Military spending, annual growth rate in Latvia
Latvia: Military spending, annual growth rate was 4.69 % change on previous year in 2023. ◆ Volatile
Latest (2023)
4.69 % change on previous year
Change on year
up 173.8%
World rank
96th
of 172 countries
All-time high
104.11 % change on previous year
in 1992
All-time low
-30.83 % change on previous year
in 2009
Years of data
54
1919–2023
Military spending, annual growth rate in Latvia, 1919–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, military spending, annual growth rate in Latvia stood at 4.69 % change on previous year.
Compared with earlier readings it is up 173.8% on the previous year and down 49.3% over ten years.
Over the whole period, military spending, annual growth rate in Latvia peaked at 104.11 % change on previous year in 1992 and was at its lowest, -30.83 % change on previous year, in 2009.
Latvia ranks 96th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending, annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1919 | -22.45 % change on previous year | — |
| 1920 | -14.7 % change on previous year | -34.5% |
| 1921 | 22.41 % change on previous year | -252.4% |
| 1922 | 12.54 % change on previous year | -44.1% |
| 1923 | 17.96 % change on previous year | +43.3% |
| 1924 | 4.8 % change on previous year | -73.3% |
| 1925 | 20.47 % change on previous year | +326.4% |
| 1926 | 7.71 % change on previous year | -62.3% |
| 1927 | 5.63 % change on previous year | -27.0% |
| 1928 | 1.45 % change on previous year | -74.3% |
| 1929 | -1.68 % change on previous year | -216.1% |
| 1930 | 0.3 % change on previous year | -117.8% |
| 1931 | -3.63 % change on previous year | -1311.1% |
| 1932 | -1.78 % change on previous year | -51.0% |
| 1933 | 1.71 % change on previous year | -195.8% |
| 1934 | 38.86 % change on previous year | +2178.5% |
| 1935 | 5.82 % change on previous year | -85.0% |
| 1936 | 5.34 % change on previous year | -8.2% |
| 1937 | -8.74 % change on previous year | -263.5% |
| 1938 | 8.63 % change on previous year | -198.8% |
| 1939 | -5.94 % change on previous year | -168.8% |
| 1940 | 8.46 % change on previous year | -242.5% |
| 1992 | 104.11 % change on previous year | +1130.4% |
| 1993 | -6.28 % change on previous year | -106.0% |
| 1994 | -1.05 % change on previous year | -83.3% |
| 1995 | 27.81 % change on previous year | -2750.0% |
| 1996 | 1.46 % change on previous year | -94.8% |
| 1997 | -3.83 % change on previous year | -362.7% |
| 1998 | -19.94 % change on previous year | +421.1% |
| 1999 | 10.41 % change on previous year | -152.2% |
| 2000 | 17.59 % change on previous year | +68.9% |
| 2001 | 19.03 % change on previous year | +8.2% |
| 2002 | 32.3 % change on previous year | +69.7% |
| 2003 | 36.58 % change on previous year | +13.2% |
| 2004 | 7.47 % change on previous year | -79.6% |
| 2005 | 10.99 % change on previous year | +47.2% |
| 2006 | 37.62 % change on previous year | +242.3% |
| 2007 | 21.75 % change on previous year | -42.2% |
| 2008 | 11.08 % change on previous year | -49.0% |
| 2009 | -30.83 % change on previous year | -378.2% |
| 2010 | -16.41 % change on previous year | -46.8% |
| 2011 | -1.13 % change on previous year | -93.1% |
| 2012 | -13.47 % change on previous year | +1096.3% |
| 2013 | 9.26 % change on previous year | -168.8% |
| 2014 | 8.22 % change on previous year | -11.3% |
| 2015 | 3.86 % change on previous year | -53.1% |
| 2016 | 34.25 % change on previous year | +788.2% |
| 2017 | 32.48 % change on previous year | -5.2% |
| 2018 | 28.98 % change on previous year | -10.8% |
| 2019 | 11.95 % change on previous year | -58.8% |
| 2020 | 6.69 % change on previous year | -44.0% |
| 2021 | 6.18 % change on previous year | -7.7% |
| 2022 | 1.71 % change on previous year | -72.2% |
| 2023 | 4.69 % change on previous year | +173.8% |
Latvia compared with similar countries
- Latvia's 4.69 % change on previous year is below the median for high income countries, which is 5.57 % change on previous year, 84% of the median. (55 countries reporting)
- Latvia's 4.69 % change on previous year is below the median for Europe & Central Asia, which is 7.48 % change on previous year, 63% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Military spending, annual growth rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +2750.0% | -1.05 % change on previous year | 27.81 % change on previous year |
| 1934 | +2178.5% | 1.71 % change on previous year | 38.86 % change on previous year |
| 1931 | -1311.1% | 0.3 % change on previous year | -3.63 % change on previous year |
| 1992 | +1130.4% | 8.46 % change on previous year | 104.11 % change on previous year |
| 2012 | -1096.3% | -1.13 % change on previous year | -13.47 % change on previous year |
| 2016 | +788.2% | 3.86 % change on previous year | 34.25 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1910s | -22.45 % change on previous year | -22.45 % change on previous year | -22.45 % change on previous year | 1 |
| 1920s | 7.66 % change on previous year | -14.7 % change on previous year | 22.41 % change on previous year | 10 |
| 1930s | 4.06 % change on previous year | -8.74 % change on previous year | 38.86 % change on previous year | 10 |
| 1940s | 8.46 % change on previous year | 8.46 % change on previous year | 8.46 % change on previous year | 1 |
| 1990s | 14.09 % change on previous year | -19.94 % change on previous year | 104.11 % change on previous year | 8 |
| 2000s | 16.36 % change on previous year | -30.83 % change on previous year | 37.62 % change on previous year | 10 |
| 2010s | 9.8 % change on previous year | -16.41 % change on previous year | 34.25 % change on previous year | 10 |
| 2020s | 4.82 % change on previous year | 1.71 % change on previous year | 6.69 % change on previous year | 4 |
Countries ranked near Latvia
- 93 Cote d'Ivoire 4.81 % change on previous year compare
- 94 United Kingdom 4.8 % change on previous year compare
- 95 Cameroon 4.76 % change on previous year compare
- 97 Belarus 4.65 % change on previous year compare
- 98 Gabon 4.65 % change on previous year compare
- 99 Kenya 4.63 % change on previous year compare
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is military spending, annual growth rate in Latvia?
- Military spending, annual growth rate in Latvia was 4.69 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest military spending, annual growth rate recorded in Latvia?
- The highest recorded value was 104.11 % change on previous year in 1992.
- What is the lowest military spending, annual growth rate recorded in Latvia?
- The lowest recorded value was -30.83 % change on previous year in 2009.
- How does Latvia rank for military spending, annual growth rate?
- Latvia ranks 96th out of 172 countries with data for 2023.
- Is military spending, annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 49.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.