{"entity":{"iso2":"AU","iso3":"AUS","name":"Australia","slug":"australia"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"military-expenditure-percent-of-general-government-expenditure","source":"SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)","source_url":"https://data.worldbank.org/indicator/MS.MIL.XPND.ZS","title":"Military expenditure (% of general government expenditure)","unit":"% of general government expenditure"},"observations":[{"date":"1988-01-01","value":7.04352},{"date":"1989-01-01","value":6.91502},{"date":"1990-01-01","value":6.79191},{"date":"1991-01-01","value":6.54926},{"date":"1992-01-01","value":6.36202},{"date":"1993-01-01","value":6.38109},{"date":"1994-01-01","value":6.26089},{"date":"1995-01-01","value":6.00409},{"date":"1996-01-01","value":5.76108},{"date":"1997-01-01","value":5.6863},{"date":"1998-01-01","value":5.38823},{"date":"1999-01-01","value":5.20877},{"date":"2000-01-01","value":5.18288},{"date":"2001-01-01","value":5.23376},{"date":"2002-01-01","value":5.35459},{"date":"2003-01-01","value":5.28148},{"date":"2004-01-01","value":5.23522},{"date":"2005-01-01","value":5.1995},{"date":"2006-01-01","value":5.26489},{"date":"2007-01-01","value":5.28442},{"date":"2008-01-01","value":5.12611},{"date":"2009-01-01","value":5.09118},{"date":"2010-01-01","value":5.02028},{"date":"2011-01-01","value":4.83693},{"date":"2012-01-01","value":4.57485},{"date":"2013-01-01","value":4.50562},{"date":"2014-01-01","value":4.82267},{"date":"2015-01-01","value":5.23887},{"date":"2016-01-01","value":5.60747},{"date":"2017-01-01","value":5.45295},{"date":"2018-01-01","value":5.14446},{"date":"2019-01-01","value":4.8344},{"date":"2020-01-01","value":4.5224},{"date":"2021-01-01","value":4.73791},{"date":"2022-01-01","value":5.01969},{"date":"2023-01-01","value":5.01307},{"date":"2024-01-01","value":4.96434}],"summary":{"latest_period":"2024-01-01","latest_value":4.96434,"max":7.04352,"mean":5.42979,"min":4.50562,"of":161,"rank":83,"trend":"falling"}}