Spain is increasing its defense budget to 15 billion euros by 2024, but it still falls short of NATO’s target of 2% of GDP. The government aims to reach this goal by 2029 through continued investment. Compared to other major European countries, Spain’s spending is modest, with France, Germany, and the UK allocating significantly more to their defense budgets.
Italy and Poland also outspend Spain, highlighting the diverse approaches to defense spending in Europe. Spain’s modernization programs include armored vehicles and air defense system upgrades, but progress may be slower compared to higher-spending nations. Globally, Spain lags behind countries like India, Brazil, and South Africa in military expenditure.
Geopolitical tensions raise concerns about Spain’s ability to contribute to collective defense efforts. The upcoming years will be crucial for Spain to balance its defense commitments, domestic priorities, and align with its European allies for stronger military capabilities.