Sweden: Military expenditure (% of GDP)
In , Sweden's Military expenditure (% of GDP) was 2.00.
That's up 33.1% from 2023, the highest value on record.
The global average for this indicator in 2024 was 2.20 . Sweden ranks #58 globally out of 147 reporting countries. Within Europe & Central Asia, it ranks #24 of 46.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 2.00
- Trough
- 1.03
- 1-year change
- +33.1%
- 5-year change
- +82.1%
- +12.7% / yr
- 10-year change
- +76.1%
- +5.8% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 1.9977 | |
| 1.5013 | |
| 1.3315 | |
| 1.1899 | |
| 1.1501 | |
| 1.0969 | |
| 1.0400 | |
| 1.0326 | |
| 1.0560 | |
| 1.0737 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Sweden's Military expenditure (% of GDP) in 2024?
- In 2024, Sweden's Military expenditure (% of GDP) was 2.00, according to World Bank Open Data.
- Is Sweden's Military expenditure (% of GDP) rising or falling?
- Sweden's Military expenditure (% of GDP) rose 33.1% from 2023 to 2024.
- How does Sweden rank globally on Military expenditure (% of GDP)?
- In 2024, Sweden ranked #58 out of 147 countries reporting Military expenditure (% of GDP).
- How does Sweden's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Sweden is below the world average. Within Europe & Central Asia, it ranks #24 of 46.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.