Military expenditure (% of GDP) — all countries

Military expenditure (% of GDP) — Latvia

Military expenditure (% of GDP) in Latvia in 2024 — 3.26%. Ranked 21 in the world out of 147. Since 1993, the indicator has risen by 2.52 pp.

2024 3.26% +0.29 pp vs 2023
World rank 21of 147
Period maximum 3.26%2024
Period minimum 0.6%1997

Trend over time

1993–2024 · % of GDP

Military expenditure (% of GDP) — Latvia, 1993–2024012341993199720012005200920132017202120241993: 0.74%1994: 0.84%1995: 0.83%1996: 0.66%1997: 0.6%1998: 0.6%1999: 0.77%2000: 0.9%2001: 1.06%2002: 1.59%2003: 1.68%2004: 1.66%2005: 1.67%2006: 1.8%2007: 1.64%2008: 1.7%2009: 1.42%2010: 1.11%2011: 1.11%2012: 0.94%2013: 0.97%2014: 0.98%2015: 1.07%2016: 1.5%2017: 1.65%2018: 2.13%2019: 2.09%2020: 2.23%2021: 2.16%2022: 2.25%2023: 2.97%2024: 3.26%
Change over the period: +2.52 pp Annual average: 0.08 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia 3.26%
World 2.47%
Northern Europe computed 2.08%
Military expenditure (% of GDP) — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2024 3.26 +0.29 pp
2023 2.97 +0.72 pp
2022 2.25 +0.1 pp
2021 2.16 −0.07 pp
2020 2.23 +0.14 pp
2019 2.09 −0.04 pp
2018 2.13 +0.48 pp
2017 1.65 +0.15 pp
2016 1.5 +0.43 pp
2015 1.07 +0.1 pp
2014 0.98 +0.01 pp
2013 0.97 +0.03 pp
2012 0.94 −0.16 pp
2011 1.11 +0 pp
2010 1.11 −0.31 pp
2009 1.42 −0.29 pp
2008 1.7 +0.07 pp
2007 1.64 −0.16 pp
2006 1.8 +0.13 pp
2005 1.67 +0.01 pp
2004 1.66 −0.02 pp
2003 1.68 +0.09 pp
2002 1.59 +0.53 pp
2001 1.06 +0.16 pp
2000 0.9 +0.13 pp
1999 0.77 +0.17 pp
1998 0.6 +0.01 pp
1997 0.6 −0.06 pp
1996 0.66 −0.17 pp
1995 0.83 −0.01 pp
1994 0.84 +0.1 pp
1993 0.74

Northern Europe, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Military expenditure as a percent of GDP under the SIPRI definition: current and capital spending on the armed forces, including peacekeeping forces, defense ministries, paramilitary forces, military R&D, pensions of military personnel and military aid. The NATO benchmark for member states is at least 2% of GDP.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.