Latvia Military Spending
Defense budget and military expenditure data (1993–2026)
Key Facts (2026 estimate)
Military Expenditure
$1.5 billion
Ranked #69 of 148 countries worldwide
Percent of GDP
3.3%
Ranked #30 of 157 countries by % of GDP
Year-over-Year Change
+4.7%
From $1.5B in 2025
Historical Peak Spending
$1.5 billion
Reached in 2026
Latvia Defense Budget Summary
In 2026, Latvia is estimated to have spent $1.5 billion on military and defense, representing 3.3% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Latvia is the #69 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 4.7%, from $1.5 billion to $1.5 billion. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 3.3% in 2026. The historical average military budget is 1.6% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2023 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2023 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2026(estimate) | 3.30% | $1,545M |
| 2025(estimate) | 3.10% | $1,475M |
| 2024 | 3.26% | $1,405M |
| 2023 | 2.97% | $1,254M |
| 2022 | 2.25% | $958M |
| 2021 | 2.16% | $961M |
| 2020 | 2.23% | $928M |
| 2019 | 2.09% | $883M |
| 2018 | 2.13% | $883M |
| 2017 | 1.65% | $648M |
| 2016 | 1.50% | $571M |
| 2015 | 1.07% | $396M |
| 2014 | 0.98% | $347M |
| 2013 | 0.97% | $334M |
| 2012 | 0.94% | $311M |
| 2011 | 1.11% | $339M |
| 2010 | 1.11% | $327M |
| 2009 | 1.42% | $432M |
| 2008 | 1.70% | $681M |
| 2007 | 1.64% | $695M |