Sweden Military Expenditure (USD)
$12.0B▲ +$3.3B
Dec 2024 · Annual
Sweden's military expenditure in current USD reached 12.04 billion in 2024, up from 8.75 billion in 2023. This is a record high, exceeding all previous observations since the series began in 1960. The all-time low was recorded in 1960, at 526.85 million.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $12.0B | $8.8B | $12.0BDec 2024 | $526.8MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 2.0% | 1.5% | 4.0% | 1.0% | Dec 2024 | Annual |
| GDP | $669.0B | $604.8B | $669.0B | $15.9B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Sweden averaged $5.9B from 1960 until 2024, reaching an all-time high of $12.0B in Dec 2024 and a record low of $526.8M in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure in current USD measures annual defense spending by Sweden, reported in U.S. dollars with no adjustment for inflation. The series, updated yearly, spans from 1960 to 2024, capturing the full historical range of outlays.
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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