{"entity":{"iso2":"T2","iso3":"TLA","name":"Latin America & the Caribbean (IDA & IBRD countries)","slug":"latin-america-and-the-caribbean-ida-and-ibrd-countries"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"research-and-development-expenditure-percent-of-gdp","source":"Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO)","source_url":"https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS","title":"Research and development expenditure (% of GDP)","unit":"% of GDP"},"observations":[{"date":"2000-01-01","value":0.55902},{"date":"2001-01-01","value":0.530627},{"date":"2002-01-01","value":0.515429},{"date":"2003-01-01","value":0.55165},{"date":"2004-01-01","value":0.55604},{"date":"2005-01-01","value":0.584073},{"date":"2006-01-01","value":0.585361},{"date":"2007-01-01","value":0.622688},{"date":"2008-01-01","value":0.668232},{"date":"2009-01-01","value":0.699145},{"date":"2010-01-01","value":0.734199},{"date":"2011-01-01","value":0.713057},{"date":"2012-01-01","value":0.683877},{"date":"2013-01-01","value":0.720822},{"date":"2014-01-01","value":0.757922},{"date":"2015-01-01","value":0.741071},{"date":"2016-01-01","value":0.694355},{"date":"2017-01-01","value":0.65133},{"date":"2018-01-01","value":0.640236},{"date":"2019-01-01","value":0.627602},{"date":"2020-01-01","value":0.647969},{"date":"2021-01-01","value":0.617603},{"date":"2022-01-01","value":0.657401},{"date":"2023-01-01","value":0.682682}],"summary":{"latest_period":"2023-01-01","latest_value":0.682682,"max":0.757922,"mean":0.643433,"min":0.515429,"of":31,"rank":24,"trend":"rising"}}