Latvia—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #69 of 156Updated April 2026
Latest Value
$1.43B
2024
YoY Change
+13.7%
2023 → 2024
Global Rank
#69
of 156 countries
Maximum
$1.43B
2024
Minimum
$70.0M
2000
CAGR
+13.4%
25 years
Last
$1.43B
Previous
$1.25B
Highest
$1.43B
Lowest
$70.0M
Source
World Bank World Development Indicators
Latvia's military expenditure (usd) was $1.43B in 2024, ranking #69 out of 156 countries. This represents a +13.7% change from 2023. Over the past 25 years, the highest recorded value was $1.43B (2024) and the lowest was $70.0M (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $1.43B | +13.7% |
| 2023 | $1.25B | +46.4% |
| 2022 | $856.1M | +4.0% |
| 2021 | $823.1M | +10.9% |
| 2020 | $742.0M | +7.2% |
| 2019 | $691.9M | -2.5% |
| 2018 | $709.4M | +47.0% |
| 2017 | $482.5M | +19.3% |
| 2016 | $404.6M | +43.1% |
| 2015 | $282.7M | -4.4% |
| 2014 | $295.7M | +4.3% |
| 2013 | $283.6M | +10.9% |
| 2012 | $255.7M | -13.8% |
| 2011 | $296.8M | +14.3% |
| 2010 | $259.7M | -28.6% |
| 2009 | $363.8M | -37.5% |
| 2008 | $581.8M | +20.8% |
| 2007 | $481.5M | +30.9% |
| 2006 | $367.8M | +35.0% |
| 2005 | $272.6M | +18.8% |
| 2004 | $229.4M | +21.3% |
| 2003 | $189.1M | +28.5% |
| 2002 | $147.2M | +69.3% |
| 2001 | $87.0M | +24.3% |
| 2000 | $70.0M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |