The country was number 4 in 2021, Estonia overtook 2.5 Percent of GDP. The United States, Australia and Estonia respectively came in numbers 2, 3 and 4 in this ranking.
How does Latvia rank in General Government Expenditure on Defence?
| # | 21 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 4.67 | 2023 | -1.52% | -3.01% | View data |
| 2 | 2 Australia | 2.43 | 2023 | +0.68% | +1.11% | View data |
| 3 | 3 Latvia | 2.31 | 2023 | +2.81% | +1.89% | |
| 4 | 4 Estonia | 2.29 | 2023 | +4.1% | +2.27% | View data |
| 5 | 5 United Kingdom | 2.21 | 2023 | +1.18% | +3.71% | View data |
Latest reports
US Defense Market Report- Q1 2025
The US defense market in the first quarter of 2025 is positioned for significant growth, driven by advancements in aerospace and missile systems,...
China Defense Market Report- Q1 2025
In the first quarter of 2025, China's defense market has experienced significant developments, driven by strategic realignments in response to escalating geopolitical tensions....
Japan Defense Market Report- Q4 2024
The fourth quarter of 2024 marked a significant period for the Japan defense market, driven by strategic initiatives and geopolitical imperatives. Japan's defense...
Germany Defense Market Report- Q1 2025
In the first quarter of 2025, Germany's defense market has been marked by significant investments and strategic advancements across various sectors, driven by...
India Defense Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Defense India landscape, driven by strategic partnerships, technological advancements, and significant investments aimed...
UK Defense Market Report- Q1 2025
In Q1 2025, the UK defense sector is marked by transformative trends and strategic advancements across multiple domains. With a focus on technological...
France Defense Market Report- Q1 2025
In the first quarter of 2025, the defense sector in France saw significant strategic developments and investments aimed at enhancing national security and...
Canada Defense Market Report- Q1 2025
The Canadian defense market in Q1 2025 has been marked by strategic shifts in response to global economic pressures and evolving security needs....
Brazil Defense Market Report- Q1 2025
The Brazilian Navy is set to significantly boost its maritime defense capabilities in Q1 2025 with the integration of MANSUP anti-ship missiles onto...
Italy Defense Market Report- Q1 2025
The defense sector in Italy is undergoing significant transformation, characterized by strategic alliances, technological advancements, and increased investments. In Q1 2025, Italy is...
