{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"military-spending-as-a-share-of-gdp-gmsd","source":"Barnum et al. - Global Military Spending Dataset (2025) \u2013 with minor processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/military-spending-as-a-share-of-gdp-gmsd","title":"Military spending as a share of GDP","unit":"% of GDP"},"observations":[{"date":"1944-01-01","value":2.60232},{"date":"1945-01-01","value":2.78814},{"date":"1946-01-01","value":2.45586},{"date":"1947-01-01","value":2.22812},{"date":"1948-01-01","value":2.02775},{"date":"1949-01-01","value":2.46162},{"date":"1950-01-01","value":2.24681},{"date":"1951-01-01","value":2.2655},{"date":"1952-01-01","value":2.53047},{"date":"1953-01-01","value":2.46427},{"date":"1954-01-01","value":2.18959},{"date":"1955-01-01","value":1.93668},{"date":"1956-01-01","value":1.99859},{"date":"1957-01-01","value":1.99615},{"date":"1958-01-01","value":1.91023},{"date":"1959-01-01","value":1.77825},{"date":"1960-01-01","value":1.77239},{"date":"1961-01-01","value":1.95488},{"date":"1962-01-01","value":1.85885},{"date":"1963-01-01","value":1.74211},{"date":"1964-01-01","value":1.69075},{"date":"1965-01-01","value":1.61277},{"date":"1966-01-01","value":1.45979},{"date":"1967-01-01","value":1.52209},{"date":"1968-01-01","value":1.6322},{"date":"1969-01-01","value":1.51673},{"date":"1970-01-01","value":1.38287},{"date":"1971-01-01","value":1.27792},{"date":"1972-01-01","value":1.11877},{"date":"1973-01-01","value":1.01167},{"date":"1974-01-01","value":0.903375},{"date":"1975-01-01","value":0.8522},{"date":"1976-01-01","value":0.764491},{"date":"1977-01-01","value":0.680627},{"date":"1978-01-01","value":0.620365},{"date":"1979-01-01","value":0.560429},{"date":"1980-01-01","value":0.499176},{"date":"1981-01-01","value":0.477773},{"date":"1982-01-01","value":0.477953},{"date":"1983-01-01","value":0.483066},{"date":"1984-01-01","value":0.492397},{"date":"1985-01-01","value":0.490377},{"date":"1986-01-01","value":0.45827},{"date":"1987-01-01","value":0.419546},{"date":"1988-01-01","value":0.40196},{"date":"1989-01-01","value":0.396047},{"date":"1990-01-01","value":0.39128},{"date":"1991-01-01","value":0.374975},{"date":"1992-01-01","value":0.410985},{"date":"1993-01-01","value":0.409812},{"date":"1994-01-01","value":0.405276},{"date":"1995-01-01","value":0.404234},{"date":"1996-01-01","value":0.392024},{"date":"1997-01-01","value":0.389155},{"date":"1998-01-01","value":0.368215},{"date":"1999-01-01","value":0.357303},{"date":"2000-01-01","value":0.354582},{"date":"2001-01-01","value":0.355417},{"date":"2002-01-01","value":0.373823},{"date":"2003-01-01","value":0.342025},{"date":"2004-01-01","value":0.324102},{"date":"2005-01-01","value":0.294187},{"date":"2006-01-01","value":0.272894},{"date":"2007-01-01","value":0.235101},{"date":"2008-01-01","value":0.220915},{"date":"2009-01-01","value":0.226702},{"date":"2010-01-01","value":0.210358},{"date":"2011-01-01","value":0.197631},{"date":"2012-01-01","value":0.189082},{"date":"2013-01-01","value":0.189171},{"date":"2014-01-01","value":0.174803},{"date":"2015-01-01","value":0.162037},{"date":"2016-01-01","value":0.165947},{"date":"2017-01-01","value":0.190282},{"date":"2018-01-01","value":0.189071},{"date":"2019-01-01","value":0.209753}],"summary":{"latest_period":"2019-01-01","latest_value":0.209753,"max":2.78814,"mean":0.989386,"min":0.162037,"of":172,"rank":168,"trend":"volatile"}}