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Latvia - Military Spending 2017

Name: Latvia Military Spending 2017
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

1.65% +0.15% from 2016 Global rank: 92nd

Latvia's military spending was 1.65% in 2017, increased +0.15% from 1.50% in 2016. This was the 92nd highest globally.

Global Ranking - 2017▾

Military Spending by Country - 2017
Rank	Country	Value	YoY
1st	Haiti	0.04%	-11.3%
2nd	Mauritius	0.17%	-5.3%
3rd	Ireland	0.30%	-9.7%
4th	Ghana	0.31%	7.3%
5th	Moldova	0.32%	-5.7%
6th	Papua New Guinea	0.36%	-6.8%
7th	Guatemala	0.38%	-12.9%
8th	Liberia	0.40%	-11.1%
9th	Mexico	0.42%	-11.5%
10th	Nigeria	0.43%	-0.5%
11th	Malta	0.46%	-8.0%
12th	Cabo Verde	0.47%	-14.5%
13th	Luxembourg	0.50%	30.7%
14th	Madagascar	0.51%	1.0%
15th	Malawi	0.53%	17.3%
16th	Nicaragua	0.63%	-2.1%
17th	Switzerland	0.67%	0.1%
18th	Dominican Republic	0.67%	5.1%
19th	Sierra Leone	0.68%	-5.2%
20th	Congo, Democratic Republic of	0.74%	-27.7%
21st	Somalia, Fed. Rep.	0.75%	16.1%
22nd	Austria	0.76%	3.8%
23rd	Mongolia	0.76%	-11.8%
24th	Kosovo	0.80%	3.2%
25th	Kazakhstan	0.83%	-10.9%
26th	Trinidad and Tobago	0.85%	-7.5%
27th	Argentina	0.85%	4.8%
28th	Bosnia and Herzegovina	0.85%	-7.6%
29th	Indonesia	0.87%	9.2%
30th	Belgium	0.89%	-1.3%
31st	Paraguay	0.89%	-6.1%
32nd	North Macedonia	0.90%	-7.7%
33rd	Japan	0.91%	-1.8%
34th	Benin	0.92%	36.7%
35th	South Africa	0.94%	-2.8%
36th	Czechia	0.94%	-4.3%
37th	Afghanistan	0.95%	-1.2%
38th	Côte d'Ivoire	0.97%	-22.5%
39th	Jamaica	0.97%	1.9%
40th	Mozambique	0.98%	7.1%
41st	Slovenia	0.99%	-2.4%
42nd	Belize	1.01%	5.0%
43rd	Sweden	1.03%	-2.2%
44th	Tajikistan	1.04%	-14.1%
45th	Uganda	1.04%	3.6%
46th	El Salvador	1.04%	2.0%
47th	New Zealand	1.05%	1.6%
48th	Tanzania	1.06%	-3.5%
49th	Malaysia	1.10%	-20.5%
50th	Slovak Republic	1.10%	-1.0%
51st	Albania	1.11%	0.5%
52nd	Bangladesh	1.13%	-8.0%
53rd	Equatorial Guinea	1.13%	-8.9%
54th	Germany	1.13%	0.2%
55th	Netherlands	1.14%	-0.6%
56th	Cameroon	1.14%	-0.7%
57th	Denmark	1.14%	-1.0%
58th	Philippines	1.17%	11.7%
59th	Hungary	1.19%	19.3%
60th	Spain	1.22%	8.3%
61st	Bulgaria	1.22%	-1.7%
62nd	Kenya	1.24%	-0.8%
63rd	Portugal	1.24%	-19.6%
64th	Rwanda	1.25%	0.7%
65th	Guyana	1.25%	8.6%
66th	Peru	1.27%	-4.3%
67th	Zambia	1.30%	-9.0%
68th	Guinea-Bissau	1.31%	3.5%
69th	European Union	1.31%	0.6%
70th	Seychelles	1.33%	-5.0%
71st	Thailand	1.34%	0.8%
72nd	Central African Republic	1.34%	-8.8%
73rd	Italy	1.35%	1.8%
74th	Canada	1.35%	16.1%
75th	Finland	1.36%	-4.9%
76th	Montenegro	1.36%	-3.4%
77th	Burkina Faso	1.36%	17.0%
78th	Belarus	1.37%	-9.9%
79th	Togo	1.40%	2.7%
80th	Fiji	1.40%	27.3%
81st	Brazil	1.41%	4.9%
82nd	Egypt, Arab Republic of	1.42%	-14.7%
83rd	Senegal	1.47%	-8.2%
84th	Zimbabwe	1.47%	-15.5%
85th	Nepal	1.48%	1.1%
86th	Bolivia, Plurinational State of	1.54%	0.4%
87th	Cambodia	1.56%	8.5%
88th	Cyprus	1.57%	11.6%
89th	Honduras	1.59%	3.8%
90th	Timor-Leste	1.61%	0.4%
91st	Croatia	1.63%	2.8%
92nd	Latvia	1.65%	10.1%
93rd	Chad	1.66%	-28.2%
94th	Norway	1.71%	5.4%
95th	China	1.71%	-3.3%
96th	Lithuania	1.71%	15.7%
97th	Romania	1.73%	21.4%
98th	Serbia	1.75%	-5.6%
99th	Guinea	1.76%	-6.2%
100th	Viet Nam	1.80%	-7.5%
101st	Niger	1.81%	13.1%
102nd	Gabon	1.81%	25.1%
103rd	France	1.85%	0.0%
104th	Poland	1.89%	-2.5%
105th	Uruguay	1.91%	5.6%
106th	Eswatini	1.92%	-7.2%
107th	Chile	1.94%	0.9%
108th	Georgia	1.94%	-4.8%
109th	United Kingdom	1.95%	-1.7%
110th	Estonia	1.97%	-2.9%
111th	Sri Lanka	1.98%	-0.1%
112th	Burundi	2.00%	-10.7%
113th	Australia	2.01%	-4.0%
114th	Tunisia	2.03%	-8.7%
115th	Türkiye	2.05%	0.0%
116th	Mauritania	2.12%	-1.1%
117th	Lesotho	2.27%	15.6%
118th	Korea	2.30%	-1.6%
119th	Ecuador	2.36%	-8.4%
120th	Angola	2.51%	-8.2%
121st	India	2.53%	-0.5%
122nd	Greece	2.56%	-0.6%
123rd	Iran, Islamic Republic of	2.84%	1.7%
124th	Brunei Darussalam	2.87%	-19.1%
125th	Cuba	2.87%	-6.5%
126th	Morocco	2.95%	-1.2%
127th	Singapore	2.97%	-4.0%
128th	Mali	3.03%	17.1%
129th	Kyrgyz Republic	3.10%	-7.2%
130th	Congo, Republic of	3.18%	-30.8%
131st	Colombia	3.21%	4.5%
132nd	Ukraine	3.24%	-11.6%
133rd	Botswana	3.25%	-4.8%
134th	Sudan	3.29%	44.2%
135th	United States	3.30%	-3.1%
136th	Pakistan	3.36%	5.0%
137th	Namibia	3.52%	-11.3%
138th	Myanmar	3.64%	-10.9%
139th	Azerbaijan	3.76%	1.8%
140th	Armenia	3.85%	-5.9%
141st	Iraq	3.91%	10.1%
142nd	South Sudan	3.99%	-17.6%
143rd	Russian Federation	4.25%	-21.7%
144th	Bahrain	4.32%	-7.5%
145th	Lebanon	4.60%	-9.7%
146th	Jordan	4.68%	5.6%
147th	Algeria	5.31%	-6.1%
148th	Israel	5.43%	0.2%
149th	Kuwait	5.61%	-4.9%
150th	Oman	8.41%	-20.4%
151st	Saudi Arabia	9.85%	3.0%

FAQ

What was Latvia's military spending in 2017?▾

Latvia's military spending in 2017 was 1.65%. This ranked 92nd globally.

How did Latvia's military spending change in 2017?▾

Latvia's military spending increased by 10.1% in 2017 compared to 2016.

Which country had the highest military spending in 2017?▾

Saudi Arabia had the highest military spending in 2017 at 9.85%.

What is the military spending of Latvia in 2017?▾

The military spending of Latvia in 2017 was 1.65%. This ranked 92nd globally.

How does 2017 compare to 2016 for Latvia's military spending?▾

Latvia's military spending went from 1.50% in 2016 to 1.65% in 2017, a 10.1% increase.

HistorySaid - pattern alert

Latvia matched the Export Boom Cycle pattern in 2017. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 0.7%. View full analysis →

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