Latvia - R&D Budget for Defence

Since 2014, Latvia R&D Budget for Defence grew 17.3% year on year. At $3.13 Million PPP in 2019, the country was ranked number 30 comparing other countries in R&D Budget for Defence. Latvia is overtaken by Belgium, which was ranked number 29 with $3.78 Million PPP and is followed by Slovenia with $2.73 Million PPP. United States topped the ranking with $69,037 Million PPP in 2019, an increase of 2.3% compared to 2018. South Korea, Germany and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. Greece witnessed the best average annual growth at +90.2% per year, while Colombia recorded the worst performance at -8.1% per year.

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Date Million US Dollars PPP
2019 3.13
2018 2.94
2017 2.75
2016 2.89
2015 1.81
Download all data from 2005 to 2019

How does Latvia rank in R&D Budget for Defence?

# 36 Countries Million US Dollars PPP Last YoY 5‑years CAGR
1 #1
United States
69,037.00 2019 +2.3 % +8.4 % View data
2 #2
South Korea
3,663.74 2019 +2.2 % +5.9 % View data
29 #29
Belgium
3.78 2019 -5.1 % -6.2 % View data
30 #30
Latvia
3.13 2019 +6.4 % +17.3 % View data
31 #31
Slovenia
2.73 2019 +179.1 % +37.1 % View data
Compare all 36 countries

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