Spain Military Expenditure
1.4%▼ −0.0%
Dec 2024 · Annual
Spain's military expenditure fell to 1.43% of GDP in 2024, down from 1.47% in 2023. The reading remains above the all-time low of 1.13% recorded in 2016, but well below the series high of 2.97% in 1984. Data are available from 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 1.4% | 1.5% | 3.0%Dec 1984 | 1.1%Dec 2016 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 100.4% | 101.6% | 119.2% | 16.1% | Dec 2025 | Annual |
| Military Expenditure (USD) | $24.6B | $23.8B | $24.6B | $232.8M | Dec 2024 | Annual |
About this series
Military Expenditure in Spain averaged 1.5% from 1960 until 2024, reaching an all-time high of 3.0% in Dec 1984 and a record low of 1.1% in Dec 2016. The series is reported yearly with history from 1960.
Military expenditure measures the share of a country's gross domestic product allocated to defense spending, including personnel, operations, and procurement. The indicator is expressed as a percentage of GDP and reported annually. The series for Spain spans from 1960 to 2024.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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