Military Expenditure in Spain decreased to 17160 USD Million in 2020 from 17189 USD Million in 2019. source: SIPRI
Military Expenditure in Spain averaged 12194.14 USD Million from 1949 until 2020, reaching an all time high of 19241 USD Million in 2007 and a record low of 2451 USD Million in 1951. Spain Military Expenditure - values, historical data and charts - was last updated on June 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.