Military Expenditure in Latvia increased to 739 USD Million in 2020 from 692 USD Million in 2019. source: SIPRI
Military Expenditure in Latvia averaged 316.82 USD Million from 1993 until 2020, reaching an all time high of 739 USD Million in 2020 and a record low of 76.30 USD Million in 1997. Latvia Military Expenditure - values, historical data and charts - was last updated on July of 2021.
Military Expenditure in Latvia is expected to reach 520.94 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Military Expenditure is projected to trend around 511.53 USD Million in 2022 and 502.18 USD Million in 2023, according to our econometric models.