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Latvia Defense Industry Outlook 2022 - 2026

See how Latvia Defense performed compared to key markets such as the United States, China and India.

Key Market Indicators

Latvian defence expenditure is set to reach around $920 million by 2026, up from $744 million in 2021. That's an average increase of 3.1% year on year since 1998. Latvia sits in 77th place in the 2021 ranking, behind Belarus at $744 million. China, India and Russia take the top three spots respectively.

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Latvia Defense Market Data and Forecasts