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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