Military expenditure in Oman

Oman: Military expenditure was 2.30 billion current LCU in 2024. ◆ Volatile

Latest (2024)
2.30 billion current LCU
Change on year
up 2.3%
World rank
132nd
of 167 countries
All-time high
3.56 billion current LCU
in 2012
All-time low
12.07 million current LCU
in 1971
Years of data
54
1971–2024

Military expenditure in Oman, 1971–2024

01.0B2.0B3.0B4.0B197119972024

Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.

Analysis

The most recent figure for military expenditure in Oman is 2.30 billion current LCU, measured in 2024.

Compared with earlier readings it is up 2.3% on the previous year and down 27.1% over ten years.

Over the whole period, military expenditure in Oman peaked at 3.56 billion current LCU in 2012 and was at its lowest, 12.07 million current LCU, in 1971.

That places Oman 132nd out of 167 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 123.88 million current LCU 12.07 million current LCU 203.47 million current LCU 9
1980s 456.94 million current LCU 305.25 million current LCU 558.75 million current LCU 10
1990s 548.75 million current LCU 482.48 million current LCU 584.48 million current LCU 10
2000s 972.86 million current LCU 606.45 million current LCU 1.33 billion current LCU 10
2010s 2.74 billion current LCU 1.41 billion current LCU 3.56 billion current LCU 10
2020s 2.27 billion current LCU 2.22 billion current LCU 2.34 billion current LCU 5

Countries ranked near Oman

  1. 129 Eritrea 2.52 billion current LCU compare
  2. 130 Lithuania 2.43 billion current LCU compare
  3. 131 Kuwait 2.39 billion current LCU compare
  4. 133 Moldova 1.97 billion current LCU compare
  5. 134 Jordan 1.82 billion current LCU compare
  6. 135 Cape Verde 1.72 billion current LCU compare

See the full ranking of 167 places →

More public sector data for Oman

All data for Oman →

Frequently asked questions

What is military expenditure in Oman?
Military expenditure in Oman was 2.30 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
What is the highest military expenditure recorded in Oman?
The highest recorded value was 3.56 billion current LCU in 2012.
What is the lowest military expenditure recorded in Oman?
The lowest recorded value was 12.07 million current LCU in 1971.
How does Oman rank for military expenditure?
Oman ranks 132nd out of 167 countries with data for 2024.
Is military expenditure rising or falling in Oman?
Over the last ten years it is down 27.1%. The long-run trend across the full record is volatile.
Where does this Oman data come from?
The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Military expenditure (current LCU)
Unit
current LCU
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 8,248 data points, 1960–2024
Last refreshed

Military expenditure in local currency at current prices (by calendar year)