Military spending per armed forces personnel in Sweden
Sweden: Military spending per armed forces personnel was 450,217 constant 2024 US$ in 2020. ◆ Volatile
Military spending per armed forces personnel in Sweden, 1985–2020
Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2020, military spending per armed forces personnel in Sweden stood at 450,217 constant 2024 US$. That is the highest value across all 33 years on record.
The figure is up 4.1% on the previous year and up 72.9% over ten years.
Over the whole period, military spending per armed forces personnel in Sweden peaked at 450,217 constant 2024 US$ in 2020 and was at its lowest, 63,235 constant 2024 US$, in 1995.
That places Sweden 5th out of 160 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 101,364 constant 2024 US$ | 93,481 constant 2024 US$ | 109,247 constant 2024 US$ | 2 |
| 1990s | 81,861 constant 2024 US$ | 63,235 constant 2024 US$ | 106,158 constant 2024 US$ | 10 |
| 2000s | 184,812 constant 2024 US$ | 74,857 constant 2024 US$ | 331,640 constant 2024 US$ | 10 |
| 2010s | 274,096 constant 2024 US$ | 184,490 constant 2024 US$ | 432,610 constant 2024 US$ | 10 |
| 2020s | 450,217 constant 2024 US$ | 450,217 constant 2024 US$ | 450,217 constant 2024 US$ | 1 |
Countries ranked near Sweden
- 2 Yemen 615,959 constant 2024 US$ compare
- 3 Australia 521,125 constant 2024 US$ compare
- 4 United Kingdom 463,783 constant 2024 US$ compare
- 6 United Arab Emirates 441,390 constant 2024 US$ compare
- 8 Canada 374,715 constant 2024 US$ compare
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 per armed forces personnel in Sweden?
- Military spending per armed forces personnel in Sweden was 450,217 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
- What is the highest military spending per armed forces personnel recorded in Sweden?
- The highest recorded value was 450,217 constant 2024 US$ in 2020.
- What is the lowest military spending per armed forces personnel recorded in Sweden?
- The lowest recorded value was 63,235 constant 2024 US$ in 1995.
- How does Sweden rank for military spending per armed forces personnel?
- Sweden ranks 5th out of 160 countries with data for 2020.
- Is military spending per armed forces personnel rising or falling in Sweden?
- Over the last ten years it is up 72.9%. The long-run trend across the full record is volatile.
- Where does this Sweden data come from?
- The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.
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About this data
Total military expenditure divided by armed forces personnel. 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.