Armenia vs Latvia: Military spending
Armenia
1.65 billion constant 2024 US$
in 2025
Latvia
1.60 billion constant 2024 US$
in 2025
Armenia rank
73rd
Latvia rank
74th
Military spending over time
- Armenia
- Latvia
How they compare
Armenia currently reports 1.65 billion constant 2024 US$ against 1.60 billion constant 2024 US$ in Latvia, a difference of 44.56 million constant 2024 US$.
The two have swapped places 9 times across 32 shared years of data; in 1993 it was Latvia ahead.
Armenia ranks 73rd and Latvia ranks 74th of 162 countries.
Across the 4 decades both report, Armenia averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Armenia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 177.40 million constant 2024 US$ | 115.53 million constant 2024 US$ | 61.87 million constant 2024 US$ | Armenia |
| 2000s | 346.66 million constant 2024 US$ | 459.15 million constant 2024 US$ | 112.49 million constant 2024 US$ | Latvia |
| 2010s | 667.96 million constant 2024 US$ | 511.23 million constant 2024 US$ | 156.74 million constant 2024 US$ | Armenia |
| 2020s | 1.19 billion constant 2024 US$ | 1.20 billion constant 2024 US$ | 14.88 million constant 2024 US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Armenia or Latvia?
- Armenia, at 1.65 billion constant 2024 US$ against 1.60 billion constant 2024 US$ in Latvia as of 2025.
- What is the difference in military spending between Armenia and Latvia?
- 44.56 million constant 2024 US$, with Armenia ahead.
- How many years of comparable data are there for Armenia and Latvia?
- 32 years are reported by both, from 1993 to 2025.
- How do Armenia and Latvia rank globally for military spending?
- Armenia ranks 73rd and Latvia ranks 74th of 162 countries.
- Where does this data come from?
- Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.