Military expenditure (current USD), annual growth rate in Latvia
Latvia: Military expenditure (current USD), annual growth rate was 13.71 % change on previous year in 2024. ◆ Volatile
Military expenditure (current USD), annual growth rate in Latvia, 1994–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in Latvia stood at 13.71 % change on previous year.
The figure is down 70.5% on the previous year and up 219.7% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Latvia peaked at 91.62 % change on previous year in 1994 and was at its lowest, -37.46 % change on previous year, in 2009.
Latvia ranks 64th of 164 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1994 | 91.62 % change on previous year | — |
| 1995 | 28.5 % change on previous year | -68.9% |
| 1996 | -12.41 % change on previous year | -143.5% |
| 1997 | -0.4366 % change on previous year | -96.5% |
| 1998 | 11.03 % change on previous year | -2627.2% |
| 1999 | 34.11 % change on previous year | +209.1% |
| 2000 | 23.73 % change on previous year | -30.4% |
| 2001 | 24.25 % change on previous year | +2.2% |
| 2002 | 69.29 % change on previous year | +185.7% |
| 2003 | 28.47 % change on previous year | -58.9% |
| 2004 | 21.26 % change on previous year | -25.3% |
| 2005 | 18.83 % change on previous year | -11.4% |
| 2006 | 34.96 % change on previous year | +85.6% |
| 2007 | 30.9 % change on previous year | -11.6% |
| 2008 | 20.82 % change on previous year | -32.6% |
| 2009 | -37.46 % change on previous year | -279.9% |
| 2010 | -28.62 % change on previous year | -23.6% |
| 2011 | 14.31 % change on previous year | -150.0% |
| 2012 | -13.84 % change on previous year | -196.7% |
| 2013 | 10.88 % change on previous year | -178.6% |
| 2014 | 4.29 % change on previous year | -60.6% |
| 2015 | -4.41 % change on previous year | -202.8% |
| 2016 | 43.11 % change on previous year | -1077.6% |
| 2017 | 19.26 % change on previous year | -55.3% |
| 2018 | 47.03 % change on previous year | +144.2% |
| 2019 | -2.46 % change on previous year | -105.2% |
| 2020 | 7.25 % change on previous year | -394.2% |
| 2021 | 10.92 % change on previous year | +50.6% |
| 2022 | 4.02 % change on previous year | -63.2% |
| 2023 | 46.45 % change on previous year | +1056.4% |
| 2024 | 13.71 % change on previous year | -70.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.4 % change on previous year | -12.41 % change on previous year | 91.62 % change on previous year | 6 |
| 2000s | 23.51 % change on previous year | -37.46 % change on previous year | 69.29 % change on previous year | 10 |
| 2010s | 8.95 % change on previous year | -28.62 % change on previous year | 47.03 % change on previous year | 10 |
| 2020s | 16.47 % change on previous year | 4.02 % change on previous year | 46.45 % change on previous year | 5 |
Countries ranked near Latvia
- 61 Uganda 14.34 % change on previous year compare
- 62 Jamaica 13.96 % change on previous year compare
- 63 Central African Republic 13.83 % change on previous year compare
- 65 Congo, Democratic Republic of the 13.21 % change on previous year compare
- 66 Croatia 13.2 % change on previous year compare
- 67 Eswatini 12.96 % change on previous year compare
More public sector data for Latvia
- Arms imports 10.00 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)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 20,148 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Latvia?
- Military expenditure (current usd), annual growth rate in Latvia was 13.71 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Latvia?
- The highest recorded value was 91.62 % change on previous year in 1994.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Latvia?
- The lowest recorded value was -37.46 % change on previous year in 2009.
- How does Latvia rank for military expenditure (current usd), annual growth rate?
- Latvia ranks 64th out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 219.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.