Military expenditure (current USD), per unit of GDP in Latvia
Latvia: Military expenditure (current USD), per unit of GDP was 0.0324 current USD per US$ of GDP in 2024. ▲ Rising
Military expenditure (current USD), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
Latvia recorded 0.0324 current USD per US$ of GDP for military expenditure (current usd), per unit of gdp in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 10.6% on the previous year and up 231.7% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Latvia peaked at 0.0324 current USD per US$ of GDP in 2024 and was at its lowest, 0.006 current USD per US$ of GDP, in 1997.
That places Latvia 30th out of 166 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Military expenditure (current USD), per unit of GDP in Latvia, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.0078 current USD per US$ of GDP | — |
| 1996 | 0.0066 current USD per US$ of GDP | -15.3% |
| 1997 | 0.006 current USD per US$ of GDP | -9.1% |
| 1998 | 0.006 current USD per US$ of GDP | +1.1% |
| 1999 | 0.0077 current USD per US$ of GDP | +27.7% |
| 2000 | 0.009 current USD per US$ of GDP | +16.8% |
| 2001 | 0.0106 current USD per US$ of GDP | +17.7% |
| 2002 | 0.0159 current USD per US$ of GDP | +49.9% |
| 2003 | 0.0168 current USD per US$ of GDP | +5.7% |
| 2004 | 0.0166 current USD per US$ of GDP | -1.4% |
| 2005 | 0.0167 current USD per US$ of GDP | +0.8% |
| 2006 | 0.018 current USD per US$ of GDP | +7.7% |
| 2007 | 0.0164 current USD per US$ of GDP | -9.1% |
| 2008 | 0.017 current USD per US$ of GDP | +4.1% |
| 2009 | 0.0142 current USD per US$ of GDP | -16.9% |
| 2010 | 0.0111 current USD per US$ of GDP | -21.9% |
| 2011 | 0.0112 current USD per US$ of GDP | +0.9% |
| 2012 | 0.0094 current USD per US$ of GDP | -15.6% |
| 2013 | 0.0097 current USD per US$ of GDP | +3.1% |
| 2014 | 0.0098 current USD per US$ of GDP | +0.4% |
| 2015 | 0.0107 current USD per US$ of GDP | +9.9% |
| 2016 | 0.0149 current USD per US$ of GDP | +39.0% |
| 2017 | 0.0164 current USD per US$ of GDP | +10.0% |
| 2018 | 0.0213 current USD per US$ of GDP | +30.0% |
| 2019 | 0.0209 current USD per US$ of GDP | -2.0% |
| 2020 | 0.0222 current USD per US$ of GDP | +6.3% |
| 2021 | 0.0216 current USD per US$ of GDP | -3.0% |
| 2022 | 0.0225 current USD per US$ of GDP | +4.5% |
| 2023 | 0.0293 current USD per US$ of GDP | +30.1% |
| 2024 | 0.0324 current USD per US$ of GDP | +10.6% |
Latvia compared with similar countries
- Latvia's 0.0324 current USD per US$ of GDP is above the median for high income countries, which is 0.0201 current USD per US$ of GDP, 1.6× the median. (54 countries reporting)
- Latvia's 0.0324 current USD per US$ of GDP is above the median for Europe & Central Asia, which is 0.0198 current USD per US$ of GDP, 1.6× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0068 current USD per US$ of GDP | 0.006 current USD per US$ of GDP | 0.0078 current USD per US$ of GDP | 5 |
| 2000s | 0.0151 current USD per US$ of GDP | 0.009 current USD per US$ of GDP | 0.018 current USD per US$ of GDP | 10 |
| 2010s | 0.0135 current USD per US$ of GDP | 0.0094 current USD per US$ of GDP | 0.0213 current USD per US$ of GDP | 10 |
| 2020s | 0.0256 current USD per US$ of GDP | 0.0216 current USD per US$ of GDP | 0.0324 current USD per US$ of GDP | 5 |
Countries ranked near Latvia
- 27 Morocco 0.0344 current USD per US$ of GDP compare
- 28 United States 0.034 current USD per US$ of GDP compare
- 29 Estonia 0.0334 current USD per US$ of GDP compare
- 31 Greece 0.0313 current USD per US$ of GDP compare
- 32 Lithuania 0.0307 current USD per US$ of GDP compare
- 33 Botswana 0.0294 current USD per US$ of GDP compare
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure (current usd), per unit of gdp in Latvia?
- Military expenditure (current usd), per unit of gdp in Latvia was 0.0324 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.0324 current USD per US$ of GDP in 2024.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.006 current USD per US$ of GDP in 1997.
- How does Latvia rank for military expenditure (current usd), per unit of gdp?
- Latvia ranks 30th out of 166 countries with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 231.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.