Sweden Military Spending
Defense budget and military expenditure data (1960–2026)
Key Facts (2026 estimate)
Military Expenditure
$12.9 billion
Ranked #25 of 148 countries worldwide
Percent of GDP
2.4%
Ranked #51 of 157 countries by % of GDP
Year-over-Year Change
+4.8%
From $12.3B in 2025
Historical Peak Spending
$12.9 billion
Reached in 2026
Sweden Defense Budget Summary
In 2026, Sweden is estimated to have spent $12.9 billion on military and defense, representing 2.4% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Sweden is the #25 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 4.8%, from $12.3 billion to $12.9 billion. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 4.0% in 1963. The historical average military budget is 2.3% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2023 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2023 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2026(estimate) | 2.40% | $12,890M |
| 2025(estimate) | 2.20% | $12,304M |
| 2024 | 2.00% | $11,719M |
| 2023 | 1.50% | $8,755M |
| 2022 | 1.33% | $7,963M |
| 2021 | 1.19% | $7,186M |
| 2020 | 1.15% | $6,519M |
| 2019 | 1.10% | $6,264M |
| 2018 | 1.04% | $5,755M |
| 2017 | 1.03% | $5,571M |
| 2016 | 1.06% | $5,572M |
| 2015 | 1.07% | $5,499M |
| 2014 | 1.13% | $5,441M |
| 2013 | 1.12% | $5,135M |
| 2012 | 1.14% | $5,106M |
| 2011 | 1.11% | $5,001M |
| 2010 | 1.19% | $5,319M |
| 2009 | 1.17% | $4,915M |
| 2008 | 1.17% | $5,011M |
| 2007 | 1.30% | $5,634M |