{"entity":{"iso2":"KR","iso3":"KOR","name":"South Korea","slug":"korea-rep"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"military-expenditure-current-lcu","source":"SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)","source_url":"https://data.worldbank.org/indicator/MS.MIL.XPND.CN","title":"Military expenditure (current LCU)","unit":"current LCU"},"observations":[{"date":"1960-01-01","value":17400000000.0},{"date":"1961-01-01","value":19600000000.0},{"date":"1962-01-01","value":24200000000.0},{"date":"1963-01-01","value":24100000000.0},{"date":"1964-01-01","value":29400000000.0},{"date":"1965-01-01","value":35200000000.0},{"date":"1966-01-01","value":48000000000.0},{"date":"1967-01-01","value":59000000000.0},{"date":"1968-01-01","value":77100000000.0},{"date":"1969-01-01","value":100000000000.0},{"date":"1970-01-01","value":120000000000.0},{"date":"1971-01-01","value":160000000000.0},{"date":"1972-01-01","value":209000000000.0},{"date":"1973-01-01","value":217000000000.0},{"date":"1974-01-01","value":345000000000.0},{"date":"1975-01-01","value":499000000000.0},{"date":"1976-01-01","value":827000000000.0},{"date":"1977-01-01","value":1083000000000.0},{"date":"1978-01-01","value":1544000000000.0},{"date":"1979-01-01","value":1715000000000.0},{"date":"1980-01-01","value":2418000000000.0},{"date":"1981-01-01","value":3040000000000.0},{"date":"1982-01-01","value":3397000000000.0},{"date":"1983-01-01","value":3657000000000.0},{"date":"1984-01-01","value":3836000000000.0},{"date":"1985-01-01","value":4249000000000.0},{"date":"1986-01-01","value":4694000000000.0},{"date":"1987-01-01","value":4969000000000.0},{"date":"1988-01-01","value":5656000000000.0},{"date":"1989-01-01","value":6358000000000.0},{"date":"1990-01-01","value":7156000000000.0},{"date":"1991-01-01","value":8035000000000.0},{"date":"1992-01-01","value":9067000000000.0},{"date":"1993-01-01","value":9935000000000.0},{"date":"1994-01-01","value":10862000000000.0},{"date":"1995-01-01","value":12406000000000.0},{"date":"1996-01-01","value":13200000000000.0},{"date":"1997-01-01","value":14125200000000.0},{"date":"1998-01-01","value":14656200000000.0},{"date":"1999-01-01","value":14379000000000.0},{"date":"2000-01-01","value":15608500000000.0},{"date":"2001-01-01","value":16707800000000.0},{"date":"2002-01-01","value":17642500000000.0},{"date":"2003-01-01","value":18883500000000.0},{"date":"2004-01-01","value":20420900000000.0},{"date":"2005-01-01","value":22694000000000.0},{"date":"2006-01-01","value":24039000000000.0},{"date":"2007-01-01","value":25764700000000.0},{"date":"2008-01-01","value":28733100000000.0},{"date":"2009-01-01","value":31381400000000.0},{"date":"2010-01-01","value":32572200000000.0},{"date":"2011-01-01","value":34347800000000.0},{"date":"2012-01-01","value":35992700000000.0},{"date":"2013-01-01","value":37565600000000.0},{"date":"2014-01-01","value":39541100000000.0},{"date":"2015-01-01","value":41367300000000.0},{"date":"2016-01-01","value":42815800000000.0},{"date":"2017-01-01","value":44451200000000.0},{"date":"2018-01-01","value":47394900000000.0},{"date":"2019-01-01","value":51409100000000.0},{"date":"2020-01-01","value":54404800000000.0},{"date":"2021-01-01","value":58193000000000.0},{"date":"2022-01-01","value":59870500000000.0},{"date":"2023-01-01","value":62413100000000.0},{"date":"2024-01-01","value":64884900000000.0}],"summary":{"latest_period":"2024-01-01","latest_value":64884900000000.0,"max":64884900000000.0,"mean":16805400000000.0,"min":17400000000.0,"of":167,"rank":5,"trend":"volatile"}}