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
05.0B10.0B15.0B194919872025

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.

Across the 7 decades both report, Norway averaged higher in 2 and Sweden in 5.

Head to head by decade

Decade Norway Sweden Difference Ahead
1960s 2.15 billion constant 2024 US$ 4.75 billion constant 2024 US$ 2.60 billion constant 2024 US$ Sweden
1970s 3.03 billion constant 2024 US$ 5.92 billion constant 2024 US$ 2.89 billion constant 2024 US$ Sweden
1980s 4.03 billion constant 2024 US$ 6.31 billion constant 2024 US$ 2.28 billion constant 2024 US$ Sweden
1990s 4.33 billion constant 2024 US$ 6.37 billion constant 2024 US$ 2.04 billion constant 2024 US$ Sweden
2000s 4.86 billion constant 2024 US$ 5.83 billion constant 2024 US$ 969.37 million constant 2024 US$ Sweden
2010s 6.08 billion constant 2024 US$ 5.66 billion constant 2024 US$ 413.58 million constant 2024 US$ Norway
2020s 9.93 billion constant 2024 US$ 9.75 billion constant 2024 US$ 175.96 million constant 2024 US$ Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, Norway or Sweden?
Norway, at 16.09 billion constant 2024 US$ against 14.95 billion constant 2024 US$ in Sweden as of 2025.
What is the difference in military spending between Norway and Sweden?
1.13 billion constant 2024 US$, with Norway ahead.
How many years of comparable data are there for Norway and Sweden?
66 years are reported by both, from 1960 to 2025.
How do Norway and Sweden rank globally for military spending?
Norway ranks 25th and Sweden ranks 28th of 162 countries.
Where does this data come from?
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Norway vs Sweden: Military spending. Statizoid, drawing on Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Retrieved 28 September 2026, from https://reference.statizoid.com/compare/military-spending-sipri/norway/sweden/

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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

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.