Latvia Military Spending/Defense Budget 1993-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Latvia military spending/defense budget for 2021 was $0.83B, a 11.4% increase from 2020.
  • Latvia military spending/defense budget for 2020 was $0.74B, a 7.25% increase from 2019.
  • Latvia military spending/defense budget for 2019 was $0.69B, a 2.46% decline from 2018.
  • Latvia military spending/defense budget for 2018 was $0.71B, a 47.03% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $800.67B
United Kingdom $68.37B
France $56.65B
Germany $56.02B
Saudi Arabia $55.56B
Japan $54.12B
South Korea $50.23B
Italy $32.01B
Australia $31.75B
Canada $26.45B
Israel $24.34B
Spain $19.54B
Netherlands $13.75B
Poland $13.71B
Qatar $11.59B
Singapore $11.12B
Kuwait $9.02B
Norway $8.25B
Greece $8.08B
Sweden $7.89B
Belgium $6.31B
Chile $6.23B
Finland $5.90B
Oman $5.78B
Switzerland $5.74B
Denmark $5.39B
Portugal $4.91B
Czech Republic $3.94B
Austria $3.83B
New Zealand $3.39B
Hungary $2.78B
Argentina $2.59B
Slovak Republic $1.98B
Croatia $1.74B
Bahrain $1.38B
Ireland $1.27B
Uruguay $1.26B
Lithuania $1.24B
Latvia $0.83B
Estonia $0.76B
Slovenia $0.73B
Cyprus $0.52B
Luxembourg $0.46B
Brunei $0.45B
Trinidad and Tobago $0.21B
Malta $0.08B
Seychelles $0.02B
Panama $0.00B
Iceland $0.00B
Latvia Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2021 $0.83B 2.28%
2020 $0.74B 2.26%
2019 $0.69B 2.03%
2018 $0.71B 2.06%
2017 $0.48B 1.59%
2016 $0.40B 1.45%
2015 $0.28B 1.04%
2014 $0.30B 0.94%
2013 $0.28B 0.93%
2012 $0.26B 0.90%
2011 $0.30B 1.04%
2010 $0.26B 1.09%
2009 $0.36B 1.38%
2008 $0.58B 1.63%
2007 $0.48B 1.55%
2006 $0.37B 1.72%
2005 $0.27B 1.61%
2004 $0.23B 1.60%
2003 $0.19B 1.61%
2002 $0.15B 1.54%
2001 $0.09B 1.04%
2000 $0.07B 0.88%
1999 $0.06B 0.75%
1998 $0.04B 0.59%
1997 $0.04B 0.58%
1996 $0.04B 0.64%
1995 $0.04B 0.81%
1994 $0.03B 0.84%
1993 $0.02B 0.74%