Latvia Military Spending
Defense budget and military expenditure data (1993–2027)
Data updated: July 7, 2026
Key Facts (2026 estimate)
Military Expenditure
$1.7 billion
Ranked #70 of 153 countries worldwide
Percent of GDP
4.9%
Ranked #10 of 163 countries by % of GDP
Year-over-Year Change
+5.0%
From $1.6B in 2025
Historical Peak Spending
$1.8 billion
Reached in 2027
Latvia Defense Budget Summary
In 2026, Latvia is estimated to have spent $1.7 billion on military and defense, representing 4.9% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Latvia is the #70 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 5.0%, from $1.6 billion to $1.7 billion. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 5.0% in 2027. The historical average military budget is 1.7% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2024 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2024 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2027(estimate) | 5.00% | $1,761M |
| 2026(estimate) | 4.90% | $1,681M |
| 2025 | 3.61% | $1,601M |
| 2024 | 3.30% | $1,441M |
| 2023 | 2.93% | $1,272M |
| 2022 | 2.25% | $972M |
| 2021 | 2.16% | $975M |
| 2020 | 2.23% | $942M |
| 2019 | 2.09% | $896M |
| 2018 | 2.13% | $896M |
| 2017 | 1.65% | $657M |
| 2016 | 1.50% | $579M |
| 2015 | 1.07% | $402M |
| 2014 | 0.98% | $352M |
| 2013 | 0.97% | $339M |
| 2012 | 0.94% | $316M |
| 2011 | 1.11% | $344M |
| 2010 | 1.11% | $332M |
| 2009 | 1.42% | $439M |
| 2008 | 1.70% | $691M |
| 2007 | 1.64% | $705M |
| 2006 | 1.80% | $647M |
| 2005 | 1.67% | $514M |
| 2004 | 1.66% | $442M |
| 2003 | 1.68% | $409M |
| 2002 | 1.59% | $355M |
| 2001 | 1.06% | $217M |
| 2000 | 0.90% | $173M |
| 1999 | 0.77% | $138M |
| 1998 | 0.60% | $107M |
| 1997 | 0.60% | $99M |
| 1996 | 0.66% | $102M |
| 1995 | 0.83% | $131M |
| 1994 | 0.84% | $136M |
| 1993 | 0.74% | $116M |