Latvia - Military Expenditure
Since 2014, Latvia Military Expenditure grew 19.1% year on year. In 2019, the country was number 80 comparing other countries in Military Expenditure with $709,807,433.95. Latvia is overtaken by Sudan, which was ranked number 79 with $722,256,177.42 and is followed by Armenia with $673,280,844.48. United States topped the ranking with $731,751,400,000 in 2019, an increase of 7.2% compared to 2018. China, India and Russia respectively ranked number 2, 3 and 4 in this ranking. Bulgaria recorded the best 5 years average growth at +23.3% per year, while Venezuela witnessed the worst performance at -55.3% per year.
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| Date | US Dollars |
|---|---|
| 2019 | 709,807,433.95 |
| 2018 | 723,534,341.32 |
| 2017 | 482,461,999.11 |
| 2016 | 404,552,452.17 |
| 2015 | 282,688,255.52 |
Download all data from 1993 to 2019
How does Latvia rank in Military Expenditure?
| # | 156 Countries | US Dollars | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
731,751,400,000.00 | 2019 | +7.2 % | +2.5 % | View data | |
| 2 |
#2
China
|
261,081,940,426.67 | 2019 | +3.0 % | +5.4 % | View data | |
| 79 |
#79
Sudan
|
722,256,177.42 | 2019 | -31.1 % | NA | View data | |
| 80 |
#80
Latvia
|
709,807,433.95 | 2019 | -1.9 % | +19.1 % | View data | |
| 81 |
#81
Armenia
|
673,280,844.48 | 2019 | +10.6 % | +8.0 % | View data | |