Latvia—Military Spending (% of govt expenditure)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #45 of 151Updated April 2026
Latest Value
7.5%
2024
YoY Change
+9.5%
2023 → 2024
Global Rank
#45
of 151 countries
Maximum
7.5%
2024
Minimum
2.4%
2000
CAGR
+4.8%
25 years
Last
7.5%
Previous
6.8%
Highest
7.5%
Lowest
2.4%
Source
World Bank World Development Indicators
Latvia's military spending (% of govt expenditure) was 7.5% in 2024, ranking #45 out of 151 countries. This represents a +9.5% change from 2023. Over the past 25 years, the highest recorded value was 7.5% (2024) and the lowest was 2.4% (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 7.5% | +9.5% |
| 2023 | 6.8% | +32.1% |
| 2022 | 5.2% | +7.1% |
| 2021 | 4.8% | -7.4% |
| 2020 | 5.2% | -2.6% |
| 2019 | 5.4% | -1.0% |
| 2018 | 5.4% | +24.0% |
| 2017 | 4.4% | +8.8% |
| 2016 | 4.0% | +44.7% |
| 2015 | 2.8% | +11.1% |
| 2014 | 2.5% | -0.8% |
| 2013 | 2.5% | +2.8% |
| 2012 | 2.4% | -8.9% |
| 2011 | 2.7% | +5.7% |
| 2010 | 2.5% | -21.8% |
| 2009 | 3.2% | -27.2% |
| 2008 | 4.5% | -5.2% |
| 2007 | 4.7% | -7.0% |
| 2006 | 5.1% | +8.5% |
| 2005 | 4.7% | -2.1% |
| 2004 | 4.8% | -2.4% |
| 2003 | 4.9% | +8.5% |
| 2002 | 4.5% | +48.5% |
| 2001 | 3.0% | +24.5% |
| 2000 | 2.4% |
Top Countries — Military Spending (% of govt expenditure)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 54.0% | 2024 |
| 2 | Belarus | 50.7% | 2024 |
| 3 | Myanmar | 29.1% | 2024 |
| 4 | Qatar | 26.9% | 2022 |
| 5 | Saudi Arabia | 22.3% | 2024 |
| 6 | Somalia, Fed. Rep. | 21.6% | 2024 |
| 7 | Algeria | 21.4% | 2024 |
| 8 | Oman | 20.1% | 2024 |
| 9 | Singapore | 20.1% | 2024 |
| 10 | Israel | 20.0% | 2024 |