What is the difference in military expenditure between Latvia and Sri Lanka?

92.38 million current USD, with Latvia ahead.

How many years of comparable data are there for Latvia and Sri Lanka?

32 years are reported by both, from 1993 to 2024.

Where does this data come from?

SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs Sri Lanka: Military expenditure

Latvia

1.43 billion current USD

in 2024

Sri Lanka

1.33 billion current USD

in 2024

Latvia rank

75th

Sri Lanka rank

78th

Military expenditure over time

Latvia
Sri Lanka

How they compare

Latvia currently reports 1.43 billion current USD against 1.33 billion current USD in Sri Lanka, a difference of 92.38 million current USD.

That makes Latvia's figure about 1.1 times Sri Lanka's.

The two have swapped places 1 time across 32 shared years of data; in 1993 it was Sri Lanka ahead.

Latvia ranks 75th and Sri Lanka ranks 78th of 167 countries.

Sri Lanka has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Latvia	Sri Lanka	Difference	Ahead
1990s	38.58 million current USD	626.55 million current USD	587.97 million current USD	Sri Lanka
2000s	279.01 million current USD	875.39 million current USD	596.38 million current USD	Sri Lanka
2010s	396.25 million current USD	1.71 billion current USD	1.32 billion current USD	Sri Lanka
2020s	1.02 billion current USD	1.31 billion current USD	285.29 million current USD	Sri Lanka

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Latvia or Sri Lanka?: Latvia, at 1.43 billion current USD against 1.33 billion current USD in Sri Lanka as of 2024.
What is the difference in military expenditure between Latvia and Sri Lanka?: 92.38 million current USD, with Latvia ahead.
How many years of comparable data are there for Latvia and Sri Lanka?: 32 years are reported by both, from 1993 to 2024.
How do Latvia and Sri Lanka rank globally for military expenditure?: Latvia ranks 75th and Sri Lanka ranks 78th of 167 countries.
Where does this data come from?: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Sri Lanka: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 21 August 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd/latvia/sri-lanka/

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About this data

Indicator: Military expenditure (current USD)
Unit: current USD
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 211 places, 10,601 data points, 1960–2024
Last refreshed: 20 August 2026

Military spending USD, in current prices (converted at the exchange rate for the given year)