India vs Latvia: Military spending, per unit of GDP

India
0.0272 constant 2022 US$ per US$ of GDP
in 2023
Latvia
0.0257 constant 2022 US$ per US$ of GDP
in 2023
India rank
42nd
Latvia rank
45th

Military spending, per unit of GDP over time

  • India
  • Latvia
00.050.10.150.20.25196019912023

How they compare

India currently reports 0.0272 constant 2022 US$ per US$ of GDP against 0.0257 constant 2022 US$ per US$ of GDP in Latvia, a difference of 0.0015 constant 2022 US$ per US$ of GDP.

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

Across all 29 years both countries report, India has been ahead every year.

India ranks 42nd and Latvia ranks 45th of 170 countries.

India has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade India Latvia Difference Ahead
1990s 0.0493 constant 2022 US$ per US$ of GDP 0.0178 constant 2022 US$ per US$ of GDP 0.0315 constant 2022 US$ per US$ of GDP India
2000s 0.0385 constant 2022 US$ per US$ of GDP 0.019 constant 2022 US$ per US$ of GDP 0.0195 constant 2022 US$ per US$ of GDP India
2010s 0.0266 constant 2022 US$ per US$ of GDP 0.0164 constant 2022 US$ per US$ of GDP 0.0101 constant 2022 US$ per US$ of GDP India
2020s 0.0294 constant 2022 US$ per US$ of GDP 0.0274 constant 2022 US$ per US$ of GDP 0.002 constant 2022 US$ per US$ of GDP India

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, per unit of gdp, India or Latvia?
India, at 0.0272 constant 2022 US$ per US$ of GDP against 0.0257 constant 2022 US$ per US$ of GDP in Latvia as of 2023.
What is the difference in military spending, per unit of gdp between India and Latvia?
0.0015 constant 2022 US$ per US$ of GDP, with India ahead.
How many years of comparable data are there for India and Latvia?
29 years are reported by both, from 1995 to 2023.
How do India and Latvia rank globally for military spending, per unit of gdp?
India ranks 42nd and Latvia ranks 45th of 170 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Latvia: Military spending, per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-per-unit-of-gdp-2/india/latvia/

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About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.