Military Expenditure in Latvia increased to 629 USD Million in 2018 from 509 USD Million in 2017.

Military Expenditure in Latvia averaged 272.03 USD Million from 1993 until 2018, reaching an all time high of 629 USD Million in 2018 and a record low of 72.60 USD Million in 1997. Latvia Military Expenditure - values, historical data and charts - was last updated on September of 2020. source: SIPRI

Military Expenditure in Latvia is expected to reach 521.53 USD Million by the end of 2020, 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 2021 and 502.18 USD Million in 2022, according to our econometric models.

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Latvia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
629.00 509.00 629.00 72.60 1993 - 2018 USD Million Yearly
constant 2017 prices

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.20 48.10 8.50 percent [+]
Government Budget -0.20 -0.80 1.40 -9.60 percent of GDP [+]
Government Budget Value -73110698.00 137975307.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1346025.00 1132216.00 1469463.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 951963.00 1205733.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11292.00 11244.51 11391.00 811.71 EUR Million [+]
Fiscal Expenditure 998286.00 1068178.00 1621177.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Asylum Applications 5.00 0.00 70.00 0.00 persons [+]