Sweden Military Expenditure
2.0%▲ +0.5%
Dec 2024 · Annual
Sweden's military expenditure rose to 1.9977% of GDP in 2024 from 1.5013% in 2023. The reading remains well below the all-time high of 3.9673% recorded in 1963 and above the series low of 1.0326% set in 2017. Data are available from 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.0% | 1.5% | 4.0%Dec 1963 | 1.0%Dec 2017 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 34.9% | 33.9% | 68.9% | 32.1% | Dec 2025 | Annual |
| Military Expenditure (USD) | $12.0B | $8.8B | $12.0B | $526.8M | Dec 2024 | Annual |
About this series
Military Expenditure in Sweden averaged 1.5% from 1960 until 2024, reaching an all-time high of 4.0% in Dec 1963 and a record low of 1.0% in Dec 2017. The series is reported yearly with history from 1960.
Military expenditure measures the share of a country's gross domestic product allocated to defense spending, including personnel, operations, and procurement. The indicator is reported annually as a percentage of GDP. The series for Sweden spans from 1960 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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