{"entity":{"iso2":"VE","iso3":"VEN","name":"Venezuela, Bolivarian Republic of","slug":"venezuela-rb"},"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":3.05804},{"date":"1961-01-01","value":1.42222},{"date":"1962-01-01","value":2.3129},{"date":"1963-01-01","value":2.55359},{"date":"1964-01-01","value":2.44669},{"date":"1965-01-01","value":2.63644},{"date":"1966-01-01","value":2.65688},{"date":"1967-01-01","value":2.85852},{"date":"1968-01-01","value":2.67738},{"date":"1969-01-01","value":2.49892},{"date":"1970-01-01","value":2.29402},{"date":"1971-01-01","value":2.69941},{"date":"1972-01-01","value":2.82927},{"date":"1973-01-01","value":2.47099},{"date":"1974-01-01","value":2.30776},{"date":"1975-01-01","value":2.59102},{"date":"1976-01-01","value":1.88749},{"date":"1977-01-01","value":2.06795},{"date":"1978-01-01","value":2.10576},{"date":"1979-01-01","value":1.91586},{"date":"1980-01-01","value":1.69552},{"date":"1981-01-01","value":1.52169},{"date":"1982-01-01","value":2.24877},{"date":"1983-01-01","value":2.97074},{"date":"1984-01-01","value":2.29205},{"date":"1985-01-01","value":1.36962},{"date":"1986-01-01","value":1.64997},{"date":"1987-01-01","value":1.6337},{"date":"1988-01-01","value":1.81611},{"date":"1989-01-01","value":2.7936},{"date":"1990-01-01","value":1.51804},{"date":"1991-01-01","value":1.84034},{"date":"1992-01-01","value":1.64348},{"date":"1993-01-01","value":2.14525},{"date":"1994-01-01","value":1.59075},{"date":"1995-01-01","value":1.54906},{"date":"1996-01-01","value":1.03948},{"date":"1997-01-01","value":1.79529},{"date":"1998-01-01","value":1.58856},{"date":"1999-01-01","value":1.4372},{"date":"2000-01-01","value":1.52657},{"date":"2001-01-01","value":1.55511},{"date":"2002-01-01","value":1.15337},{"date":"2003-01-01","value":1.18269},{"date":"2004-01-01","value":1.2883},{"date":"2005-01-01","value":1.83171},{"date":"2006-01-01","value":1.97849},{"date":"2007-01-01","value":1.88899},{"date":"2008-01-01","value":1.79355},{"date":"2009-01-01","value":1.23107},{"date":"2010-01-01","value":1.01349},{"date":"2011-01-01","value":1.13041},{"date":"2012-01-01","value":1.34147},{"date":"2013-01-01","value":1.66955},{"date":"2014-01-01","value":1.16182},{"date":"2015-01-01","value":0.941376},{"date":"2016-01-01","value":0.454046},{"date":"2017-01-01","value":2.23333},{"date":"2018-01-01","value":0.150854},{"date":"2019-01-01","value":1.7923},{"date":"2020-01-01","value":1.57552},{"date":"2021-01-01","value":0.313631},{"date":"2022-01-01","value":0.649887},{"date":"2023-01-01","value":0.500705}],"summary":{"latest_period":"2023-01-01","latest_value":0.500705,"max":3.05804,"mean":1.79357,"min":0.150854,"of":165,"rank":154,"trend":"falling"}}