Sweden Military Spending/Defense Budget 1960-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Sweden military spending/defense budget for 2021 was $7.89B, a 25.77% increase from 2020.
  • Sweden military spending/defense budget for 2020 was $6.27B, a 7.39% increase from 2019.
  • Sweden military spending/defense budget for 2019 was $5.84B, a 1.86% increase from 2018.
  • Sweden military spending/defense budget for 2018 was $5.73B, a 3.73% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $800.67B
United Kingdom $68.37B
France $56.65B
Germany $56.02B
Saudi Arabia $55.56B
Japan $54.12B
South Korea $50.23B
Italy $32.01B
Australia $31.75B
Canada $26.45B
Israel $24.34B
Spain $19.54B
Netherlands $13.75B
Poland $13.71B
Qatar $11.59B
Singapore $11.12B
Kuwait $9.02B
Norway $8.25B
Greece $8.08B
Sweden $7.89B
Belgium $6.31B
Chile $6.23B
Finland $5.90B
Oman $5.78B
Switzerland $5.74B
Denmark $5.39B
Portugal $4.91B
Czech Republic $3.94B
Austria $3.83B
New Zealand $3.39B
Hungary $2.78B
Argentina $2.59B
Slovak Republic $1.98B
Croatia $1.74B
Bahrain $1.38B
Ireland $1.27B
Uruguay $1.26B
Lithuania $1.24B
Latvia $0.83B
Estonia $0.76B
Slovenia $0.73B
Cyprus $0.52B
Luxembourg $0.46B
Brunei $0.45B
Trinidad and Tobago $0.21B
Malta $0.08B
Seychelles $0.02B
Iceland $0.00B
Panama $0.00B
Sweden Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2021 $7.89B 1.28%
2020 $6.27B 1.16%
2019 $5.84B 1.09%
2018 $5.73B 1.03%
2017 $5.53B 1.02%
2016 $5.43B 1.05%
2015 $5.39B 1.07%
2014 $6.56B 1.13%
2013 $6.53B 1.11%
2012 $6.24B 1.13%
2011 $6.32B 1.10%
2010 $5.89B 1.19%
2009 $5.06B 1.16%
2008 $6.02B 1.16%
2007 $6.39B 1.30%
2006 $5.58B 1.33%
2005 $5.52B 1.42%
2004 $5.51B 1.44%
2003 $5.31B 1.60%
2002 $4.35B 1.64%
2001 $4.28B 1.78%
2000 $4.76B 1.82%
1999 $5.08B 1.87%
1998 $5.04B 1.87%
1997 $5.09B 1.91%
1996 $4.30B 1.48%
1995 $4.65B 1.75%
1994 $4.82B 2.13%
1993 $4.75B 2.26%
1992 $6.14B 2.34%
1991 $5.88B 2.32%
1990 $5.91B 2.46%
1989 $4.88B 2.43%
1988 $4.65B 2.45%
1987 $4.18B 2.48%
1986 $3.58B 2.59%
1985 $2.80B 2.67%
1984 $2.67B 2.67%
1983 $2.63B 2.74%
1982 $2.98B 2.85%
1981 $3.49B 2.95%
1980 $3.79B 2.92%
1979 $3.37B 3.12%
1978 $2.87B 3.15%
1977 $2.56B 3.10%
1976 $2.35B 3.00%
1975 $2.23B 3.08%
1974 $1.86B 3.22%
1973 $1.70B 3.28%
1972 $1.46B 3.41%
1971 $1.24B 3.41%
1970 $1.12B 3.36%
1969 $1.02B 3.46%
1968 $0.94B 3.48%
1967 $0.92B 3.61%
1966 $0.91B 3.86%
1965 $0.84B 3.91%
1964 $0.76B 3.87%
1963 $0.70B 3.97%
1962 $0.64B 3.86%
1961 $0.56B 3.72%
1960 $0.53B 3.78%