Spain Military Expenditure (USD)
$24.6B▲ +$794.2M
Dec 2024 · Annual
Spain's military expenditure rose to $24.62 billion in 2024 from $23.82 billion in 2023. The figure marks the highest level on record since data collection began in 1960, surpassing the previous all-time high set in 2023. The series low was $232.84 million in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $24.6B | $23.8B | $24.6BDec 2024 | $232.8MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 1.4% | 1.5% | 3.0% | 1.1% | Dec 2024 | Annual |
| GDP | $1.91T | $1.73T | $1.91T | $12.4B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Spain averaged $15.5B from 1960 until 2024, reaching an all-time high of $24.6B in Dec 2024 and a record low of $232.8M in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure in current USD measures annual spending by Spain on armed forces, including personnel, operations, procurement, and research. Data are reported in current US dollars on an annual frequency. The series 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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