Ratio of military expenditure to gross domestic product (GDP) in Latvia 2022

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.
Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.

Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Lithuania and Estonia.