Military Expenditure in Latvia increased to 727 USD Million in 2019 from 724 USD Million in 2018. source: SIPRI

Military Expenditure in Latvia averaged 310.06 USD Million from 1993 until 2019, reaching an all time high of 727 USD Million in 2019 and a record low of 78.30 USD Million in 1997. Latvia Military Expenditure - values, historical data and charts - was last updated on April of 2021.

Military Expenditure in Latvia is expected to reach 520.94 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Military Expenditure is projected to trend around 511.53 USD Million in 2022 and 502.18 USD Million in 2023, according to our econometric models.

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Latvia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
727.00 724.00 727.00 78.30 1993 - 2019 USD Million Yearly
constant 2018 prices

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.20 48.10 8.50 percent [+]
Government Budget -0.20 -0.80 1.40 -9.60 percent of GDP [+]
Government Budget Value -125850748.00 82687376.00 265296344.00 -465259486.00 EUR Million [+]
Government Spending 1478948.00 1157723.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 1146779.00 1096690.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13152.60 12755.90 13152.60 811.71 EUR Million [+]
Fiscal Expenditure 1216817.00 926532.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 727.00 724.00 727.00 78.30 USD Million [+]
Asylum Applications 5.00 10.00 70.00 0.00 persons [+]