Latvia—Military Spending (% of GDP)
Category: MilitarySource: World Bank World Development IndicatorsGlobal Rank: #23 of 153
Latest Value
3.3%
2024
YoY Change
+9.7%
2023 → 2024
Global Rank
#23
of 153 countries
Maximum
3.3%
2024
Minimum
0.9%
2000
CAGR
+5.5%
25 years
Last
3.3%
Previous
3.0%
Highest
3.3%
Lowest
0.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 3.3% | +9.7% |
| 2023 | 3.0% | +31.7% |
| 2022 | 2.3% | +4.6% |
| 2021 | 2.2% | -3.2% |
| 2020 | 2.2% | +6.6% |
| 2019 | 2.1% | -2.1% |
| 2018 | 2.1% | +29.2% |
| 2017 | 1.7% | +10.1% |
| 2016 | 1.5% | +39.9% |
| 2015 | 1.1% | +9.8% |
| 2014 | 1.0% | +0.5% |
| 2013 | 1.0% | +3.2% |
| 2012 | 0.9% | -14.8% |
| 2011 | 1.1% | +0.1% |
| 2010 | 1.1% | -21.9% |
| 2009 | 1.4% | -16.9% |
| 2008 | 1.7% | +4.1% |
| 2007 | 1.6% | -9.1% |
| 2006 | 1.8% | +7.7% |
| 2005 | 1.7% | +0.8% |
| 2004 | 1.7% | -1.4% |
| 2003 | 1.7% | +5.7% |
| 2002 | 1.6% | +49.9% |
| 2001 | 1.1% | +17.7% |
| 2000 | 0.9% |
Top Countries — Military Spending (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 34.5% | 2024 |
| 2 | Israel | 8.8% | 2024 |
| 3 | Algeria | 8.0% | 2024 |
| 4 | Saudi Arabia | 7.3% | 2024 |
| 5 | Russian Federation | 7.1% | 2024 |
| 6 | Myanmar | 6.8% | 2024 |
| 7 | Qatar | 6.5% | 2022 |
| 8 | Oman | 5.6% | 2024 |
| 9 | Armenia | 5.5% | 2024 |
| 10 | Libya | 5.3% | 2023 |
About This Indicator
Definition
Military expenditure by country as percentage of gross domestic product
Methodology
Data compiled by SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases.
Source: World Bank - World Development IndicatorsView original source →