Military expenditure (current USD) in Latvia
Latvia: Military expenditure (current USD) was 1.73 billion current USD in 2025. ◆ Volatile
Latest (2025)
1.73 billion current USD
Change on year
up 20.2%
World rank
71st
of 168 countries
All-time high
1.73 billion current USD
in 2025
All-time low
17.69 million current USD
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 USD.
Analysis
The most recent figure for military expenditure in Latvia is 1.73 billion current USD, measured in 2025. That is the highest value across all 33 years on record.
The figure is up 20.2% on the previous year and up 512.5% over ten years.
Over the whole period, military expenditure in Latvia peaked at 1.73 billion current USD in 2025 and was at its lowest, 17.69 million current USD, in 1993.
That places Latvia 71st out of 168 countries with data for 2025, putting it 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) 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 | 1.44 billion current USD | +14.9% |
| 2025 | 1.73 billion current USD | +20.2% |
Latvia compared with similar countries
- Latvia's 1.73 billion current USD is below the median for high income countries, which is 7.32 billion current USD, 24% of the median. (54 countries reporting)
- Latvia's 1.73 billion current USD is below the median for Europe & Central Asia, which is 2.95 billion current USD, 59% 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 | 1.14 billion current USD | 742.05 million current USD | 1.73 billion current USD | 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 1.73 billion current USD 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 1.73 billion current USD in 2025.
- What is the lowest military expenditure recorded in Latvia?
- The lowest recorded value was 17.69 million current USD in 1993.
- How does Latvia rank for military expenditure?
- Latvia ranks 71st out of 168 countries with data for 2025.
- Is military expenditure rising or falling in Latvia?
- Over the last ten years it is up 512.5%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)