Key Market Indicators
Sweden's defense expenditure is projected to climb to nearly $7.9 billion by 2028, up from approximately $7.75 billion in 2023. This marks a modest annual growth rate of 0.3%. Since 1965, Swedish defense spending has increased at an average annual rate of 6.2%. In the global rankings for 2023, Sweden placed 29th, with Greece narrowly ahead at around $7.75 billion. Topping the list are China, Russia, and India, occupying the second, third, and fourth spots respectively.
