Military Spending / Latvia
Latvia Military Spending
Latvia military spending data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 3.26%.
COUNTRY: Latvia
UNIT: percent of GDP
SOURCE: World Bank / public data sources
UPDATED: 2026-08-31 05:08:12
GM ECONOMY RATING
Latvia · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BB
63 / 100
Moderate stability
Fiscal stability
17.0 / 25
Macroeconomic stability
15.0 / 20
External stability
2.0 / 15
Financial robustness
n/a
Structural stability
13.0 / 15
Future capacity
8.0 / 10
Demographic capacity
2.0 / 5
Method: GM Economy multi-pillar stability model with structural and financial robustness adjustment. Coverage: 86% of weighted inputs available.
Time range:
Selected year: · Value:
Latvia · military spending data as percent of GDP.
Latest
3.26%
Previous
2.97%
Range avg.
2.13%
Rank
22
Countries by military spending
full rankingGM ECONOMY
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Countries, indicators and comparisons
CountryLatvia
IndicatorMilitary Spending
3.26%2024 · Rank 22
Chart range
All indicators
Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Latvia recorded 3.26% for Military Spending in 2024, the latest available observation in this dataset.
Compared with 2023, the indicator increased by 0.29 percentage points, from 2.97% to 3.26%.
The latest observation is above the average of the last 10 available observations (2.13%).
Across the five latest available observations (2020–2024), the pattern is predominantly upward.
Within the last 10 available observations, the low was 1.07% in 2015 and the high was 3.26% in 2024.
Comparison
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Tax RevenueGC.TAX.TOTL.GD.ZS
Fiscal BalanceGC.BAL.CASH.GD.ZS