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Military spending, per unit of GDP in Latvia

Latvia: Military spending, per unit of GDP was 0.0257 constant 2022 US$ per US$ of GDP in 2023. ▲ Rising

Latest (2023)
0.0257 constant 2022 US$ per US$ of GDP
Change on year
down 7.0%
World rank
45th
of 170 countries
All-time high
0.0292 constant 2022 US$ per US$ of GDP
in 2020
All-time low
0.0107 constant 2022 US$ per US$ of GDP
in 2012
Years of data
29
1995–2023

Military spending, per unit of GDP in Latvia, 1995–2023

00.010.020.031995200920231995: 0.022 constant 2022 US$ per US$ of GDP1996: 0.021 constant 2022 US$ per US$ of GDP1997: 0.019 constant 2022 US$ per US$ of GDP1998: 0.014 constant 2022 US$ per US$ of GDP1999: 0.014 constant 2022 US$ per US$ of GDP2000: 0.016 constant 2022 US$ per US$ of GDP2001: 0.018 constant 2022 US$ per US$ of GDP2002: 0.021 constant 2022 US$ per US$ of GDP2003: 0.023 constant 2022 US$ per US$ of GDP2004: 0.02 constant 2022 US$ per US$ of GDP2005: 0.019 constant 2022 US$ per US$ of GDP2006: 0.021 constant 2022 US$ per US$ of GDP2007: 0.018 constant 2022 US$ per US$ of GDP2008: 0.017 constant 2022 US$ per US$ of GDP2009: 0.016 constant 2022 US$ per US$ of GDP2010: 0.014 constant 2022 US$ per US$ of GDP2011: 0.013 constant 2022 US$ per US$ of GDP2012: 0.011 constant 2022 US$ per US$ of GDP2013: 0.011 constant 2022 US$ per US$ of GDP2014: 0.011 constant 2022 US$ per US$ of GDP2015: 0.013 constant 2022 US$ per US$ of GDP2016: 0.018 constant 2022 US$ per US$ of GDP2017: 0.022 constant 2022 US$ per US$ of GDP2018: 0.025 constant 2022 US$ per US$ of GDP2019: 0.028 constant 2022 US$ per US$ of GDP2020: 0.029 constant 2022 US$ per US$ of GDP2021: 0.027 constant 2022 US$ per US$ of GDP2022: 0.028 constant 2022 US$ per US$ of GDP2023: 0.026 constant 2022 US$ per US$ of GDP

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

Analysis

The most recent figure for military spending, per unit of gdp in Latvia is 0.0257 constant 2022 US$ per US$ of GDP, measured in 2023.

Compared with earlier readings it is down 7.0% on the previous year and up 137.3% over ten years.

Over the whole period, military spending, per unit of gdp in Latvia peaked at 0.0292 constant 2022 US$ per US$ of GDP in 2020 and was at its lowest, 0.0107 constant 2022 US$ per US$ of GDP, in 2012.

That places Latvia 45th out of 170 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 29 years of available data.

Military spending, per unit of GDP in Latvia, year by year

Year constant 2022 US$ per US$ of GDP Change
1995 0.0215 constant 2022 US$ per US$ of GDP —
1996 0.0211 constant 2022 US$ per US$ of GDP -1.9%
1997 0.0186 constant 2022 US$ per US$ of GDP -12.2%
1998 0.0135 constant 2022 US$ per US$ of GDP -27.1%
1999 0.0142 constant 2022 US$ per US$ of GDP +5.1%
2000 0.0158 constant 2022 US$ per US$ of GDP +11.0%
2001 0.0178 constant 2022 US$ per US$ of GDP +12.8%
2002 0.0209 constant 2022 US$ per US$ of GDP +17.2%
2003 0.0234 constant 2022 US$ per US$ of GDP +12.3%
2004 0.0205 constant 2022 US$ per US$ of GDP -12.6%
2005 0.0193 constant 2022 US$ per US$ of GDP -5.9%
2006 0.0212 constant 2022 US$ per US$ of GDP +9.8%
2007 0.0179 constant 2022 US$ per US$ of GDP -15.4%
2008 0.0171 constant 2022 US$ per US$ of GDP -4.3%
2009 0.0157 constant 2022 US$ per US$ of GDP -8.1%
2010 0.0144 constant 2022 US$ per US$ of GDP -8.5%
2011 0.0126 constant 2022 US$ per US$ of GDP -12.7%
2012 0.0107 constant 2022 US$ per US$ of GDP -15.2%
2013 0.0108 constant 2022 US$ per US$ of GDP +1.6%
2014 0.0113 constant 2022 US$ per US$ of GDP +4.2%
2015 0.0135 constant 2022 US$ per US$ of GDP +19.4%
2016 0.0176 constant 2022 US$ per US$ of GDP +30.4%
2017 0.0215 constant 2022 US$ per US$ of GDP +22.2%
2018 0.0245 constant 2022 US$ per US$ of GDP +14.0%
2019 0.0276 constant 2022 US$ per US$ of GDP +12.5%
2020 0.0292 constant 2022 US$ per US$ of GDP +5.8%
2021 0.0271 constant 2022 US$ per US$ of GDP -7.2%
2022 0.0277 constant 2022 US$ per US$ of GDP +2.2%
2023 0.0257 constant 2022 US$ per US$ of GDP -7.0%

Latvia compared with similar countries

  • Latvia's 0.0257 constant 2022 US$ per US$ of GDP is above the median for high income countries, which is 0.0189 constant 2022 US$ per US$ of GDP, 1.4× the median. (55 countries reporting)
  • Latvia's 0.0257 constant 2022 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.0185 constant 2022 US$ per US$ of GDP, 1.4× the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.0178 constant 2022 US$ per US$ of GDP 0.0135 constant 2022 US$ per US$ of GDP 0.0215 constant 2022 US$ per US$ of GDP 5
2000s 0.019 constant 2022 US$ per US$ of GDP 0.0157 constant 2022 US$ per US$ of GDP 0.0234 constant 2022 US$ per US$ of GDP 10
2010s 0.0164 constant 2022 US$ per US$ of GDP 0.0107 constant 2022 US$ per US$ of GDP 0.0276 constant 2022 US$ per US$ of GDP 10
2020s 0.0274 constant 2022 US$ per US$ of GDP 0.0257 constant 2022 US$ per US$ of GDP 0.0292 constant 2022 US$ per US$ of GDP 4

Countries ranked near Latvia

  1. 42 India 0.0272 constant 2022 US$ per US$ of GDP compare
  2. 43 Lithuania 0.027 constant 2022 US$ per US$ of GDP compare
  3. 44 Ecuador 0.0258 constant 2022 US$ per US$ of GDP compare
  4. 46 United Kingdom 0.0246 constant 2022 US$ per US$ of GDP compare
  5. 47 Central African Republic 0.0246 constant 2022 US$ per US$ of GDP compare
  6. 48 Iraq 0.024 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is military spending, per unit of gdp in Latvia?
Military spending, per unit of gdp in Latvia was 0.0257 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Latvia?
The highest recorded value was 0.0292 constant 2022 US$ per US$ of GDP in 2020.
What is the lowest military spending, per unit of gdp recorded in Latvia?
The lowest recorded value was 0.0107 constant 2022 US$ per US$ of GDP in 2012.
How does Latvia rank for military spending, per unit of gdp?
Latvia ranks 45th out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Latvia?
Over the last ten years it is up 137.3%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/latvia/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

  • Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
  • GDP Country official statistics, National Statistical Organizations and/or Central Banks

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 unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.