World Bank Open Data · CC BY 4.0 Some World Bank indicators are published with a lag. The site always shows the latest actually available year for each country and indicator.
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Latvia
Military expenditure (% of GDP)

Military expenditure by country as percentage of gross domestic product

Global rank#21out of 147 countries
Go to rankingOpenglobal ranking and map

Historical trend

3.32.61.91.30.6199320092024Latvia · 2024: 3.26%Latvia

Analytical takeaways

  • Latvia records 3.26% for Military expenditure (% of GDP) in 2024, ranking #21 globally out of 147 countries.
  • Military expenditure (% of GDP) increased from 0.74% in 1993 to 3.26% in 2024, a gain of 2.52%.
  • The country sits in the top quartile of the global distribution for this metric, making the page useful for leader-oriented high-intent searches.

Comparison

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