Military spending in Sweden
Sweden: Military spending was 14.95 billion constant 2024 US$ in 2025. ▲ Rising
Military spending in Sweden, 1960–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Sweden recorded 14.95 billion constant 2024 US$ for military spending in 2025. That is the highest value across all 66 years on record.
That represents a change of up 24.1% on the previous year and up 162.5% over ten years.
Over the whole period, military spending in Sweden peaked at 14.95 billion constant 2024 US$ in 2025 and was at its lowest, 3.84 billion constant 2024 US$, in 1960.
Sweden ranks 28th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 66 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.75 billion constant 2024 US$ | 3.84 billion constant 2024 US$ | 5.34 billion constant 2024 US$ | 10 |
| 1970s | 5.92 billion constant 2024 US$ | 5.48 billion constant 2024 US$ | 6.45 billion constant 2024 US$ | 10 |
| 1980s | 6.31 billion constant 2024 US$ | 5.97 billion constant 2024 US$ | 6.77 billion constant 2024 US$ | 10 |
| 1990s | 6.37 billion constant 2024 US$ | 6.05 billion constant 2024 US$ | 6.90 billion constant 2024 US$ | 10 |
| 2000s | 5.83 billion constant 2024 US$ | 5.09 billion constant 2024 US$ | 6.61 billion constant 2024 US$ | 10 |
| 2010s | 5.66 billion constant 2024 US$ | 5.18 billion constant 2024 US$ | 6.49 billion constant 2024 US$ | 10 |
| 2020s | 9.75 billion constant 2024 US$ | 6.75 billion constant 2024 US$ | 14.95 billion constant 2024 US$ | 6 |
Countries ranked near Sweden
- 25 Norway 16.09 billion constant 2024 US$ compare
- 26 Qatar 16.08 billion constant 2024 US$ compare
- 27 Indonesia 15.33 billion constant 2024 US$ compare
- 29 Denmark 14.08 billion constant 2024 US$ compare
- 30 Mexico 13.78 billion constant 2024 US$ compare
- 31 Colombia 13.74 billion 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 in Sweden?
- Military spending in Sweden was 14.95 billion constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Sweden?
- The highest recorded value was 14.95 billion constant 2024 US$ in 2025.
- What is the lowest military spending recorded in Sweden?
- The lowest recorded value was 3.84 billion constant 2024 US$ in 1960.
- How does Sweden rank for military spending?
- Sweden ranks 28th out of 162 countries with data for 2025.
- Is military spending rising or falling in Sweden?
- Over the last ten years it is up 162.5%. The long-run trend across the full record is rising.
- Where does this Sweden data come from?
- The figures come from Stockholm International Peace Research Institute (2026) – 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 — 66 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.