{"entity":{"iso2":"XJ","iso3":"LAC","name":"Latin America & Caribbean (excluding high income)","slug":"latin-america-and-caribbean-excluding-high-income"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"military-expenditure-percent-of-gdp","source":"SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)","source_url":"https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS","title":"Military expenditure (% of GDP)","unit":"% of GDP"},"observations":[{"date":"1960-01-01","value":1.96769},{"date":"1961-01-01","value":1.83874},{"date":"1962-01-01","value":2.12773},{"date":"1963-01-01","value":1.94389},{"date":"1964-01-01","value":1.65399},{"date":"1965-01-01","value":1.91014},{"date":"1966-01-01","value":1.87561},{"date":"1967-01-01","value":2.02875},{"date":"1968-01-01","value":1.83273},{"date":"1969-01-01","value":1.85942},{"date":"1970-01-01","value":1.96101},{"date":"1971-01-01","value":1.96105},{"date":"1972-01-01","value":1.87325},{"date":"1973-01-01","value":1.77676},{"date":"1974-01-01","value":1.66},{"date":"1975-01-01","value":1.82797},{"date":"1976-01-01","value":2.02581},{"date":"1977-01-01","value":2.06121},{"date":"1978-01-01","value":2.11353},{"date":"1979-01-01","value":1.79749},{"date":"1980-01-01","value":1.37402},{"date":"1981-01-01","value":1.38247},{"date":"1982-01-01","value":1.54368},{"date":"1983-01-01","value":1.72463},{"date":"1984-01-01","value":1.52194},{"date":"1985-01-01","value":1.47416},{"date":"1986-01-01","value":1.49282},{"date":"1987-01-01","value":1.70365},{"date":"1988-01-01","value":1.72274},{"date":"1989-01-01","value":1.97992},{"date":"1990-01-01","value":1.60751},{"date":"1991-01-01","value":1.38604},{"date":"1992-01-01","value":1.23031},{"date":"1993-01-01","value":1.27843},{"date":"1994-01-01","value":1.37746},{"date":"1995-01-01","value":1.51796},{"date":"1996-01-01","value":1.43881},{"date":"1997-01-01","value":1.28795},{"date":"1998-01-01","value":1.31966},{"date":"1999-01-01","value":1.22601},{"date":"2000-01-01","value":1.1925},{"date":"2001-01-01","value":1.23357},{"date":"2002-01-01","value":1.15398},{"date":"2003-01-01","value":1.07288},{"date":"2004-01-01","value":1.05418},{"date":"2005-01-01","value":1.14331},{"date":"2006-01-01","value":1.12352},{"date":"2007-01-01","value":1.18499},{"date":"2008-01-01","value":1.23038},{"date":"2009-01-01","value":1.36143},{"date":"2010-01-01","value":1.32333},{"date":"2011-01-01","value":1.24138},{"date":"2012-01-01","value":1.26987},{"date":"2013-01-01","value":1.27465},{"date":"2014-01-01","value":1.2415},{"date":"2015-01-01","value":1.2035},{"date":"2016-01-01","value":1.17906},{"date":"2017-01-01","value":1.24205},{"date":"2018-01-01","value":1.20543},{"date":"2019-01-01","value":1.17611},{"date":"2020-01-01","value":1.24095},{"date":"2021-01-01","value":1.08382},{"date":"2022-01-01","value":1.0227},{"date":"2023-01-01","value":1.00932},{"date":"2024-01-01","value":1.09028}],"summary":{"latest_period":"2024-01-01","latest_value":1.09028,"max":2.12773,"mean":1.49602,"min":1.00932,"of":45,"rank":41,"trend":"falling"}}