Sweden—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #26 of 156Updated April 2026
Latest Value
$12.04B
2024
YoY Change
+37.5%
2023 → 2024
Global Rank
#26
of 156 countries
Maximum
$12.04B
2024
Minimum
$4.28B
2001
CAGR
+3.9%
25 years
Last
$12.04B
Previous
$8.75B
Highest
$12.04B
Lowest
$4.28B
Source
World Bank World Development Indicators
Sweden's military expenditure (usd) was $12.04B in 2024, ranking #26 out of 156 countries. This represents a +37.5% change from 2023. Over the past 25 years, the highest recorded value was $12.04B (2024) and the lowest was $4.28B (2001). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $12.04B | +37.5% |
| 2023 | $8.75B | +13.4% |
| 2022 | $7.72B | +1.8% |
| 2021 | $7.58B | +20.9% |
| 2020 | $6.27B | +7.4% |
| 2019 | $5.84B | +1.9% |
| 2018 | $5.73B | +3.7% |
| 2017 | $5.53B | +1.8% |
| 2016 | $5.43B | +0.8% |
| 2015 | $5.39B | -17.8% |
| 2014 | $6.56B | +0.4% |
| 2013 | $6.53B | +4.6% |
| 2012 | $6.24B | -1.3% |
| 2011 | $6.32B | +7.5% |
| 2010 | $5.89B | +16.3% |
| 2009 | $5.06B | -16.0% |
| 2008 | $6.02B | -5.7% |
| 2007 | $6.39B | +14.5% |
| 2006 | $5.58B | +1.1% |
| 2005 | $5.52B | +0.1% |
| 2004 | $5.51B | +3.9% |
| 2003 | $5.31B | +21.8% |
| 2002 | $4.35B | +1.7% |
| 2001 | $4.28B | -10.1% |
| 2000 | $4.76B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |