Military expenditure (current LCU) in Latvia
Latvia: Military expenditure (current LCU) was 1.53 billion current LCU in 2025. ◆ Volatile
Latest (2025)
1.53 billion current LCU
Change on year
up 15.3%
World rank
140th
of 168 countries
All-time high
1.53 billion current LCU
in 2025
All-time low
17.00 million current LCU
in 1993
Years of data
33
1993–2025
Military expenditure in Latvia, 1993–2025
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Latvia is 1.53 billion current LCU, measured in 2025. That is the highest value across all 33 years on record.
The figure is up 15.3% on the previous year and up 502.2% over ten years.
Over the whole period, military expenditure in Latvia peaked at 1.53 billion current LCU in 2025 and was at its lowest, 17.00 million current LCU, in 1993.
That places Latvia 140th out of 168 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1993 | 17.00 million current LCU | — |
| 1994 | 27.00 million current LCU | +58.8% |
| 1995 | 32.70 million current LCU | +21.1% |
| 1996 | 29.90 million current LCU | -8.6% |
| 1997 | 31.40 million current LCU | +5.0% |
| 1998 | 35.40 million current LCU | +12.7% |
| 1999 | 47.10 million current LCU | +33.1% |
| 2000 | 60.40 million current LCU | +28.2% |
| 2001 | 77.70 million current LCU | +28.6% |
| 2002 | 129.50 million current LCU | +66.7% |
| 2003 | 153.80 million current LCU | +18.8% |
| 2004 | 176.30 million current LCU | +14.6% |
| 2005 | 219.00 million current LCU | +24.2% |
| 2006 | 293.30 million current LCU | +33.9% |
| 2007 | 352.00 million current LCU | +20.0% |
| 2008 | 398.00 million current LCU | +13.1% |
| 2009 | 261.70 million current LCU | -34.2% |
| 2010 | 196.00 million current LCU | -25.1% |
| 2011 | 211.70 million current LCU | +8.0% |
| 2012 | 199.00 million current LCU | -6.0% |
| 2013 | 213.60 million current LCU | +7.3% |
| 2014 | 222.90 million current LCU | +4.4% |
| 2015 | 254.90 million current LCU | +14.4% |
| 2016 | 367.90 million current LCU | +44.3% |
| 2017 | 430.00 million current LCU | +16.9% |
| 2018 | 601.00 million current LCU | +39.8% |
| 2019 | 618.00 million current LCU | +2.8% |
| 2020 | 651.00 million current LCU | +5.3% |
| 2021 | 696.00 million current LCU | +6.9% |
| 2022 | 814.00 million current LCU | +17.0% |
| 2023 | 1.16 billion current LCU | +42.6% |
| 2024 | 1.33 billion current LCU | +14.7% |
| 2025 | 1.53 billion current LCU | +15.3% |
Latvia compared with similar countries
- Latvia's 1.53 billion current LCU is below the median for high income countries, which is 17.84 billion current LCU, 9% of the median. (54 countries reporting)
- Latvia's 1.53 billion current LCU is below the median for Europe & Central Asia, which is 8.40 billion current LCU, 18% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.50 million current LCU | 17.00 million current LCU | 47.10 million current LCU | 7 |
| 2000s | 212.17 million current LCU | 60.40 million current LCU | 398.00 million current LCU | 10 |
| 2010s | 331.50 million current LCU | 196.00 million current LCU | 618.00 million current LCU | 10 |
| 2020s | 1.03 billion current LCU | 651.00 million current LCU | 1.53 billion current LCU | 6 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
Frequently asked questions
- What is military expenditure in Latvia?
- Military expenditure in Latvia was 1.53 billion current LCU in 2025, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Latvia?
- The highest recorded value was 1.53 billion current LCU in 2025.
- What is the lowest military expenditure recorded in Latvia?
- The lowest recorded value was 17.00 million current LCU in 1993.
- How does Latvia rank for military expenditure?
- Latvia ranks 140th out of 168 countries with data for 2025.
- Is military expenditure rising or falling in Latvia?
- Over the last ten years it is up 502.2%. The long-run trend across the full record is volatile.
- Where does this Latvia 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.
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About this data
Military expenditure in local currency at current prices (by calendar year)