Military spending gmsd in Sweden

Sweden: Military spending gmsd was 9.90 billion in 2023. ◆ Volatile

Latest (2023)
9.90 billion
Change on year
up 3.3%
World rank
32nd
of 172 countries
All-time high
9.90 billion
in 2023
All-time low
39.30 million
in 1818
Years of data
208
1816–2023

Military spending gmsd in Sweden, 1816–2023

02.0B4.0B6.0B8.0B10.0B181619192023

Source: Our World in Data.

Analysis

In 2023, military spending gmsd in Sweden stood at 9.90 billion. 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 gmsd in Sweden peaked at 9.90 billion in 2023 and was at its lowest, 39.30 million, 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.

Military spending gmsd in Sweden, year by year

Annual values for Military spending gmsd in Sweden, 1816 to 2023.
Year Value Change
1816 45.00 million —
1817 39.82 million -11.5%
1818 39.30 million -1.3%
1819 42.26 million +7.5%
1820 45.73 million +8.2%
1821 49.03 million +7.2%
1822 47.59 million -2.9%
1823 52.17 million +9.6%
1824 57.56 million +10.3%
1825 58.20 million +1.1%
1826 59.42 million +2.1%
1827 58.58 million -1.4%
1828 62.13 million +6.1%
1829 68.00 million +9.4%
1830 61.09 million -10.2%
1831 74.06 million +21.2%
1832 74.56 million +0.7%
1833 75.00 million +0.6%
1834 68.91 million -8.1%
1835 72.11 million +4.6%
1836 68.64 million -4.8%
1837 73.21 million +6.7%
1838 72.44 million -1.1%
1839 68.29 million -5.7%
1840 75.37 million +10.4%
1841 78.86 million +4.6%
1842 80.40 million +2.0%
1843 85.16 million +5.9%
1844 86.36 million +1.4%
1845 86.59 million +0.3%
1846 82.27 million -5.0%
1847 77.58 million -5.7%
1848 83.59 million +7.8%
1849 80.34 million -3.9%
1850 73.42 million -8.6%
1851 77.02 million +4.9%
1852 78.79 million +2.3%
1853 80.43 million +2.1%
1854 82.60 million +2.7%
1855 84.73 million +2.6%
1856 84.28 million -0.5%
1857 82.61 million -2.0%
1858 88.18 million +6.7%
1859 95.92 million +8.8%
1860 98.23 million +2.4%
1861 94.18 million -4.1%
1862 102.43 million +8.8%
1863 101.03 million -1.4%
1864 112.42 million +11.3%
1865 85.78 million -23.7%
1866 80.20 million -6.5%
1867 82.11 million +2.4%
1868 85.98 million +4.7%
1869 73.86 million -14.1%
1870 73.65 million -0.3%
1871 82.32 million +11.8%
1872 86.72 million +5.3%
1873 101.31 million +16.8%
1874 101.65 million +0.3%
1875 109.88 million +8.1%
1876 128.06 million +16.5%
1877 118.76 million -7.3%
1878 146.20 million +23.1%
1879 143.04 million -2.2%
1880 137.56 million -3.8%
1881 143.59 million +4.4%
1882 152.09 million +5.9%
1883 161.61 million +6.3%
1884 174.07 million +7.7%
1885 179.25 million +3.0%
1886 184.73 million +3.1%
1887 178.44 million -3.4%
1888 174.04 million -2.5%
1889 181.83 million +4.5%
1890 204.40 million +12.4%
1891 184.22 million -9.9%
1892 203.34 million +10.4%
1893 219.69 million +8.0%
1894 250.72 million +14.1%
1895 285.12 million +13.7%
1896 295.04 million +3.5%
1897 318.27 million +7.9%
1898 337.02 million +5.9%
1899 358.10 million +6.3%
1900 397.79 million +11.1%
1901 433.07 million +8.9%
1902 469.06 million +8.3%
1903 504.23 million +7.5%
1904 514.38 million +2.0%
1905 520.29 million +1.1%
1906 515.46 million -0.9%
1907 509.05 million -1.2%
1908 530.50 million +4.2%
1909 594.49 million +12.1%
1910 559.59 million -5.9%
1911 554.69 million -0.9%
1912 564.50 million +1.8%
1913 614.57 million +8.9%
1914 510.58 million -16.9%
1915 657.23 million +28.7%
1916 799.80 million +21.7%
1917 827.37 million +3.4%
1918 824.59 million -0.3%
1919 584.47 million -29.1%
1920 453.39 million -22.4%
1921 494.13 million +9.0%
1922 534.82 million +8.2%
1923 522.58 million -2.3%
1924 516.69 million -1.1%
1925 511.91 million -0.9%
1926 537.67 million +5.0%
1927 524.38 million -2.5%
1928 506.66 million -3.4%
1929 508.32 million +0.3%
1930 502.25 million -1.2%
1931 476.45 million -5.1%
1932 447.20 million -6.1%
1933 429.35 million -4.0%
1934 566.01 million +31.8%
1935 602.98 million +6.5%
1936 670.08 million +11.1%
1937 802.96 million +19.8%
1938 1.06 billion +32.6%
1939 1.33 billion +24.8%
1940 2.08 billion +56.3%
1941 2.57 billion +24.0%
1942 2.74 billion +6.4%
1943 2.94 billion +7.3%
1944 3.09 billion +5.1%
1945 3.13 billion +1.4%
1946 2.77 billion -11.5%
1947 2.44 billion -12.1%
1948 2.34 billion -3.8%
1949 2.74 billion +17.0%
1950 2.45 billion -10.6%
1951 2.60 billion +6.2%
1952 3.26 billion +25.4%
1953 3.60 billion +10.2%
1954 3.92 billion +9.1%
1955 3.89 billion -0.9%
1956 4.25 billion +9.4%
1957 4.37 billion +2.6%
1958 4.72 billion +8.0%
1959 4.20 billion -10.9%
1960 4.16 billion -1.1%
1961 4.47 billion +7.6%
1962 4.94 billion +10.5%
1963 5.26 billion +6.3%
1964 5.75 billion +9.4%
1965 6.23 billion +8.3%
1966 6.41 billion +3.0%
1967 6.58 billion +2.6%
1968 7.04 billion +7.0%
1969 6.91 billion -1.8%
1970 7.37 billion +6.6%
1971 7.75 billion +5.2%
1972 8.45 billion +9.0%
1973 8.59 billion +1.7%
1974 8.27 billion -3.7%
1975 8.92 billion +7.9%
1976 8.67 billion -2.8%
1977 9.12 billion +5.2%
1978 8.85 billion -3.0%
1979 9.10 billion +2.8%
1980 8.98 billion -1.4%
1981 8.37 billion -6.8%
1982 8.16 billion -2.6%
1983 7.50 billion -8.1%
1984 7.62 billion +1.7%
1985 7.85 billion +3.0%
1986 8.94 billion +13.9%
1987 9.00 billion +0.7%
1988 9.01 billion +0.1%
1989 8.69 billion -3.6%
1990 9.15 billion +5.3%
1991 9.29 billion +1.5%
1992 9.29 billion +0.0%
1993 8.37 billion -9.9%
1994 8.68 billion +3.7%
1995 8.70 billion +0.2%
1996 8.16 billion -6.2%
1997 8.48 billion +3.9%
1998 8.19 billion -3.4%
1999 7.58 billion -7.5%
2000 7.42 billion -2.1%
2001 7.06 billion -4.9%
2002 7.22 billion +2.4%
2003 7.36 billion +1.8%
2004 7.70 billion +4.7%
2005 7.44 billion -3.5%
2006 7.78 billion +4.6%
2007 7.76 billion -0.2%
2008 7.61 billion -1.9%
2009 6.56 billion -13.8%
2010 6.79 billion +3.5%
2011 6.71 billion -1.2%
2012 7.20 billion +7.4%
2013 7.07 billion -1.8%
2014 7.09 billion +0.3%
2015 6.73 billion -5.1%
2016 6.76 billion +0.4%
2017 7.19 billion +6.3%
2018 7.54 billion +4.9%
2019 8.22 billion +9.0%
2020 8.50 billion +3.5%
2021 9.07 billion +6.7%
2022 9.58 billion +5.6%
2023 9.90 billion +3.3%

Sweden compared with similar countries

  • Sweden's 9.90 billion is above the median for high income countries, which is 6.50 billion, 1.5× the median. (55 countries reporting)
  • Sweden's 9.90 billion is above the median for Europe & Central Asia, which is 2.44 billion, 4.1× the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Sweden changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1940 +56.3% 1.33 billion 2.08 billion

Averages by decade

DecadeAverage LowestHighest Years
1810s 41.60 million 39.30 million 45.00 million 4
1820s 55.84 million 45.73 million 68.00 million 10
1830s 70.83 million 61.09 million 75.00 million 10
1840s 81.65 million 75.37 million 86.59 million 10
1850s 82.80 million 73.42 million 95.92 million 10
1860s 91.62 million 73.86 million 112.42 million 10
1870s 109.16 million 73.65 million 146.20 million 10
1880s 166.72 million 137.56 million 184.73 million 10
1890s 265.59 million 184.22 million 358.10 million 10
1900s 498.83 million 397.79 million 594.49 million 10
1910s 649.74 million 510.58 million 827.37 million 10
1920s 511.06 million 453.39 million 537.67 million 10
1930s 689.05 million 429.35 million 1.33 billion 10
1940s 2.68 billion 2.08 billion 3.13 billion 10
1950s 3.73 billion 2.45 billion 4.72 billion 10
1960s 5.77 billion 4.16 billion 7.04 billion 10
1970s 8.51 billion 7.37 billion 9.12 billion 10
1980s 8.41 billion 7.50 billion 9.01 billion 10
1990s 8.59 billion 7.58 billion 9.29 billion 10
2000s 7.39 billion 6.56 billion 7.78 billion 10
2010s 7.13 billion 6.71 billion 8.22 billion 10
2020s 9.26 billion 8.50 billion 9.90 billion 4

Countries ranked near Sweden

  1. 29 Indonesia 11.67 billion compare
  2. 30 Norway 10.47 billion compare
  3. 31 Iran 10.44 billion compare
  4. 33 Kuwait 9.79 billion compare
  5. 34 Greece 9.38 billion compare
  6. 35 Belgium 8.46 billion compare

See the full ranking of 172 places →

More reference data data for Sweden

All data for Sweden →

Frequently asked questions

What is military spending gmsd in Sweden?
Military spending gmsd in Sweden was 9.90 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Sweden?
The highest recorded value was 9.90 billion in 2023.
What is the lowest military spending gmsd recorded in Sweden?
The lowest recorded value was 39.30 million in 1818.
How does Sweden rank for military spending gmsd?
Sweden ranks 32nd out of 172 countries with data for 2023.
Is military spending gmsd 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 Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Sweden. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/sweden/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed