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$.
The two have swapped places 2 times across 17 shared years of data; in 1997 it was Libya ahead.
Latvia ranks 74th and Libya ranks 75th of 162 countries.
Libya has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 114.61 million constant 2024 US$ | 353.70 million constant 2024 US$ | 239.09 million constant 2024 US$ | Libya |
| 2000s | 461.43 million constant 2024 US$ | 542.93 million constant 2024 US$ | 81.50 million constant 2024 US$ | Libya |
| 2010s | 335.63 million constant 2024 US$ | 2.12 billion constant 2024 US$ | 1.78 billion constant 2024 US$ | Libya |
| 2020s | 1.12 billion constant 2024 US$ | 1.43 billion constant 2024 US$ | 309.31 million constant 2024 US$ | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Latvia or Libya?
- Latvia, at 1.60 billion constant 2024 US$ against 1.60 billion constant 2024 US$ in Libya as of 2025.
- What is the difference in military spending between Latvia and Libya?
- 1.26 million constant 2024 US$, with Latvia ahead.
- How many years of comparable data are there for Latvia and Libya?
- 17 years are reported by both, from 1997 to 2023.
- How do Latvia and Libya rank globally for military spending?
- Latvia ranks 74th and Libya ranks 75th 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.