Key Market Indicators
Latvia's weapon import is projected to reach approximately $18.4 million by 2028, maintaining a stable compound annual growth rate (CAGR) from its current level of about $18.4 million in 2023. Historical data since 1998 shows a 2.6% annual decline in Latvian demand for weapon imports. In the 2023 rankings, Latvia occupies the 93rd position globally, with Malawi slightly ahead at the same figure of $18.4 million. Qatar, Saudi Arabia, and Kuwait hold the second, third, and fourth positions, respectively, in the ranking of weapon imports.
