Military expenditure (current USD), gaps filled in Latvia
Latvia: Military expenditure (current USD), gaps filled was 1.43 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Latvia, 1993–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
The most recent figure for military expenditure (current usd), gaps filled in Latvia is 1.43 billion current USD, measured in 2024. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 13.7% on the previous year and up 382.1% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Latvia peaked at 1.43 billion current USD in 2024 and was at its lowest, 17.69 million current USD, in 1993.
Latvia ranks 75th of 167 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), gaps filled in Latvia, year by year
| Year | current USD | Change |
|---|---|---|
| 1993 | 17.69 million current USD | — |
| 1994 | 33.90 million current USD | +91.6% |
| 1995 | 43.56 million current USD | +28.5% |
| 1996 | 38.15 million current USD | -12.4% |
| 1997 | 37.99 million current USD | -0.4% |
| 1998 | 42.18 million current USD | +11.0% |
| 1999 | 56.57 million current USD | +34.1% |
| 2000 | 69.99 million current USD | +23.7% |
| 2001 | 86.97 million current USD | +24.3% |
| 2002 | 147.22 million current USD | +69.3% |
| 2003 | 189.14 million current USD | +28.5% |
| 2004 | 229.35 million current USD | +21.3% |
| 2005 | 272.55 million current USD | +18.8% |
| 2006 | 367.83 million current USD | +35.0% |
| 2007 | 481.49 million current USD | +30.9% |
| 2008 | 581.75 million current USD | +20.8% |
| 2009 | 363.81 million current USD | -37.5% |
| 2010 | 259.67 million current USD | -28.6% |
| 2011 | 296.83 million current USD | +14.3% |
| 2012 | 255.74 million current USD | -13.8% |
| 2013 | 283.57 million current USD | +10.9% |
| 2014 | 295.73 million current USD | +4.3% |
| 2015 | 282.69 million current USD | -4.4% |
| 2016 | 404.55 million current USD | +43.1% |
| 2017 | 482.46 million current USD | +19.3% |
| 2018 | 709.37 million current USD | +47.0% |
| 2019 | 691.89 million current USD | -2.5% |
| 2020 | 742.05 million current USD | +7.2% |
| 2021 | 823.08 million current USD | +10.9% |
| 2022 | 856.14 million current USD | +4.0% |
| 2023 | 1.25 billion current USD | +46.4% |
| 2024 | 1.43 billion current USD | +13.7% |
Latvia compared with similar countries
- Latvia's 1.43 billion current USD is below the median for high income countries, which is 6.62 billion current USD, 22% of the median. (54 countries reporting)
- Latvia's 1.43 billion current USD is below the median for Europe & Central Asia, which is 2.63 billion current USD, 54% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.58 million current USD | 17.69 million current USD | 56.57 million current USD | 7 |
| 2000s | 279.01 million current USD | 69.99 million current USD | 581.75 million current USD | 10 |
| 2010s | 396.25 million current USD | 255.74 million current USD | 709.37 million current USD | 10 |
| 2020s | 1.02 billion current USD | 742.05 million current USD | 1.43 billion current USD | 5 |
Countries ranked near Latvia
More public sector data for Latvia
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Frequently asked questions
- What is military expenditure (current usd), gaps filled in Latvia?
- Military expenditure (current usd), gaps filled in Latvia was 1.43 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Latvia?
- The highest recorded value was 1.43 billion current USD in 2024.
- What is the lowest military expenditure (current usd), gaps filled recorded in Latvia?
- The lowest recorded value was 17.69 million current USD in 1993.
- How does Latvia rank for military expenditure (current usd), gaps filled?
- Latvia ranks 75th out of 167 countries with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Latvia?
- Over the last ten years it is up 382.1%. 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), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.