Latvia - Government Budget Appropriations or Outlays for R&D in Defence
Since 2014, Latvia Government Budget Appropriations or Outlays for R&D in Defence jumped by 149.7% year on year. With $136.5 Million PPP in 2019, the country was number 34 among other countries in Government Budget Appropriations or Outlays for R&D in Defence. Latvia is overtaken by New Zealand, which was ranked number 33 at $139.97 Million PPP and is followed by Norway at $127.99 Million PPP. United States ranked the highest with $75,118.21 Million PPP in 2019, +0.4% compared to 2018. United States, South Korea and Russia respectively ranked number 2, 3 and 4 in this ranking. Greece recorded the best 5 years average growth at +319.6% per year, while Iceland witnessed the worst performance at -100% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 136.50 |
| 2018 | 130.49 |
| 2017 | 123.89 |
| 2016 | 108.55 |
| 2015 | 93.68 |
How does Latvia rank in Government Budget Appropriations or Outlays for R&D in Defence?
| # | 55 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
75,118.21 | 2019 | +0.4 % | +1.5 % | View data | |
| 3 |
#3
South Korea
|
24,055.59 | 2019 | +6.1 % | +54.3 % | View data | |
| 33 |
#33
New Zealand
|
139.97 | 2019 | -22.1 % | -30.8 % | View data | |
| 34 |
#34
Latvia
|
136.50 | 2019 | +4.6 % | +149.7 % | View data | |
| 36 |
#36
Sweden
|
117.18 | 2019 | -26.2 % | -3.7 % | View data | |