Military spending per armed forces personnel in Latvia
Latvia: Military spending per armed forces personnel was 104,649 constant 2024 US$ in 2020. ◆ Volatile
Military spending per armed forces personnel in Latvia, 1993–2020
Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Latvia recorded 104,649 constant 2024 US$ for military spending per armed forces personnel in 2020.
The figure is down 29.9% on the previous year and up 45.0% over ten years.
Over the whole period, military spending per armed forces personnel in Latvia peaked at 149,342 constant 2024 US$ in 2019 and was at its lowest, 8,300 constant 2024 US$, in 1996.
That places Latvia 32nd out of 160 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14,975 constant 2024 US$ | 8,300 constant 2024 US$ | 23,193 constant 2024 US$ | 7 |
| 2000s | 61,864 constant 2024 US$ | 20,347 constant 2024 US$ | 138,121 constant 2024 US$ | 10 |
| 2010s | 89,941 constant 2024 US$ | 59,496 constant 2024 US$ | 149,342 constant 2024 US$ | 10 |
| 2020s | 104,649 constant 2024 US$ | 104,649 constant 2024 US$ | 104,649 constant 2024 US$ | 1 |
Countries ranked near Latvia
More reference data data for Latvia
- Temperature anomalies by month -5.99 °C (2026)
- Spring temperature anomalies 4.57 °C (2026)
- Summer temperature anomalies 1.58 °C (2026)
- Autumn temperature anomalies 2.33 °C (2025)
- Consumer price index 162.39 2010 = 100 (2025)
- Winter temperature anomalies 3.08 °C (2025)
- Universal right to vote 2 (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Competitive elections 1 (2025)
Frequently asked questions
- What is military spending per armed forces personnel in Latvia?
- Military spending per armed forces personnel in Latvia was 104,649 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
- What is the highest military spending per armed forces personnel recorded in Latvia?
- The highest recorded value was 149,342 constant 2024 US$ in 2019.
- What is the lowest military spending per armed forces personnel recorded in Latvia?
- The lowest recorded value was 8,300 constant 2024 US$ in 1996.
- How does Latvia rank for military spending per armed forces personnel?
- Latvia ranks 32nd out of 160 countries with data for 2020.
- Is military spending per armed forces personnel rising or falling in Latvia?
- Over the last ten years it is up 45.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.
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About this data
Total military expenditure divided by armed forces personnel. 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.