Latvia Military expenditures - dollar figure

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Military expenditures - dollar figure: $60 million (FY99)

Definition: This entry gives current military expenditures in US dollars; the figure is calculated by multiplying the estimated defense spending in percentage terms by the gross domestic product (GDP) calculated on an exchange rate basis, not purchasing power parity (PPP) terms.  Dollar figures for military expenditures should be treated with caution because of different price patterns and accounting methods among nations, as well as wide variations in the strength of their currencies.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of April 17, 2000

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