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# Latvia Military Expenditure

> Latvia military expenditure is 3.3% as of Dec 2024, from 3.0%. History from 1993, source World Bank. Free API & MCP access.

Military Expenditure in Latvia rose to 3.3% in Dec 2024 from 3.0% in Dec 2023.

Military Expenditure in Latvia averaged 1.5% from 1993 until 2024, reaching an all-time high of 3.3% in Dec 2024 and a record low of 0.6% in Dec 1997. The series is reported yearly with history from 1993.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 3.3% | 3.0% | 3.3% (Dec 2024) | 0.6% (Dec 1997) | 1993–2024 | USD / % GDP | annual |

## FAQ

**What is Latvia's military expenditure right now?**

Military Expenditure in Latvia is 3.3% as of Dec 2024.

**What are the historical extremes for Latvia's military expenditure?**

The all-time high is 3.3% (Dec 2024); the record low is 0.6% (Dec 1997), over a series starting in 1993.

**How often is this series updated?**

Military Expenditure for Latvia is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=latvia&indicator=military-expenditure`.
Back to [Latvia economy](/latvia.md).