Latvia's arms imports (SIPRI trend indicator values) was 19 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 280% from 5 million in 2014 (14.28% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19 million | 2024 |
| Five years earlier | 31 million | 2019 |
| Ten years earlier | 5 million | 2014 |
| Highest | 51 million | 2007 |
| Lowest | 0 | 1992 |
| Average since 2015 | 23.8 million | 2015–2024 |
| First recorded | 0 | 1992 |
What the numbers say
In 2024, Latvia's arms imports (SIPRI trend indicator values) fell 28 million on 2023 (from 47 million to 19 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.3 million and a typical year strayed about 14.91 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 42 million in 2007 and the biggest yearly fall was 35 million in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Latvia had the 7th highest value of the 23 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Latvia | 19 million | 2024 |
| World | 33.33 billion | 2025 |
| Europe & Central Asia | 14.57 billion | 2025 |
| High income | 20.57 billion | 2025 |
Closest to Latvia in the 2024 ranking
- Iran, Islamic Rep. — 4th of 23: 42 million
- Jordan — 5th of 23: 34 million
- Brunei Darussalam — 6th of 23: 28 million
- Slovenia — 8th of 23: 19 million
- Georgia — 9th of 23: 15 million
- Equatorial Guinea — 10th of 23: 12 million
What this measures
Arms transfers (imports) cover the volume of transfers of major arms through sales and gifts, and those made through manufacturing licenses. Data cover major conventional weapons such as aircraft, armored vehicles, artillery, radar systems, missiles, and ships. Figures are SIPRI Trend Indicator Values (TIVs). A '0' indicates that the volume of deliveries is between 0 and 0.5 million SIPRI TIV.
Limitations: SIPRI calculates the volume of transfers to, from and between all parties using the TIV and the number of weapon systems or subsystems delivered in a given year. This data is intended to provide a common unit to allow the measurement if trends in the flow of arms to particular countries and regions over time. Therefore, the main priority is to ensure that the TIV system remains consistent over time, and that any changes introduced are backdated. SIPRI TIV figures do not represent sales prices for arms transfers.
Regional and income-group figures are computed by the World Bank as a sum.
All 33 values
| Year | Arms imports (SIPRI trend indicator values) |
|---|---|
| 2024 | 19,000,000 |
| 2023 | 47,000,000 |
| 2022 | 34,000,000 |
| 2021 | 15,000,000 |
| 2020 | 10,000,000 |
| 2019 | 31,000,000 |
| 2018 | 21,000,000 |
| 2017 | 30,000,000 |
| 2016 | 28,000,000 |
| 2015 | 3,000,000 |
| 2014 |
Arms imports (SIPRI trend indicator values) in nearby economies
- Albania — 23 million (2025)
- Armenia — 21 million (2025)
- Austria — 29 million (2025)
- Azerbaijan — 463 million (2025)
- Belarus — 466 million (2025)
- Belgium — 430 million (2025)
- Bosnia and Herzegovina — 1 million (2025)
- Bulgaria — 540 million (2025)
- Croatia — 141 million (2025)
- Cyprus — 28 million (2025)
More public sector data for Latvia
- Military expenditure (current USD) — 1.73 billion (2025)
- Military expenditure (current LCU) — 1.54 billion (2025)
- Military expenditure (% of GDP) — 3.61% (2025)
- Net investment in nonfinancial assets (current LCU) — 2.07 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 5.08% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — -798.05 million (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — -1.96% (2024)
- Grants and other revenue (current LCU) — 2.77 billion (2024)
- Grants and other revenue (% of revenue) — 19.01% (2024)
- Social contributions (current LCU)
Reading data like this
Questions people ask
- What is Latvia's arms imports (SIPRI trend indicator values)?
- 19 million in 2024, according to the World Bank (World Development Indicators).
- How does Latvia rank?
- 7th highest of 23 economies with data for 2024.
- Is the latest change in arms imports (SIPRI trend indicator values) unusual for Latvia?
- In 2024, Latvia's arms imports (SIPRI trend indicator values) fell 28 million on 2023 (from 47 million to 19 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.3 million and a typical year strayed about 14.91 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI), uri: https://armstransfers.sipri.org/ArmsTransfer/.
Source
World Bank, World Development Indicators, indicator MS.MIL.MPRT.KD, licensed CC BY 4.0. Original source: Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI), uri: https://armstransfers.sipri.org/ArmsTransfer/ Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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