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Latvia - Military Spending 2021

Name: Latvia Military Spending 2021
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

2.16% −0.07% from 2020 Global rank: 112th

Latvia's military spending was 2.16% in 2021, decreased +0.07% from 2.23% in 2020. This was the 112th highest globally.

Global Ranking - 2021▾

Military Spending by Country - 2021
Rank	Country	Value	YoY
1st	Haiti	0.15%	49.3%
2nd	Mauritius	0.17%	6.0%
3rd	Ireland	0.24%	-9.2%
4th	Papua New Guinea	0.33%	-16.2%
5th	Moldova	0.37%	-3.9%
6th	Ghana	0.38%	9.1%
7th	Guatemala	0.39%	-11.4%
8th	Malta	0.45%	-15.5%
9th	Luxembourg	0.47%	-18.5%
10th	Congo, Democratic Republic of	0.53%	-26.9%
11th	Cabo Verde	0.55%	-11.7%
12th	Nicaragua	0.55%	-12.7%
13th	Benin	0.55%	20.1%
14th	Sierra Leone	0.60%	23.5%
15th	Mongolia	0.62%	-12.7%
16th	Argentina	0.63%	-13.9%
17th	Dominican Republic	0.65%	-13.3%
18th	Mexico	0.66%	-8.1%
19th	Switzerland	0.67%	-12.9%
20th	Madagascar	0.68%	0.8%
21st	Malawi	0.73%	-12.5%
22nd	Indonesia	0.74%	-16.3%
23rd	Gambia, The	0.78%	-5.1%
24th	South Africa	0.81%	-15.7%
25th	Kazakhstan	0.82%	-9.7%
26th	Kosovo	0.85%	-17.3%
27th	Liberia	0.85%	99.4%
28th	Trinidad and Tobago	0.86%	5.7%
29th	Austria	0.87%	-1.4%
30th	Côte d'Ivoire	0.88%	-9.0%
31st	Bosnia and Herzegovina	0.89%	7.1%
32nd	Paraguay	0.92%	-10.6%
33rd	Sudan	0.93%	-5.2%
34th	Guyana	0.95%	-31.9%
35th	Zambia	0.98%	-15.7%
36th	Malaysia	0.98%	-1.7%
37th	Cameroon	0.99%	2.2%
38th	Tajikistan	1.00%	5.8%
39th	Nigeria	1.01%	60.2%
40th	Belgium	1.04%	3.6%
41st	Japan	1.06%	4.6%
42nd	Kenya	1.08%	-2.8%
43rd	Timor-Leste	1.08%	-39.1%
44th	Belize	1.10%	-13.3%
45th	Egypt, Arab Republic of	1.12%	0.0%
46th	Tanzania	1.12%	4.2%
47th	Brazil	1.15%	-13.4%
48th	Peru	1.16%	-11.6%
49th	New Zealand	1.16%	-13.1%
50th	Bangladesh	1.17%	-6.1%
51st	Somalia, Fed. Rep.	1.17%	2.9%
52nd	Sweden	1.19%	3.5%
53rd	El Salvador	1.21%	-12.3%
54th	Nepal	1.22%	-8.1%
55th	Slovenia	1.24%	16.4%
56th	Albania	1.24%	-4.1%
57th	Canada	1.25%	-10.0%
58th	Denmark	1.29%	-6.0%
59th	Germany	1.30%	-4.1%
60th	Finland	1.30%	-9.3%
61st	Hungary	1.32%	-24.7%
62nd	Bolivia, Plurinational State of	1.33%	-4.8%
63rd	Spain	1.34%	-1.2%
64th	Equatorial Guinea	1.35%	-18.0%
65th	Czechia	1.35%	4.5%
66th	Niger	1.36%	-21.7%
67th	Belarus	1.37%	-2.7%
68th	Netherlands	1.37%	-2.9%
69th	Angola	1.39%	-23.0%
70th	Philippines	1.41%	8.4%
71st	Thailand	1.42%	-2.9%
72nd	North Macedonia	1.45%	17.2%
73rd	Guinea-Bissau	1.46%	-3.8%
74th	Jamaica	1.47%	-14.0%
75th	Honduras	1.50%	2.1%
76th	European Union	1.50%	-2.4%
77th	Bulgaria	1.51%	-4.7%
78th	South Sudan	1.51%	-19.0%
79th	Rwanda	1.51%	2.6%
80th	Portugal	1.52%	6.3%
81st	Lesotho	1.54%	-18.4%
82nd	Guinea	1.55%	5.2%
83rd	Montenegro	1.56%	-10.5%
84th	Zimbabwe	1.57%	60.8%
85th	Georgia	1.59%	-10.9%
86th	Fiji	1.60%	-0.6%
87th	Gabon	1.60%	-6.7%
88th	China	1.61%	-8.6%
89th	Lebanon	1.61%	-46.8%
90th	Chile	1.65%	-20.2%
91st	Italy	1.66%	-3.9%
92nd	Norway	1.68%	-14.7%
93rd	Eswatini	1.68%	-9.5%
94th	Cambodia	1.70%	-4.4%
95th	Slovak Republic	1.71%	-10.1%
96th	Sri Lanka	1.71%	-1.6%
97th	Senegal	1.76%	24.7%
98th	Cyprus	1.78%	-5.9%
99th	Afghanistan	1.83%	34.5%
100th	Romania	1.85%	-7.8%
101st	Türkiye	1.86%	-15.3%
102nd	Mozambique	1.91%	-5.5%
103rd	Lithuania	1.95%	-4.9%
104th	Croatia	1.97%	16.2%
105th	Australia	1.98%	-1.4%
106th	France	1.98%	-2.1%
107th	Estonia	2.01%	-11.0%
108th	Burundi	2.04%	-6.5%
109th	United Kingdom	2.07%	-4.2%
110th	Chad	2.08%	-6.0%
111th	Central African Republic	2.15%	15.6%
112th	Latvia	2.16%	-3.2%
113th	Poland	2.22%	-2.0%
114th	Iran, Islamic Republic of	2.22%	2.2%
115th	Ecuador	2.24%	-8.8%
116th	Iraq	2.26%	-27.3%
117th	Uruguay	2.26%	10.0%
118th	Mauritania	2.29%	-4.0%
119th	Burkina Faso	2.33%	10.4%
120th	Uganda	2.34%	-5.2%
121st	Congo, Republic of	2.34%	-10.0%
122nd	Togo	2.39%	10.2%
123rd	Seychelles	2.46%	80.0%
124th	India	2.47%	-11.9%
125th	Singapore	2.54%	-9.5%
126th	Korea	2.62%	-0.9%
127th	Tunisia	2.63%	-3.1%
128th	Serbia	2.73%	18.9%
129th	Kyrgyz Republic	2.84%	-8.6%
130th	Botswana	3.05%	-8.7%
131st	Colombia	3.20%	-9.6%
132nd	Namibia	3.23%	-7.3%
133rd	Brunei Darussalam	3.24%	-10.9%
134th	Mali	3.38%	-0.5%
135th	Pakistan	3.39%	-2.8%
136th	United States	3.40%	-6.6%
137th	Ukraine	3.43%	-22.2%
138th	Bahrain	3.52%	-13.3%
139th	Russian Federation	3.58%	-13.7%
140th	Morocco	3.75%	-5.8%
141st	Greece	3.80%	25.8%
142nd	Myanmar	4.07%	30.3%
143rd	Armenia	4.47%	-10.4%
144th	Jordan	4.70%	-0.1%
145th	Algeria	4.89%	-16.9%
146th	Azerbaijan	4.93%	-5.9%
147th	Israel	4.93%	-6.5%
148th	Kuwait	6.35%	-1.9%
149th	Qatar	6.45%	337.8%
150th	Oman	6.62%	-17.5%
151st	Saudi Arabia	7.23%	-17.8%

FAQ

What was Latvia's military spending in 2021?▾

Latvia's military spending in 2021 was 2.16%. This ranked 112th globally.

How did Latvia's military spending change in 2021?▾

Latvia's military spending decreased by 3.2% in 2021 compared to 2020.

Which country had the highest military spending in 2021?▾

Saudi Arabia had the highest military spending in 2021 at 7.23%.

What is the military spending of Latvia in 2021?▾

The military spending of Latvia in 2021 was 2.16%. This ranked 112th globally.

How does 2021 compare to 2020 for Latvia's military spending?▾

Latvia's military spending went from 2.23% in 2020 to 2.16% in 2021, a 3.2% decrease.

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