AI Overview:
Spain's current military spending is approximately €39.5 billion (roughly $40.2 billion USD), which equates to 2.1% of the country's GDP.
Trading Economics Wikipedia
Madrid secured a NATO carve-out to maintain its commitments at this 2.1% benchmark (to protect its welfare state), actively pushing back against broader proposals to increase alliance defense spending to 5% of GDP.
Anadolu Agency

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