Latvia vs Libya: Military spending

Latvia

1.60 billion constant 2024 US$

in 2025

Libya

1.60 billion constant 2024 US$

in 2023

Latvia rank

74th

Libya rank

75th

Military spending over time

Latvia
Libya

How they compare

Latvia currently reports 1.60 billion constant 2024 US$ against 1.60 billion constant 2024 US$ in Libya, a difference of 1.26 million constant 2024 US$.

The two have swapped places 2 times across 17 shared years of data; in 1997 it was Libya ahead.

Latvia ranks 74th and Libya ranks 75th of 162 countries.

Individual pages

Military spending in Latvia
Military spending in Libya
Full country ranking

About this data

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

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.