{"entity":{"iso2":"ZJ","iso3":"LCN","name":"Latin America & Caribbean","slug":"latin-america-and-caribbean"},"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":2.03796},{"date":"1961-01-01","value":1.94764},{"date":"1962-01-01","value":2.19341},{"date":"1963-01-01","value":2.0038},{"date":"1964-01-01","value":1.71547},{"date":"1965-01-01","value":1.96772},{"date":"1966-01-01","value":1.92957},{"date":"1967-01-01","value":2.07037},{"date":"1968-01-01","value":1.8652},{"date":"1969-01-01","value":1.87665},{"date":"1970-01-01","value":2.10209},{"date":"1971-01-01","value":2.22875},{"date":"1972-01-01","value":2.16058},{"date":"1973-01-01","value":2.09137},{"date":"1974-01-01","value":1.94581},{"date":"1975-01-01","value":1.9546},{"date":"1976-01-01","value":2.14252},{"date":"1977-01-01","value":2.22583},{"date":"1978-01-01","value":2.26121},{"date":"1979-01-01","value":1.98385},{"date":"1980-01-01","value":1.62328},{"date":"1981-01-01","value":1.67698},{"date":"1982-01-01","value":1.79653},{"date":"1983-01-01","value":1.93869},{"date":"1984-01-01","value":1.72167},{"date":"1985-01-01","value":1.64151},{"date":"1986-01-01","value":1.65206},{"date":"1987-01-01","value":1.83811},{"date":"1988-01-01","value":1.81723},{"date":"1989-01-01","value":2.04759},{"date":"1990-01-01","value":1.68151},{"date":"1991-01-01","value":1.44558},{"date":"1992-01-01","value":1.30027},{"date":"1993-01-01","value":1.34008},{"date":"1994-01-01","value":1.42743},{"date":"1995-01-01","value":1.57042},{"date":"1996-01-01","value":1.49004},{"date":"1997-01-01","value":1.34632},{"date":"1998-01-01","value":1.3756},{"date":"1999-01-01","value":1.29568},{"date":"2000-01-01","value":1.25993},{"date":"2001-01-01","value":1.28959},{"date":"2002-01-01","value":1.21124},{"date":"2003-01-01","value":1.14112},{"date":"2004-01-01","value":1.13209},{"date":"2005-01-01","value":1.20878},{"date":"2006-01-01","value":1.19287},{"date":"2007-01-01","value":1.23762},{"date":"2008-01-01","value":1.2856},{"date":"2009-01-01","value":1.39964},{"date":"2010-01-01","value":1.36361},{"date":"2011-01-01","value":1.28585},{"date":"2012-01-01","value":1.30458},{"date":"2013-01-01","value":1.30938},{"date":"2014-01-01","value":1.27513},{"date":"2015-01-01","value":1.24151},{"date":"2016-01-01","value":1.22326},{"date":"2017-01-01","value":1.28379},{"date":"2018-01-01","value":1.25148},{"date":"2019-01-01","value":1.22209},{"date":"2020-01-01","value":1.29858},{"date":"2021-01-01","value":1.13268},{"date":"2022-01-01","value":1.06055},{"date":"2023-01-01","value":1.05442},{"date":"2024-01-01","value":1.12934}],"summary":{"latest_period":"2024-01-01","latest_value":1.12934,"max":2.26121,"mean":1.5927,"min":1.05442,"of":45,"rank":39,"trend":"falling"}}