Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
Latvia's military expenditure stands at 3.26% as of 2024-12-31, up from 2.97% in 2023. Historical data runs from 1993 to 2024 (32 observations).
In 2024, Latvia's military expenditure was 3.26%, up from 2.97% in 2023.
In 2023, Latvia's military expenditure was 2.97%, up from 2.25% in 2022.
In 2022, Latvia's military expenditure was 2.25%, up from 2.16% in 2021.
In 2021, Latvia's military expenditure was 2.16%, down from 2.23% in 2020.
In 2020, Latvia's military expenditure was 2.23%, up from 2.09% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 3.26% | +0.2878% |
| 2023 | 2.97% | +0.7156% |
| 2022 | 2.25% | +0.0988% |
| 2021 | 2.16% | -0.0718% |
| 2020 | 2.23% | +0.1374% |
| 2019 | 2.09% | -0.0446% |
| 2018 | 2.13% | +0.482% |
| 2017 | 1.65% | +0.151% |
| 2016 | 1.5% | +0.4282% |
| 2015 | 1.07% | +0.0955% |
| 2014 | 0.978% | +0.0052% |
| 2013 | 0.9728% | +0.0299% |
| 2012 | 0.9429% | -0.1644% |
| 2011 | 1.11% | +0.0013% |
| 2010 | 1.11% | -0.3098% |
| 2009 | 1.42% | -0.2884% |
| 2008 | 1.7% | +0.0679% |
| 2007 | 1.64% | -0.1635% |
| 2006 | 1.8% | +0.1285% |
| 2005 | 1.67% | +0.0127% |
| 2004 | 1.66% | -0.0235% |
| 2003 | 1.68% | +0.0904% |
| 2002 | 1.59% | +0.53% |
| 2001 | 1.06% | +0.16% |
| 2000 | 0.9018% | +0.1294% |
| 1999 | 0.7724% | +0.1676% |
| 1998 | 0.6048% | +0.0065% |
| 1997 | 0.5983% | -0.0597% |
| 1996 | 0.6579% | -0.1736% |
| 1995 | 0.8315% | -0.0072% |
| 1994 | 0.8388% | +0.1035% |
| 1993 | 0.7353% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Latvia's military expenditure is 3.26% as of 2024-12-31, compared with 2.97% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 3.26% (2024); the lowest is 0.5983% (1997), across data from 1993 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.