NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.

Prime Minister Pedro Sánchez says that Spain reached a deal with NATO to be excluded from a 5% of GDP defense spending target

NATO members agreed to a big increase in their defence spending target to 5% of gross domestic product, as demanded by President Donald Trump, but Spain said it did not need to comply just days before a summit in The Hague meant to be a show of unity.