Latvia Military Spending/Defense Budget 1992-2024
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
- Latvia military spending/defense budget for 2022 was $0.85B, a 3.12% increase from 2021.
- Latvia military spending/defense budget for 2021 was $0.82B, a 10.92% increase from 2020.
- Latvia military spending/defense budget for 2020 was $0.74B, a 7.25% increase from 2019.
- Latvia military spending/defense budget for 2019 was $0.69B, a 2.46% decline from 2018.
| Latvia Military Spending/Defense Budget - Historical Data |
| Year |
Billions of US $ |
% of GDP |
| 2022 |
$0.85B |
2.05% |
| 2021 |
$0.82B |
2.07% |
| 2020 |
$0.74B |
2.15% |
| 2019 |
$0.69B |
2.01% |
| 2018 |
$0.71B |
2.06% |
| 2017 |
$0.48B |
1.59% |
| 2016 |
$0.40B |
1.45% |
| 2015 |
$0.28B |
1.04% |
| 2014 |
$0.30B |
0.94% |
| 2013 |
$0.28B |
0.94% |
| 2012 |
$0.26B |
0.91% |
| 2011 |
$0.30B |
1.07% |
| 2010 |
$0.26B |
1.08% |
| 2009 |
$0.36B |
1.38% |
| 2008 |
$0.58B |
1.62% |
| 2007 |
$0.48B |
1.55% |
| 2006 |
$0.37B |
1.71% |
| 2005 |
$0.27B |
1.61% |
| 2004 |
$0.23B |
1.60% |
| 2003 |
$0.19B |
1.61% |
| 2002 |
$0.15B |
1.54% |
| 2001 |
$0.09B |
1.04% |
| 2000 |
$0.07B |
0.88% |
| 1999 |
$0.06B |
0.75% |
| 1998 |
$0.04B |
0.59% |
| 1997 |
$0.04B |
0.58% |
| 1996 |
$0.04B |
0.64% |
| 1995 |
$0.04B |
0.81% |
| 1994 |
$0.03B |
0.84% |
| 1993 |
$0.02B |
0.74% |
| 1992 |
$0.01B |
0.65% |
