{"entity":{"iso2":"LV","iso3":"LVA","name":"Latvia","slug":"latvia"},"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":"1918-01-01","value":0.600296},{"date":"1919-01-01","value":0.456237},{"date":"1920-01-01","value":0.391761},{"date":"1921-01-01","value":0.475973},{"date":"1922-01-01","value":0.532602},{"date":"1923-01-01","value":0.625595},{"date":"1924-01-01","value":0.639891},{"date":"1925-01-01","value":0.768931},{"date":"1926-01-01","value":0.815024},{"date":"1927-01-01","value":0.856518},{"date":"1928-01-01","value":0.855465},{"date":"1929-01-01","value":0.836966},{"date":"1930-01-01","value":0.828606},{"date":"1931-01-01","value":0.794471},{"date":"1932-01-01","value":0.761897},{"date":"1933-01-01","value":0.778798},{"date":"1934-01-01","value":1.05264},{"date":"1935-01-01","value":1.10631},{"date":"1936-01-01","value":1.15786},{"date":"1937-01-01","value":1.065},{"date":"1938-01-01","value":1.13556},{"date":"1939-01-01","value":1.0474},{"date":"1940-01-01","value":1.1374},{"date":"1991-01-01","value":0.170649},{"date":"1992-01-01","value":0.437577},{"date":"1993-01-01","value":0.46874},{"date":"1994-01-01","value":0.493994},{"date":"1995-01-01","value":0.658494},{"date":"1996-01-01","value":0.66166},{"date":"1997-01-01","value":0.601506},{"date":"1998-01-01","value":0.455449},{"date":"1999-01-01","value":0.475164},{"date":"2000-01-01","value":0.540045},{"date":"2001-01-01","value":0.607675},{"date":"2002-01-01","value":0.75558},{"date":"2003-01-01","value":0.95747},{"date":"2004-01-01","value":0.948977},{"date":"2005-01-01","value":0.96098},{"date":"2006-01-01","value":1.19583},{"date":"2007-01-01","value":1.35496},{"date":"2008-01-01","value":1.48815},{"date":"2009-01-01","value":1.13836},{"date":"2010-01-01","value":0.968112},{"date":"2011-01-01","value":0.934587},{"date":"2012-01-01","value":0.772317},{"date":"2013-01-01","value":0.81983},{"date":"2014-01-01","value":0.885864},{"date":"2015-01-01","value":0.898368},{"date":"2016-01-01","value":1.16811},{"date":"2017-01-01","value":1.47772},{"date":"2018-01-01","value":1.85065},{"date":"2019-01-01","value":1.99944}],"summary":{"latest_period":"2019-01-01","latest_value":1.99944,"max":1.99944,"mean":0.862836,"min":0.170649,"of":172,"rank":42,"trend":"rising"}}