{"entity":{"iso2":"T2","iso3":"TLA","name":"Latin America & the Caribbean (IDA & IBRD countries)","slug":"latin-america-and-the-caribbean-ida-and-ibrd-countries"},"indicator":{"licence":"Derived by Statizoid from the sources named on the page","slug":"military-expenditure-current-usd-per-unit-of-gdp","source":"Statizoid (derived)","source_url":null,"title":"Military expenditure (current USD), per unit of GDP","unit":"current USD per US$ of GDP"},"observations":[{"date":"1960-01-01","value":0.0139935},{"date":"1961-01-01","value":0.01156},{"date":"1962-01-01","value":0.0170149},{"date":"1963-01-01","value":0.0166051},{"date":"1964-01-01","value":0.014173},{"date":"1965-01-01","value":0.0163015},{"date":"1966-01-01","value":0.0160392},{"date":"1967-01-01","value":0.0168963},{"date":"1968-01-01","value":0.0155027},{"date":"1969-01-01","value":0.0152931},{"date":"1970-01-01","value":0.0174752},{"date":"1971-01-01","value":0.0190496},{"date":"1972-01-01","value":0.0198292},{"date":"1973-01-01","value":0.0197218},{"date":"1974-01-01","value":0.0186023},{"date":"1975-01-01","value":0.016432},{"date":"1976-01-01","value":0.019456},{"date":"1977-01-01","value":0.0194572},{"date":"1978-01-01","value":0.0185705},{"date":"1979-01-01","value":0.0211252},{"date":"1980-01-01","value":0.0205251},{"date":"1981-01-01","value":0.0193912},{"date":"1982-01-01","value":0.0173036},{"date":"1983-01-01","value":0.0181448},{"date":"1984-01-01","value":0.0160601},{"date":"1985-01-01","value":0.0152419},{"date":"1986-01-01","value":0.0153913},{"date":"1987-01-01","value":0.0170004},{"date":"1988-01-01","value":0.0174284},{"date":"1989-01-01","value":0.0178979},{"date":"1990-01-01","value":0.0177923},{"date":"1991-01-01","value":0.0142372},{"date":"1992-01-01","value":0.0127095},{"date":"1993-01-01","value":0.0131104},{"date":"1994-01-01","value":0.0140589},{"date":"1995-01-01","value":0.0154245},{"date":"1996-01-01","value":0.0146695},{"date":"1997-01-01","value":0.0132537},{"date":"1998-01-01","value":0.0135187},{"date":"1999-01-01","value":0.0126991},{"date":"2000-01-01","value":0.0123014},{"date":"2001-01-01","value":0.012645},{"date":"2002-01-01","value":0.0118593},{"date":"2003-01-01","value":0.0111661},{"date":"2004-01-01","value":0.0110851},{"date":"2005-01-01","value":0.0118568},{"date":"2006-01-01","value":0.0117073},{"date":"2007-01-01","value":0.0121507},{"date":"2008-01-01","value":0.0126178},{"date":"2009-01-01","value":0.0134416},{"date":"2010-01-01","value":0.0131611},{"date":"2011-01-01","value":0.0124073},{"date":"2012-01-01","value":0.0125416},{"date":"2013-01-01","value":0.0129608},{"date":"2014-01-01","value":0.0120856},{"date":"2015-01-01","value":0.0116876},{"date":"2016-01-01","value":0.0114854},{"date":"2017-01-01","value":0.0121238},{"date":"2018-01-01","value":0.011938},{"date":"2019-01-01","value":0.0115763},{"date":"2020-01-01","value":0.0124141},{"date":"2021-01-01","value":0.0109209},{"date":"2022-01-01","value":0.0101677},{"date":"2023-01-01","value":0.0100648},{"date":"2024-01-01","value":0.0108619}],"summary":{"latest_period":"2024-01-01","latest_value":0.0108619,"max":0.0211252,"mean":0.0147105,"min":0.0100648,"of":41,"rank":39,"trend":"falling"}}