Military spending per military personnel in Sweden

Sweden: Military spending per military personnel was 638,754 constant 2022 US$ in 2022. ◆ Volatile

Latest (2022)
638,754 constant 2022 US$
Change on year
up 5.6%
World rank
4th
of 170 countries
All-time high
638,754 constant 2022 US$
in 2022
All-time low
668.33 constant 2022 US$
in 1866
Years of data
166
1819–2022

Military spending per military personnel in Sweden, 1819–2022

0200.0k400.0k600.0k181919202022

Source: Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending per military personnel in Sweden is 638,754 constant 2022 US$, measured in 2022. That is the highest value across all 166 years on record.

Compared with earlier readings it is up 5.6% on the previous year and up 77.4% over ten years.

Over the whole period, military spending per military personnel in Sweden peaked at 638,754 constant 2022 US$ in 2022 and was at its lowest, 668.33 constant 2022 US$, in 1866.

Sweden ranks 4th of 170 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending per military personnel in Sweden, year by year

Annual values for Military spending per military personnel in Sweden, 1819 to 2022.
Year constant 2022 US$ Change
1819 782.65 constant 2022 US$ —
1823 1,159 constant 2022 US$ +48.1%
1828 1,381 constant 2022 US$ +19.1%
1830 1,455 constant 2022 US$ +5.4%
1831 1,646 constant 2022 US$ +13.1%
1833 1,442 constant 2022 US$ -12.4%
1840 1,449 constant 2022 US$ +0.5%
1844 1,661 constant 2022 US$ +14.6%
1846 1,582 constant 2022 US$ -4.7%
1848 1,779 constant 2022 US$ +12.4%
1849 1,640 constant 2022 US$ -7.8%
1850 2,159 constant 2022 US$ +31.7%
1851 2,265 constant 2022 US$ +4.9%
1852 1,608 constant 2022 US$ -29.0%
1853 1,045 constant 2022 US$ -35.0%
1855 1,100 constant 2022 US$ +5.3%
1856 1,094 constant 2022 US$ -0.5%
1857 1,073 constant 2022 US$ -2.0%
1858 1,160 constant 2022 US$ +8.1%
1859 1,246 constant 2022 US$ +7.4%
1860 1,276 constant 2022 US$ +2.4%
1861 1,223 constant 2022 US$ -4.1%
1862 1,126 constant 2022 US$ -8.0%
1863 1,110 constant 2022 US$ -1.4%
1864 960.86 constant 2022 US$ -13.5%
1865 733.15 constant 2022 US$ -23.7%
1866 668.33 constant 2022 US$ -8.8%
1867 684.23 constant 2022 US$ +2.4%
1868 1,036 constant 2022 US$ +51.4%
1869 889.92 constant 2022 US$ -14.1%
1870 887.4 constant 2022 US$ -0.3%
1871 991.77 constant 2022 US$ +11.8%
1872 1,008 constant 2022 US$ +1.7%
1873 1,235 constant 2022 US$ +22.5%
1875 1,391 constant 2022 US$ +12.6%
1876 2,371 constant 2022 US$ +70.5%
1877 1,263 constant 2022 US$ -46.7%
1878 1,700 constant 2022 US$ +34.6%
1879 2,235 constant 2022 US$ +31.5%
1880 1,495 constant 2022 US$ -33.1%
1881 2,176 constant 2022 US$ +45.5%
1882 2,270 constant 2022 US$ +4.3%
1883 2,342 constant 2022 US$ +3.2%
1884 2,808 constant 2022 US$ +19.9%
1885 2,758 constant 2022 US$ -1.8%
1886 2,842 constant 2022 US$ +3.1%
1887 2,745 constant 2022 US$ -3.4%
1888 2,719 constant 2022 US$ -0.9%
1889 2,841 constant 2022 US$ +4.5%
1890 3,097 constant 2022 US$ +9.0%
1891 2,791 constant 2022 US$ -9.9%
1892 3,228 constant 2022 US$ +15.6%
1893 3,487 constant 2022 US$ +8.0%
1894 3,980 constant 2022 US$ +14.1%
1895 4,526 constant 2022 US$ +13.7%
1896 4,759 constant 2022 US$ +5.1%
1897 5,052 constant 2022 US$ +6.2%
1898 5,350 constant 2022 US$ +5.9%
1899 5,684 constant 2022 US$ +6.3%
1900 5,304 constant 2022 US$ -6.7%
1901 5,774 constant 2022 US$ +8.9%
1902 6,425 constant 2022 US$ +11.3%
1903 4,895 constant 2022 US$ -23.8%
1904 5,415 constant 2022 US$ +10.6%
1905 8,130 constant 2022 US$ +50.1%
1906 7,693 constant 2022 US$ -5.4%
1907 7,598 constant 2022 US$ -1.2%
1908 7,918 constant 2022 US$ +4.2%
1909 9,146 constant 2022 US$ +15.5%
1910 7,882 constant 2022 US$ -13.8%
1911 7,496 constant 2022 US$ -4.9%
1912 7,628 constant 2022 US$ +1.8%
1913 7,146 constant 2022 US$ -6.3%
1915 8,215 constant 2022 US$ +15.0%
1916 8,079 constant 2022 US$ -1.7%
1917 8,274 constant 2022 US$ +2.4%
1918 8,164 constant 2022 US$ -1.3%
1920 4,489 constant 2022 US$ -45.0%
1921 19,765 constant 2022 US$ +340.3%
1922 17,827 constant 2022 US$ -9.8%
1923 20,903 constant 2022 US$ +17.3%
1924 12,917 constant 2022 US$ -38.2%
1925 17,064 constant 2022 US$ +32.1%
1926 19,202 constant 2022 US$ +12.5%
1927 18,728 constant 2022 US$ -2.5%
1928 13,333 constant 2022 US$ -28.8%
1929 13,377 constant 2022 US$ +0.3%
1930 12,878 constant 2022 US$ -3.7%
1931 14,889 constant 2022 US$ +15.6%
1932 13,975 constant 2022 US$ -6.1%
1933 12,628 constant 2022 US$ -9.6%
1935 15,461 constant 2022 US$ +22.4%
1936 22,336 constant 2022 US$ +44.5%
1937 29,739 constant 2022 US$ +33.1%
1938 25,963 constant 2022 US$ -12.7%
1940 20,766 constant 2022 US$ -20.0%
1942 6,848 constant 2022 US$ -67.0%
1943 7,345 constant 2022 US$ +7.3%
1944 7,723 constant 2022 US$ +5.1%
1945 7,834 constant 2022 US$ +1.4%
1957 155,913 constant 2022 US$ +1890.3%
1958 168,434 constant 2022 US$ +8.0%
1959 144,943 constant 2022 US$ -13.9%
1960 143,355 constant 2022 US$ -1.1%
1961 55,932 constant 2022 US$ -61.0%
1962 61,780 constant 2022 US$ +10.5%
1963 75,074 constant 2022 US$ +21.5%
1964 82,148 constant 2022 US$ +9.4%
1965 88,960 constant 2022 US$ +8.3%
1966 91,598 constant 2022 US$ +3.0%
1967 93,964 constant 2022 US$ +2.6%
1968 93,808 constant 2022 US$ -0.2%
1969 92,163 constant 2022 US$ -1.8%
1970 98,220 constant 2022 US$ +6.6%
1971 103,322 constant 2022 US$ +5.2%
1972 112,624 constant 2022 US$ +9.0%
1973 114,549 constant 2022 US$ +1.7%
1974 110,267 constant 2022 US$ -3.7%
1975 118,977 constant 2022 US$ +7.9%
1976 131,388 constant 2022 US$ +10.4%
1977 132,199 constant 2022 US$ +0.6%
1978 128,273 constant 2022 US$ -3.0%
1979 133,833 constant 2022 US$ +4.3%
1980 128,250 constant 2022 US$ -4.2%
1981 119,575 constant 2022 US$ -6.8%
1982 116,510 constant 2022 US$ -2.6%
1983 110,228 constant 2022 US$ -5.4%
1984 110,484 constant 2022 US$ +0.2%
1985 113,750 constant 2022 US$ +3.0%
1986 135,433 constant 2022 US$ +19.1%
1987 136,333 constant 2022 US$ +0.7%
1988 138,631 constant 2022 US$ +1.7%
1989 140,179 constant 2022 US$ +1.1%
1990 140,730 constant 2022 US$ +0.4%
1991 147,407 constant 2022 US$ +4.7%
1992 132,672 constant 2022 US$ -10.0%
1993 119,579 constant 2022 US$ -9.9%
1994 124,038 constant 2022 US$ +3.7%
1995 124,268 constant 2022 US$ +0.2%
1996 135,993 constant 2022 US$ +9.4%
1997 141,346 constant 2022 US$ +3.9%
1998 148,999 constant 2022 US$ +5.4%
1999 145,735 constant 2022 US$ -2.2%
2000 140,045 constant 2022 US$ -3.9%
2001 207,568 constant 2022 US$ +48.2%
2002 212,486 constant 2022 US$ +2.4%
2003 262,732 constant 2022 US$ +23.6%
2004 275,104 constant 2022 US$ +4.7%
2005 265,539 constant 2022 US$ -3.5%
2006 277,784 constant 2022 US$ +4.6%
2007 277,125 constant 2022 US$ -0.2%
2008 317,150 constant 2022 US$ +14.4%
2009 385,896 constant 2022 US$ +21.7%
2010 522,243 constant 2022 US$ +35.3%
2011 319,359 constant 2022 US$ -38.8%
2012 360,053 constant 2022 US$ +12.7%
2013 336,641 constant 2022 US$ -6.5%
2014 472,764 constant 2022 US$ +40.4%
2015 448,850 constant 2022 US$ -5.1%
2016 225,401 constant 2022 US$ -49.8%
2017 239,554 constant 2022 US$ +6.3%
2018 251,206 constant 2022 US$ +4.9%
2019 273,916 constant 2022 US$ +9.0%
2020 566,909 constant 2022 US$ +107.0%
2021 604,902 constant 2022 US$ +6.7%
2022 638,754 constant 2022 US$ +5.6%

Sweden compared with similar countries

  • Sweden's 638,754 constant 2022 US$ is above the median for high income countries, which is 182,526 constant 2022 US$, 3.5× the median. (54 countries reporting)
  • Sweden's 638,754 constant 2022 US$ is above the median for Europe & Central Asia, which is 90,225 constant 2022 US$, 7.1× the median. (47 countries reporting)

Biggest year-on-year movements

Years where Military spending per military personnel 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
1957 +1890.3% 7,834 constant 2022 US$ 155,913 constant 2022 US$
1921 +340.3% 4,489 constant 2022 US$ 19,765 constant 2022 US$
2020 +107.0% 273,916 constant 2022 US$ 566,909 constant 2022 US$
1942 -67.0% 20,766 constant 2022 US$ 6,848 constant 2022 US$
1876 +70.5% 1,391 constant 2022 US$ 2,371 constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1810s 782.65 constant 2022 US$ 782.65 constant 2022 US$ 782.65 constant 2022 US$ 1
1820s 1,270 constant 2022 US$ 1,159 constant 2022 US$ 1,381 constant 2022 US$ 2
1830s 1,514 constant 2022 US$ 1,442 constant 2022 US$ 1,646 constant 2022 US$ 3
1840s 1,622 constant 2022 US$ 1,449 constant 2022 US$ 1,779 constant 2022 US$ 5
1850s 1,417 constant 2022 US$ 1,045 constant 2022 US$ 2,265 constant 2022 US$ 9
1860s 970.72 constant 2022 US$ 668.33 constant 2022 US$ 1,276 constant 2022 US$ 10
1870s 1,454 constant 2022 US$ 887.4 constant 2022 US$ 2,371 constant 2022 US$ 9
1880s 2,500 constant 2022 US$ 1,495 constant 2022 US$ 2,842 constant 2022 US$ 10
1890s 4,195 constant 2022 US$ 2,791 constant 2022 US$ 5,684 constant 2022 US$ 10
1900s 6,830 constant 2022 US$ 4,895 constant 2022 US$ 9,146 constant 2022 US$ 10
1910s 7,861 constant 2022 US$ 7,146 constant 2022 US$ 8,274 constant 2022 US$ 8
1920s 15,761 constant 2022 US$ 4,489 constant 2022 US$ 20,903 constant 2022 US$ 10
1930s 18,484 constant 2022 US$ 12,628 constant 2022 US$ 29,739 constant 2022 US$ 8
1940s 10,103 constant 2022 US$ 6,848 constant 2022 US$ 20,766 constant 2022 US$ 5
1950s 156,430 constant 2022 US$ 144,943 constant 2022 US$ 168,434 constant 2022 US$ 3
1960s 87,878 constant 2022 US$ 55,932 constant 2022 US$ 143,355 constant 2022 US$ 10
1970s 118,365 constant 2022 US$ 98,220 constant 2022 US$ 133,833 constant 2022 US$ 10
1980s 124,937 constant 2022 US$ 110,228 constant 2022 US$ 140,179 constant 2022 US$ 10
1990s 136,077 constant 2022 US$ 119,579 constant 2022 US$ 148,999 constant 2022 US$ 10
2000s 262,143 constant 2022 US$ 140,045 constant 2022 US$ 385,896 constant 2022 US$ 10
2010s 344,999 constant 2022 US$ 225,401 constant 2022 US$ 522,243 constant 2022 US$ 10
2020s 603,522 constant 2022 US$ 566,909 constant 2022 US$ 638,754 constant 2022 US$ 3

Countries ranked near Sweden

  1. 1 Qatar 845,874 constant 2022 US$ compare
  2. 2 United States 762,321 constant 2022 US$ compare
  3. 3 Libya 677,720 constant 2022 US$ compare
  4. 5 Australia 637,627 constant 2022 US$ compare
  5. 6 United Kingdom 535,686 constant 2022 US$ compare
  6. 7 Luxembourg 525,476 constant 2022 US$ compare

See the full ranking of 170 places →

More reference data data for Sweden

All data for Sweden →

Frequently asked questions

What is military spending per military personnel in Sweden?
Military spending per military personnel in Sweden was 638,754 constant 2022 US$ in 2022, according to Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data.
What is the highest military spending per military personnel recorded in Sweden?
The highest recorded value was 638,754 constant 2022 US$ in 2022.
What is the lowest military spending per military personnel recorded in Sweden?
The lowest recorded value was 668.33 constant 2022 US$ in 1866.
How does Sweden rank for military spending per military personnel?
Sweden ranks 4th out of 170 countries with data for 2022.
Is military spending per military personnel rising or falling in Sweden?
Over the last ten years it is up 77.4%. 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); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data, published as part of Military spending per military personnel. Statizoid updates them automatically from the source API.

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Military spending per military personnel in Sweden. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Retrieved 28 September 2026, from https://reference.statizoid.com/stat/military-spending-per-military-personnel/sweden/

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About this data

Indicator
Military spending per military personnel
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
170 places, 14,182 data points, 1816–2022
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.