Military expenditure in Sweden for 2023 stood at 7.752 billion USD. The forecasted data for the upcoming years indicates a gradual increase in the military budget, reaching 7.8953 billion USD by 2028. Specifically, the yearly values are expected to be 7.7809 billion USD for 2024, 7.8099 billion USD for 2025, 7.8386 billion USD for 2026, and 7.8671 billion USD for 2027, showing consistent but modest growth.
Year-on-year variations for the forecasted period are as follows:
- 2024: 0.37% increase from 2023
- 2025: 0.37% increase from 2024
- 2026: 0.37% increase from 2025
- 2027: 0.36% increase from 2026
- 2028: 0.36% increase from 2027
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is forecasted to be approximately 0.37% per year.
Future trends to watch for include potential shifts in military expenditure driven by geopolitical tensions, technological advancements, and changes in Sweden’s defense strategy. Additionally, international collaboration and commitments within organizations such as NATO could influence future budget allocations.
