Latvia Military Spending/Defense Budget 1993-2021

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 2019 was $0.71B, a 1.9% decline from 2018.
  • Latvia military spending/defense budget for 2018 was $0.72B, a 49.97% increase from 2017.
  • Latvia military spending/defense budget for 2017 was $0.48B, a 19.26% increase from 2016.
  • Latvia military spending/defense budget for 2016 was $0.40B, a 43.11% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $731.75B
Saudi Arabia $61.87B
France $50.12B
Germany $49.28B
United Kingdom $48.65B
Japan $47.61B
South Korea $43.89B
Italy $26.79B
Australia $25.91B
Canada $22.20B
Israel $20.46B
Spain $17.18B
Netherlands $12.06B
Poland $11.90B
Singapore $11.21B
Kuwait $7.71B
Norway $7.00B
Oman $6.73B
Sweden $5.92B
Greece $5.47B
Chile $5.18B
Switzerland $5.18B
Belgium $4.82B
Denmark $4.56B
Portugal $4.51B
Finland $3.97B
Austria $3.24B
Argentina $3.14B
New Zealand $2.93B
Czech Republic $2.91B
Hungary $1.90B
Slovak Republic $1.87B
Bahrain $1.40B
Uruguay $1.15B
Ireland $1.11B
Lithuania $1.08B
Croatia $1.01B
Latvia $0.71B
Estonia $0.66B
Slovenia $0.57B
Luxembourg $0.43B
Brunei $0.41B
Cyprus $0.40B
Trinidad and Tobago $0.17B
Malta $0.08B
Seychelles $0.02B
Iceland $0.00B
Panama $0.00B
Latvia Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2019 $0.71B 2.03%
2018 $0.72B 2.08%
2017 $0.48B 1.59%
2016 $0.40B 1.47%
2015 $0.28B 1.05%
2014 $0.30B 0.94%
2013 $0.28B 0.94%
2012 $0.26B 0.91%
2011 $0.30B 1.04%
2010 $0.26B 1.09%
2009 $0.36B 1.39%
2008 $0.58B 1.63%
2007 $0.48B 1.56%
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%