Military Expenditure in Latvia increased to 727 USD Million in 2019 from 724 USD Million in 2018. source: SIPRI
Military Expenditure in Latvia averaged 310.06 USD Million from 1993 until 2019, reaching an all time high of 727 USD Million in 2019 and a record low of 78.30 USD Million in 1997. Latvia Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Latvia is expected to reach 520.94 USD Million by the end of 2021, 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 2022 and 502.18 USD Million in 2023, according to our econometric models.