OHMEGA/MONSTER

Latvia LatviaEurope & Central Asia

Latvia: 98th largest economy, 75th in military spending

Head of state Edgars RinkēvičsHead of government Andris KulbergsCapital Riga
Population1.8M#147 of 194 in the world · 2025
GDP$48.6B#98 of 193 in the world · 2025
GDP per person$26.3k#49 of 193 in the world · 2025
Fossil fuel output0.0 TWh#159 of 186 in the world · 2016
Military spending$1.4B#75 of 167 in the world · 2024

Bars show the share of states this actor is ahead of. Rank is among states, each at its latest year.

1.8M people, 69% in cities

  • Population1.8M2025
  • Population growth-1.0%2025
  • Urban population68.6%2025
  • Land area62.2k km²2023

A $48.6B economy, $26.3k per person

  • GDP$48.6B2025
  • GDP (purchasing power)$85.3B2025
  • GDP per person$26.3k2025
  • GDP per person (purchasing power)$46.1k2025
  • GDP growth2.1%2025

Fuels are 8% of goods exports

  • Exports, share of GDP62.6%2025
  • Imports, share of GDP67.2%2025
  • Fuels, share of goods exports8.2%2025
  • Exports of goods and services$30.4B2025
  • Imports of goods and services$32.6B2025

Fossil fuel output of 0.0 TWh

Oilmade 0.0 TWhused 19 TWh
Gasmade 0.0 TWhused 8.2 TWh
Coalmade 0.0 TWhused 0.1 TWh
  • Fossil fuel production (oil + gas + coal)0.0 TWh2016
  • Primary energy consumption39 TWh2024
  • Energy use per person20.7 MWh2024
  • Electricity generation6.3 TWh2025
  • Electricity from fossil fuels27.0%2025

Spends $1.4B on its military, 3.3% of GDP

  • Military spending$1.4B2024
  • Military spending, share of GDP3.3%2024
  • Armed forces personnel9k2020
  • Arms imports (SIPRI trend-indicator value, 1990 US$)$10M2024
  • Arms exports (SIPRI trend-indicator value, 1990 US$)$1M2024

What Latvia's leaders said lately

8 statements on record, newest first

  • Edgars Rinkēvičs, President of Latvia · 5 Octreassurance
    Praised excellent relations between Latvia and Estonia and thanked Estonia for regular hands-on support in patrolling the Latvian-Belarusian border. source ↗
  • Edgars Rinkēvičs, President of Latvia · 5 Octaccusation
    Expressed Latvia's solidarity with Estonia after recent acts of sabotage against Estonian defence industry company Milrem Robotics orchestrated by Russian secret services. source ↗
  • Edgars Rinkēvičs, President of Latvia · 5 Octaccusation
    Said Russia uses these attacks and acts of sabotage to undermine support to Ukraine, cause confusion among people and test NATO. source ↗

Where these numbers come from

Leaders as of 2026-10-05. Figures fetched 2026-10-05; each shows its own year.