Military Expenditure in Spain increased to 17986 USD Million in 2019 from 17823 USD Million in 2018. source: SIPRI
Military Expenditure in Spain averaged 12693.13 USD Million from 1949 until 2019, reaching an all time high of 20144 USD Million in 2007 and a record low of 2566 USD Million in 1951. Spain Military Expenditure - values, historical data and charts - was last updated on April of 2021.
Military Expenditure in Spain is expected to reach 15021.76 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Military Expenditure is projected to trend around 15116.59 USD Million in 2022 and 14773.70 USD Million in 2023, according to our econometric models.