Military spending sipri in Latvia
Latvia: Military spending sipri was 1.60 billion in 2025. ◆ Volatile
Latest (2025)
1.60 billion
Change on year
up 11.1%
World rank
74th
of 162 countries
All-time high
1.60 billion
in 2025
All-time low
98.87 million
in 1997
Years of data
33
1993–2025
Military spending sipri in Latvia, 1993–2025
Source: Our World in Data.
Analysis
Latvia recorded 1.60 billion for military spending sipri 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 sipri in Latvia peaked at 1.60 billion in 2025 and was at its lowest, 98.87 million, 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 sipri in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 115.97 million | — |
| 1994 | 135.50 million | +16.8% |
| 1995 | 131.31 million | -3.1% |
| 1996 | 102.09 million | -22.3% |
| 1997 | 98.87 million | -3.2% |
| 1998 | 106.52 million | +7.7% |
| 1999 | 138.44 million | +30.0% |
| 2000 | 172.95 million | +24.9% |
| 2001 | 217.09 million | +25.5% |
| 2002 | 354.93 million | +63.5% |
| 2003 | 409.48 million | +15.4% |
| 2004 | 442.01 million | +7.9% |
| 2005 | 514.36 million | +16.4% |
| 2006 | 646.60 million | +25.7% |
| 2007 | 704.86 million | +9.0% |
| 2008 | 690.61 million | -2.0% |
| 2009 | 438.60 million | -36.5% |
| 2010 | 332.09 million | -24.3% |
| 2011 | 343.67 million | +3.5% |
| 2012 | 315.92 million | -8.1% |
| 2013 | 339.20 million | +7.4% |
| 2014 | 351.79 million | +3.7% |
| 2015 | 401.59 million | +14.2% |
| 2016 | 578.80 million | +44.1% |
| 2017 | 657.24 million | +13.6% |
| 2018 | 895.90 million | +36.3% |
| 2019 | 896.05 million | +0.0% |
| 2020 | 941.84 million | +5.1% |
| 2021 | 975.00 million | +3.5% |
| 2022 | 972.04 million | -0.3% |
| 2023 | 1.27 billion | +30.9% |
| 2024 | 1.44 billion | +13.3% |
| 2025 | 1.60 billion | +11.1% |
Latvia compared with similar countries
- Latvia's 1.60 billion is below the median for high income countries, which is 6.82 billion, 23% of the median. (54 countries reporting)
- Latvia's 1.60 billion is below the median for Europe & Central Asia, which is 2.80 billion, 57% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 118.38 million | 98.87 million | 138.44 million | 7 |
| 2000s | 459.15 million | 172.95 million | 704.86 million | 10 |
| 2010s | 511.23 million | 315.92 million | 896.05 million | 10 |
| 2020s | 1.20 billion | 941.84 million | 1.60 billion | 6 |
Countries ranked near Latvia
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 sipri in Latvia?
- Military spending sipri in Latvia was 1.60 billion in 2025, according to Our World in Data.
- What is the highest military spending sipri recorded in Latvia?
- The highest recorded value was 1.60 billion in 2025.
- What is the lowest military spending sipri recorded in Latvia?
- The lowest recorded value was 98.87 million in 1997.
- How does Latvia rank for military spending sipri?
- Latvia ranks 74th out of 162 countries with data for 2025.
- Is military spending sipri 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 Our World in Data, published as part of Military spending sipri. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (Our World in Data).