Military spending, gaps filled in Latvia
Latvia: Military spending, gaps filled was 1.60 billion constant 2024 US$ in 2025. ◆ Volatile
Military spending, gaps filled in Latvia, 1993–2025
Source: Statizoid (derived). Measured in constant 2024 US$.
Analysis
Latvia recorded 1.60 billion constant 2024 US$ for military spending, gaps filled in 2025. That is the highest value across all 33 years on record.
That represents a change of up 11.1% on the previous year and up 298.7% over ten years.
Over the whole period, military spending, gaps filled in Latvia peaked at 1.60 billion constant 2024 US$ in 2025 and was at its lowest, 98.87 million constant 2024 US$, in 1997.
Latvia ranks 74th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending, gaps filled in Latvia, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1993 | 115.97 million constant 2024 US$ | — |
| 1994 | 135.50 million constant 2024 US$ | +16.8% |
| 1995 | 131.31 million constant 2024 US$ | -3.1% |
| 1996 | 102.09 million constant 2024 US$ | -22.3% |
| 1997 | 98.87 million constant 2024 US$ | -3.2% |
| 1998 | 106.52 million constant 2024 US$ | +7.7% |
| 1999 | 138.44 million constant 2024 US$ | +30.0% |
| 2000 | 172.95 million constant 2024 US$ | +24.9% |
| 2001 | 217.09 million constant 2024 US$ | +25.5% |
| 2002 | 354.93 million constant 2024 US$ | +63.5% |
| 2003 | 409.48 million constant 2024 US$ | +15.4% |
| 2004 | 442.01 million constant 2024 US$ | +7.9% |
| 2005 | 514.36 million constant 2024 US$ | +16.4% |
| 2006 | 646.60 million constant 2024 US$ | +25.7% |
| 2007 | 704.86 million constant 2024 US$ | +9.0% |
| 2008 | 690.61 million constant 2024 US$ | -2.0% |
| 2009 | 438.60 million constant 2024 US$ | -36.5% |
| 2010 | 332.09 million constant 2024 US$ | -24.3% |
| 2011 | 343.67 million constant 2024 US$ | +3.5% |
| 2012 | 315.92 million constant 2024 US$ | -8.1% |
| 2013 | 339.20 million constant 2024 US$ | +7.4% |
| 2014 | 351.79 million constant 2024 US$ | +3.7% |
| 2015 | 401.59 million constant 2024 US$ | +14.2% |
| 2016 | 578.80 million constant 2024 US$ | +44.1% |
| 2017 | 657.24 million constant 2024 US$ | +13.6% |
| 2018 | 895.90 million constant 2024 US$ | +36.3% |
| 2019 | 896.05 million constant 2024 US$ | +0.0% |
| 2020 | 941.84 million constant 2024 US$ | +5.1% |
| 2021 | 975.00 million constant 2024 US$ | +3.5% |
| 2022 | 972.04 million constant 2024 US$ | -0.3% |
| 2023 | 1.27 billion constant 2024 US$ | +30.9% |
| 2024 | 1.44 billion constant 2024 US$ | +13.3% |
| 2025 | 1.60 billion constant 2024 US$ | +11.1% |
Latvia compared with similar countries
- Latvia's 1.60 billion constant 2024 US$ is below the median for high income countries, which is 6.82 billion constant 2024 US$, 23% of the median. (54 countries reporting)
- Latvia's 1.60 billion constant 2024 US$ is below the median for Europe & Central Asia, which is 2.80 billion constant 2024 US$, 57% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 118.38 million constant 2024 US$ | 98.87 million constant 2024 US$ | 138.44 million constant 2024 US$ | 7 |
| 2000s | 459.15 million constant 2024 US$ | 172.95 million constant 2024 US$ | 704.86 million constant 2024 US$ | 10 |
| 2010s | 511.23 million constant 2024 US$ | 315.92 million constant 2024 US$ | 896.05 million constant 2024 US$ | 10 |
| 2020s | 1.20 billion constant 2024 US$ | 941.84 million constant 2024 US$ | 1.60 billion constant 2024 US$ | 6 |
Countries ranked near Latvia
- 71 Uzbekistan 1.77 billion constant 2024 US$ compare
- 72 Nigeria 1.76 billion constant 2024 US$ compare
- 73 Armenia 1.65 billion constant 2024 US$ compare
- 75 Libya 1.60 billion constant 2024 US$ compare
- 76 Ireland 1.46 billion constant 2024 US$ compare
- 77 Bahrain 1.46 billion constant 2024 US$ 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, gaps filled in Latvia?
- Military spending, gaps filled in Latvia was 1.60 billion constant 2024 US$ in 2025, according to Statizoid (derived).
- What is the highest military spending, gaps filled recorded in Latvia?
- The highest recorded value was 1.60 billion constant 2024 US$ in 2025.
- What is the lowest military spending, gaps filled recorded in Latvia?
- The lowest recorded value was 98.87 million constant 2024 US$ in 1997.
- How does Latvia rank for military spending, gaps filled?
- Latvia ranks 74th out of 162 countries with data for 2025.
- Is military spending, gaps filled rising or falling in Latvia?
- Over the last ten years it is up 298.7%. 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, gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
Computed from
- Military spending Stockholm International Peace Research Institute (2026) – 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
Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.