The ratio of military expenditure to gross domestic product (GDP) in Latvia saw no significant changes in 2022 in comparison to the previous year 2021 and remained at around 2.05 percent. Still, 2022 marked the second consecutive decline of the ratio. These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Lithuania and Estonia.
Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank. (May 30, 2024). Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/
World Bank. "Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/
World Bank. (2024). Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/
World Bank. "Latvia: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/
World Bank, Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/ (last visited July 22, 2024)
Latvia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/810462/ratio-of-military-expenditure-to-gross-domestic-product-gdp-latvia/