Statizoid

Armenia vs Latvia: Military spending

Armenia
1.19 billion constant 2022 US$
in 2023
Latvia
1.10 billion constant 2022 US$
in 2023
Armenia rank
83rd
Latvia rank
86th

Military spending over time

  • Armenia
  • Latvia
0250.0M500.0M750.0M1.0B1.2B191819702023

How they compare

Armenia currently reports 1.19 billion constant 2022 US$ against 1.10 billion constant 2022 US$ in Latvia, a difference of 85.51 million constant 2022 US$.

That makes Armenia's figure about 1.1 times Latvia's.

The two have swapped places 8 times across 33 shared years of data; in 1991 it was Armenia ahead.

Armenia ranks 83rd and Latvia ranks 86th of 172 countries.

Individual pages

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.