Military spending, per capita in Latvia

Latvia: Military spending, per capita was 584.43 constant 2022 US$ per person in 2023. ◆ Volatile

Latest (2023)
584.43 constant 2022 US$ per person
Change on year
up 4.5%
World rank
34th
of 171 countries
All-time high
584.43 constant 2022 US$ per person
in 2023
All-time low
18.84 constant 2022 US$ per person
in 1991
Years of data
33
1991–2023

Military spending, per capita in Latvia, 1991–2023

02004006001991200720231991: 18.8 constant 2022 US$ per person1992: 39 constant 2022 US$ per person1993: 37.3 constant 2022 US$ per person1994: 37.5 constant 2022 US$ per person1995: 48.6 constant 2022 US$ per person1996: 49.9 constant 2022 US$ per person1997: 48.5 constant 2022 US$ per person1998: 39.2 constant 2022 US$ per person1999: 43.6 constant 2022 US$ per person2000: 51.8 constant 2022 US$ per person2001: 62.4 constant 2022 US$ per person2002: 83.5 constant 2022 US$ per person2003: 115.2 constant 2022 US$ per person2004: 125.1 constant 2022 US$ per person2005: 140.4 constant 2022 US$ per person2006: 195 constant 2022 US$ per person2007: 239.3 constant 2022 US$ per person2008: 268.7 constant 2022 US$ per person2009: 188.9 constant 2022 US$ per person2010: 161.2 constant 2022 US$ per person2011: 162.4 constant 2022 US$ per person2012: 142.2 constant 2022 US$ per person2013: 157.1 constant 2022 US$ per person2014: 171.6 constant 2022 US$ per person2015: 179.7 constant 2022 US$ per person2016: 243.5 constant 2022 US$ per person2017: 325.4 constant 2022 US$ per person2018: 423 constant 2022 US$ per person2019: 476.9 constant 2022 US$ per person2020: 512.3 constant 2022 US$ per person2021: 548.6 constant 2022 US$ per person2022: 559.5 constant 2022 US$ per person2023: 584.4 constant 2022 US$ per person

Source: Statizoid (derived). Measured in constant 2022 US$ per person.

Analysis

The most recent figure for military spending, per capita in Latvia is 584.43 constant 2022 US$ per person, measured in 2023. That is the highest value across all 33 years on record.

Compared with earlier readings it is up 4.5% on the previous year and up 272.0% over ten years.

Over the whole period, military spending, per capita in Latvia peaked at 584.43 constant 2022 US$ per person in 2023 and was at its lowest, 18.84 constant 2022 US$ per person, in 1991.

Latvia ranks 34th of 171 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, per capita in Latvia, year by year

Annual values for Military spending, per capita in Latvia, 1991 to 2023.
Year constant 2022 US$ per person Change
1991 18.84 constant 2022 US$ per person
1992 38.98 constant 2022 US$ per person +106.9%
1993 37.26 constant 2022 US$ per person -4.4%
1994 37.5 constant 2022 US$ per person +0.6%
1995 48.61 constant 2022 US$ per person +29.6%
1996 49.88 constant 2022 US$ per person +2.6%
1997 48.45 constant 2022 US$ per person -2.9%
1998 39.16 constant 2022 US$ per person -19.2%
1999 43.59 constant 2022 US$ per person +11.3%
2000 51.75 constant 2022 US$ per person +18.7%
2001 62.4 constant 2022 US$ per person +20.6%
2002 83.52 constant 2022 US$ per person +33.8%
2003 115.18 constant 2022 US$ per person +37.9%
2004 125.14 constant 2022 US$ per person +8.6%
2005 140.39 constant 2022 US$ per person +12.2%
2006 194.99 constant 2022 US$ per person +38.9%
2007 239.35 constant 2022 US$ per person +22.8%
2008 268.68 constant 2022 US$ per person +12.3%
2009 188.94 constant 2022 US$ per person -29.7%
2010 161.24 constant 2022 US$ per person -14.7%
2011 162.36 constant 2022 US$ per person +0.7%
2012 142.25 constant 2022 US$ per person -12.4%
2013 157.1 constant 2022 US$ per person +10.4%
2014 171.61 constant 2022 US$ per person +9.2%
2015 179.69 constant 2022 US$ per person +4.7%
2016 243.46 constant 2022 US$ per person +35.5%
2017 325.4 constant 2022 US$ per person +33.7%
2018 423 constant 2022 US$ per person +30.0%
2019 476.86 constant 2022 US$ per person +12.7%
2020 512.35 constant 2022 US$ per person +7.4%
2021 548.6 constant 2022 US$ per person +7.1%
2022 559.52 constant 2022 US$ per person +2.0%
2023 584.43 constant 2022 US$ per person +4.5%

Latvia compared with similar countries

  • Latvia's 584.43 constant 2022 US$ per person is below the median for high income countries, which is 726.38 constant 2022 US$ per person, 80% of the median. (55 countries reporting)
  • Latvia's 584.43 constant 2022 US$ per person is above the median for Europe & Central Asia, which is 464.99 constant 2022 US$ per person, 1.3× the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending, per capita 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.

YearChange FromTo
1992 +106.9% 18.84 constant 2022 US$ per person 38.98 constant 2022 US$ per person

Averages by decade

DecadeAverage LowestHighest Years
1990s 40.25 constant 2022 US$ per person 18.84 constant 2022 US$ per person 49.88 constant 2022 US$ per person 9
2000s 147.03 constant 2022 US$ per person 51.75 constant 2022 US$ per person 268.68 constant 2022 US$ per person 10
2010s 244.3 constant 2022 US$ per person 142.25 constant 2022 US$ per person 476.86 constant 2022 US$ per person 10
2020s 551.22 constant 2022 US$ per person 512.35 constant 2022 US$ per person 584.43 constant 2022 US$ per person 4

Countries ranked near Latvia

  1. 31 Belgium 717.85 constant 2022 US$ per person compare
  2. 32 Italy 697.44 constant 2022 US$ per person compare
  3. 33 New Zealand 694.86 constant 2022 US$ per person compare
  4. 35 Austria 559.16 constant 2022 US$ per person compare
  5. 36 Spain 539.62 constant 2022 US$ per person compare
  6. 37 Japan 500.45 constant 2022 US$ per person compare

See the full ranking of 171 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is military spending, per capita in Latvia?
Military spending, per capita in Latvia was 584.43 constant 2022 US$ per person in 2023, according to Statizoid (derived).
What is the highest military spending, per capita recorded in Latvia?
The highest recorded value was 584.43 constant 2022 US$ per person in 2023.
What is the lowest military spending, per capita recorded in Latvia?
The lowest recorded value was 18.84 constant 2022 US$ per person in 1991.
How does Latvia rank for military spending, per capita?
Latvia ranks 34th out of 171 countries with data for 2023.
Is military spending, per capita rising or falling in Latvia?
Over the last ten years it is up 272.0%. 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, per capita. Statizoid updates them automatically from the source API.

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Military spending, per capita in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-per-capita-2/latvia/

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How this figure is calculated

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ Population, total

Computed from

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

Indicator
Military spending, per capita
Unit
constant 2022 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
171 places, 9,593 data points, 1960–2023
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.