.22%+14.34%
12-31-2021-2.11%-0.88%
12-31-2020-1.23%+11.17%
12-31-2019-12.40%-18.38%
Forecast & Analysis

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Next Period Forecast
6.90%
3-Month Outlook
Moderate Growth
Based on economic models
12-Month Outlook
Stable
Long-term projection

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Key Information
Current Value6.90%
Average Value (10 years)2.14%

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Economic data last updated May 18, 2025