Since 2013, Sweden's general government investment in defense has shown a consistent decline. From a value of 10.69 units in 2013, the investment has steadily decreased to 3.53 units in 2023, marking a significant reduction. The year-on-year percentage variations have mostly been negative, with recent years (2022 and 2023) experiencing sharper declines of 9.45% and 10.18%, respectively. The compound annual growth rate (CAGR) over the last five years until 2023 was negative at -8.78%.
Future trends to watch for:
- The projection for the next five years indicates a continued steep decline in investment, with a forecasted 5-year CAGR of -14.16% and an anticipated overall reduction of 53.4% by 2028.
- This sustained decrease in defense spending may reflect strategic shifts, reallocations of funds, or broader economic trends impacting governmental budgeting priorities.
