Latvia Military Expenditure (USD)
$1.4B▲ +$171.9M
Dec 2024 · Annual
Military Expenditure (USD) in Latvia rose to $1.4B in Dec 2024 from $1.3B in Dec 2023.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $1.4B | $1.3B | $1.4BDec 2024 | $17.7MDec 1993 | 1993 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 3.3% | 3.0% | 3.3% | 0.6% | Dec 2024 | Annual |
| GDP | $48.6B | $44.0B | $48.6B | $5.6B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Latvia averaged $378.9M from 1993 until 2024, reaching an all-time high of $1.4B in Dec 2024 and a record low of $17.7M in Dec 1993. The series is reported yearly with history from 1993.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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