Italy vs Spain: Military spending

Italy

45.44 billion constant 2024 US$

in 2025

Spain

37.69 billion constant 2024 US$

in 2025

Italy rank

12th

Spain rank

15th

Military spending over time

Italy
Spain

How they compare

Italy currently reports 45.44 billion constant 2024 US$ against 37.69 billion constant 2024 US$ in Spain, a difference of 7.75 billion constant 2024 US$.

That makes Italy's figure about 1.2 times Spain's.

Across all 77 years both countries report, Italy has been ahead every year.

Italy ranks 12th and Spain ranks 15th of 162 countries.

Individual pages

About this data

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.