Latvia - Defence Budget on R&D
Since 2014, Latvia Defence Budget on R&D rose 9.7points year on year. With 2.91 Percent of Total GBARD in 2019, the country was ranked number 14 among other countries in Defence Budget on R&D. Latvia is overtaken by Japan, which was number 13 with 2.92 Percent of Total GBARD and is followed by Sweden at 2.82 Percent of Total GBARD. United States topped the ranking with 46.66 Percent of Total GBARD in 2019, -0.1points compared to 2018. Turkey, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. Greece recorded the best 5 years average growth at +65.5points per year, while Switzerland was the worst growing country at -18.9points per year.
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| Date | Percent of Total GBARD |
|---|---|
| 2019 | 2.91 |
| 2018 | 2.76 |
| 2017 | 2.61 |
| 2016 | 2.66 |
| 2015 | 1.93 |
Download all data from 2005 to 2019
How does Latvia rank in Defence Budget on R&D?
| # | 34 Countries | Percent of Total GBARD | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
46.66 % | 2019 | -0.1 % | +2.6 % | View data | |
| 2 |
#2
Turkey
|
20.78 % | 2020 | +11.0 % | +14.2 % | View data | |
| 13 |
#13
Japan
|
2.92 % | 2020 | -3.9 % | -7.7 % | View data | |
| 14 |
#14
Latvia
|
2.91 % | 2019 | +5.5 % | +9.7 % | View data | |
| 15 |
#15
Sweden
|
2.82 % | 2019 | -24.5 % | -5.5 % | View data | |