Norway vs Sweden: Military spending

Norway

16.09 billion constant 2024 US$

in 2025

Sweden

14.95 billion constant 2024 US$

in 2025

Norway rank

25th

Sweden rank

28th

Military spending over time

Norway
Sweden

How they compare

Norway currently reports 16.09 billion constant 2024 US$ against 14.95 billion constant 2024 US$ in Sweden, a difference of 1.13 billion constant 2024 US$.

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

The two have swapped places 5 times across 66 shared years of data; in 1960 it was Sweden ahead.

Norway ranks 25th 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.