Sweden: public finances

What is Sweden's government debt?

Sweden's general government debt was 35.1% of GDP in 2025, up from 34.2% in 2024 and 32.2% in 2023, according to Eurostat.

This is the debt of central government, regions, municipalities and the pension system, measured under the EU's excessive deficit procedure rules, at face value. The EU reference value is 60% of GDP. Central government debt alone is reported monthly by the Swedish National Debt Office.

Official sources: Eurostat: Government deficit/surplus, debt and associated data (gov_10dd_edpt1) · Riksgälden

Does Sweden have a budget deficit?

Sweden's general government had a deficit of 1.3% of GDP in 2025, after 1.5% in 2024 and 0.9% in 2023, according to Eurostat. It had a surplus of 1.0% in 2022.

The general government balance covers central and local government and the pension system. The central government's own budget balance, reported by the Swedish National Debt Office, is a different measure and can differ from this figure. The EU limit for deficits is 3% of GDP.

Official sources: Eurostat: Government deficit/surplus, debt and associated data (gov_10dd_edpt1)

When is Sweden's 2027 budget?

The government had not presented its budget bill for 2027 on 15 October 2026. The Government Offices of Sweden say whether proposals sent out for consultation will be included depends on the election result, the economic situation, the room for reforms and financing needs. The budget bill for 2026 was presented on 22 September 2025.

The page also says the spring fiscal policy bill for 2026 was presented on 13 April 2026. When the 2027 budget bill is presented, it will appear on the same page, together with the government's forecasts for growth, unemployment and public finances.

Official sources: Regeringen: Statens budget

What is Sweden's government debt?

34.5% of GDP: that is general government gross debt in Sweden for 2025, according to the IMF. Its high point since 2005 was 2005, at 49.0% of GDP; its low point was 2023, at 32.2% of GDP. Europe & Central Asia median: 46.9% of GDP; Sweden is 35th highest of 51. Worldwide: 144th of 185.

What is Sweden's fiscal deficit?

The latest figure from the IMF, for 2025, is -1.3% of GDP (a deficit). Its high point since 2005 was 2007, at 3.4% of GDP; its low point was 2020, at -3.2% of GDP. It is 16th highest of 51 in Europe & Central Asia, where the median is -2.4% of GDP. Worldwide: 56th of 188.

What is Sweden's government revenue?

The latest figure from the IMF, for 2025, is 47.6% of GDP. That is the lowest since at least 2005. Europe & Central Asia median: 41.3% of GDP; Sweden is 10th highest of 50. World rank, highest first: 21st of 187.

How much does Sweden's government spend?

The IMF puts general government spending in Sweden at 48.9% of GDP in 2025. The peak was 52.0% of GDP in 2020 and the low 48.3% of GDP in 2022. Across Europe & Central Asia the middle value was 43.3% of GDP, and Sweden placed 12th highest of 50. Of 186 countries with 2025 data, 22nd highest.

What is Sweden's tax to GDP ratio?

The IMF puts central government tax revenue in Sweden at 27.2% of GDP in 2024. The peak was 29.2% of GDP in 2005 and the low 26.8% of GDP in 2012. Across Europe & Central Asia the middle value was 20.8% of GDP, and Sweden placed 4th highest of 42. Worldwide: 7th of 92.

What is Sweden's military budget as a share of GDP?

According to SIPRI, military spending in Sweden was 2.5% of GDP in 2025. That is the highest since at least 2005. Europe & Central Asia median: 2.0% of GDP; Sweden is 15th highest of 46. Worldwide: 38th of 149.