Military spending in Sweden
Sweden: Military spending was 9.90 billion constant 2022 US$ in 2023. ◆ Volatile
Military spending in Sweden, 1816–2023
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in Sweden stood at 9.90 billion constant 2022 US$. That is the highest value across all 208 years on record.
The figure is up 3.3% on the previous year and up 40.0% over ten years.
Over the whole period, military spending in Sweden peaked at 9.90 billion constant 2022 US$ in 2023 and was at its lowest, 39.30 million constant 2022 US$, in 1818.
Sweden ranks 32nd of 172 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1810s | 41.60 million constant 2022 US$ | 39.30 million constant 2022 US$ | 45.00 million constant 2022 US$ | 4 |
| 1820s | 55.84 million constant 2022 US$ | 45.73 million constant 2022 US$ | 68.00 million constant 2022 US$ | 10 |
| 1830s | 70.83 million constant 2022 US$ | 61.09 million constant 2022 US$ | 75.00 million constant 2022 US$ | 10 |
| 1840s | 81.65 million constant 2022 US$ | 75.37 million constant 2022 US$ | 86.59 million constant 2022 US$ | 10 |
| 1850s | 82.80 million constant 2022 US$ | 73.42 million constant 2022 US$ | 95.92 million constant 2022 US$ | 10 |
| 1860s | 91.62 million constant 2022 US$ | 73.86 million constant 2022 US$ | 112.42 million constant 2022 US$ | 10 |
| 1870s | 109.16 million constant 2022 US$ | 73.65 million constant 2022 US$ | 146.20 million constant 2022 US$ | 10 |
| 1880s | 166.72 million constant 2022 US$ | 137.56 million constant 2022 US$ | 184.73 million constant 2022 US$ | 10 |
| 1890s | 265.59 million constant 2022 US$ | 184.22 million constant 2022 US$ | 358.10 million constant 2022 US$ | 10 |
| 1900s | 498.83 million constant 2022 US$ | 397.79 million constant 2022 US$ | 594.49 million constant 2022 US$ | 10 |
| 1910s | 649.74 million constant 2022 US$ | 510.58 million constant 2022 US$ | 827.37 million constant 2022 US$ | 10 |
| 1920s | 511.06 million constant 2022 US$ | 453.39 million constant 2022 US$ | 537.67 million constant 2022 US$ | 10 |
| 1930s | 689.05 million constant 2022 US$ | 429.35 million constant 2022 US$ | 1.33 billion constant 2022 US$ | 10 |
| 1940s | 2.68 billion constant 2022 US$ | 2.08 billion constant 2022 US$ | 3.13 billion constant 2022 US$ | 10 |
| 1950s | 3.73 billion constant 2022 US$ | 2.45 billion constant 2022 US$ | 4.72 billion constant 2022 US$ | 10 |
| 1960s | 5.77 billion constant 2022 US$ | 4.16 billion constant 2022 US$ | 7.04 billion constant 2022 US$ | 10 |
| 1970s | 8.51 billion constant 2022 US$ | 7.37 billion constant 2022 US$ | 9.12 billion constant 2022 US$ | 10 |
| 1980s | 8.41 billion constant 2022 US$ | 7.50 billion constant 2022 US$ | 9.01 billion constant 2022 US$ | 10 |
| 1990s | 8.59 billion constant 2022 US$ | 7.58 billion constant 2022 US$ | 9.29 billion constant 2022 US$ | 10 |
| 2000s | 7.39 billion constant 2022 US$ | 6.56 billion constant 2022 US$ | 7.78 billion constant 2022 US$ | 10 |
| 2010s | 7.13 billion constant 2022 US$ | 6.71 billion constant 2022 US$ | 8.22 billion constant 2022 US$ | 10 |
| 2020s | 9.26 billion constant 2022 US$ | 8.50 billion constant 2022 US$ | 9.90 billion constant 2022 US$ | 4 |
Countries ranked near Sweden
More reference data data for Sweden
- Spring temperature anomalies 4.22 °C (2026)
- Summer temperature anomalies 1.58 °C (2026)
- Temperature anomalies by month -3.74 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 2.27 °C (2025)
- Winter temperature anomalies 3.13 °C (2025)
- Consumer price index 138.19 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Sweden?
- Military spending in Sweden was 9.90 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Sweden?
- The highest recorded value was 9.90 billion constant 2022 US$ in 2023.
- What is the lowest military spending recorded in Sweden?
- The lowest recorded value was 39.30 million constant 2022 US$ in 1818.
- How does Sweden rank for military spending?
- Sweden ranks 32nd out of 172 countries with data for 2023.
- Is military spending rising or falling in Sweden?
- Over the last ten years it is up 40.0%. The long-run trend across the full record is volatile.
- Where does this Sweden data come from?
- The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 208 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.