Denmark vs Sweden: Military spending

Denmark

14.08 billion constant 2024 US$

in 2025

Sweden

14.95 billion constant 2024 US$

in 2025

Denmark rank

29th

Sweden rank

28th

Military spending over time

Denmark
Sweden

How they compare

Sweden currently reports 14.95 billion constant 2024 US$ against 14.08 billion constant 2024 US$ in Denmark, a difference of 871.10 million constant 2024 US$.

That makes Sweden's figure about 1.1 times Denmark's.

Across all 66 years both countries report, Sweden has been ahead every year.

Denmark ranks 29th and Sweden ranks 28th 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.