Military Expenditure in Latvia increased to 629 USD Million in 2018 from 509 USD Million in 2017.
Military Expenditure in Latvia averaged 272.03 USD Million from 1993 until 2018, reaching an all time high of 629 USD Million in 2018 and a record low of 72.60 USD Million in 1997. Latvia Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI
Military Expenditure in Latvia is expected to reach 521.53 USD Million by the end of 2020, 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 2021 and 502.18 USD Million in 2022, according to our econometric models.