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Table 1 Mean values of growth rates (GDP), gross capital formation as a share of GDP (Inv/GDP) and defence spending as a share of GDP (M/GDP)

From: Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests

 

1961–1969

1970–1979

1980–1989

1990–1999

2000–2009

2010–2014

1961–2014

Dominican Republic

 M/GDP

3.8

2.0

1.3

0.7

0.8

0.6

1.6

 GDP

4.83

8.20

3.79

4.99

4.68

5.17

5.29

 Inv/GDP

14.42

22.00

22.57

19.80

21.28

23.63

20.45

El Salvador

 M/GDP

0.7

0.9

4.1

1.7

0.9

0.9

1.7

 GDP

4.83

3.90

−1.95

4.89

1.98

1.85

2.38

 Inv/GDP

14.24

19.32

12.93

17.04

16.10

14.07

15.91

Guatemala

 M/GDP

1.2

1.2

1.9

1.1

0.6

0.4

1.1

 GDP

5.50

5.86

0.97

4.07

3.42

3.59

3.90

 Inv/GDP

11.63

16.95

13.26

15.53

19.00

14.33

15.26

Mexico

 M/GDP

0.6

0.5

0.6

0.6

0.5

0.6

0.6

 GDP

6.84

6.43

2.29

3.62

1.84

3.36

4.08

 Inv/GDP

18.91

22.62

22.25

20.73

22.45

22.16

21.51

Argentina

 M/GDP

1.7

2.8

2.5

1.3

1.0

1.0

1.8

 GDP

4.11

2.93

−0.73

4.52

3.05

4.40

2.90

 Inv/GDP

22.12

26.04

19.93

17.77

17.51

18.79

20.47

Bolivia

 M/GDP

1.3

2.0

2.4

2.3

1.9

1.8

2.0

 GDP

3.20

4.03

−0.44

3.99

3.69

5.34

3.12

 Inv/GDP

10.71

19.52

15.33

16.92

15.08

18.91

15.92

Brazil

 M/GDP

2.6

2.1

1.5

1.8

1.6

1.5

1.9

 GDP

5.90

8.47

2.99

1.88

3.39

3.29

4.39

 Inv/GDP

19.66

22.92

21.02

19.25

18.51

21.52

20.40

Chile

 M/GDP

2.8

6.4

6.4

2.7

2.5

2.1

4.0

 GDP

4.37

2.48

4.39

6.38

3.74

4.63

4.30

 Inv/GDP

17.96

17.85

18.47

25.26

22.08

23.45

20.66

Colombia

 M/GDP

2.9

1.9

2.0

2.8

3.4

3.3

2.7

 GDP

5.08

5.81

3.40

2.86

4.14

4.82

4.29

 Inv/GDP

19.09

18.68

19.43

19.95

19.79

24.00

19.82

Ecuador

 M/GDP

2.0

2.1

1.8

1.9

2.2

3.0

2.1

 GDP

3.71

7.28

2.63

2.32

3.89

5.05

4.07

 Inv/GDP

17.60

22.59

23.35

21.34

22.59

28.28

22.20

Paraguay

 M/GDP

2.7

3.0

3.2

2.1

1.1

1.3

2.3

 GDP

5.07

8.32

4.92

3.09

2.00

6.99

4.89

 Inv/GDP

20.63

16.04

15.99

17.75

Peru

 M/GDP

3.0

4.7

3.7

2.4

1.4

1.3

2.9

 GDP

5.25

3.94

0.41

3.20

5.04

5.79

3.74

 Inv/GDP

34.46

20.17

23.65

19.01

19.41

26.21

23.40

Venezuela

 M/GDP

2.5

2.3

2.0

1.6

1.4

1.1

1.9

 GDP

4.81

3.97

−0.16

2.46

3.98

1.13

2.80

 Inv/GDP

24.45

34.45

21.46

20.50

24.28

24.73

25.01