Key information about Sweden Tax revenue: % of GDP

• Sweden Tax revenue: % of GDP was reported at 21.2 % in Dec 2023.
• This records a decrease from the previous number of 22.3 % for Dec 2022.
• Sweden Tax revenue: % of GDP data is updated yearly, averaging 22.7 % from Dec 1995 to 2023, with 29 observations.
• The data reached an all-time high of 29.7 % in 1998 and a record low of 20.2 % in 2014.
• Sweden Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from annual Tax Revenue and annual Nominal GDP. The Swedish National Financial Management Authority provides Tax Revenue in local currency. Statistics Sweden provides Nominal GDP in local currency. Tax Revenue covers Central Government only.

In 2024, the ratio of government expenditure to GDP in Sweden was estimated at approximately 49.30 percent. Between 1980 and 2024, the figure dropped by around 10.45 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 1.74 percentage points from 2024 to 2030, fluctuating as it trends downward.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Sweden SE: GDP: Net National Income data was reported at 3,765,778.000 SEK mn in 2016. This records an increase from the previous number of 3,574,381.000 SEK mn for 2015. Sweden SE: GDP: Net National Income data is updated yearly, averaging 271,100.000 SEK mn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 3,765,778.000 SEK mn in 2016 and a record low of 0.000 SEK mn in 1992. Sweden SE: GDP: Net National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

From 2012 to 2022, the tax revenue of the Swedish government increased steadily, except for 2020, which was the year COVID-19 hit the Swedish economy. The revenues include direct and indirect tax on labor, tax on capital and consumption, as well as tax on imports. Sweden has a relatively high tax ratio, and in 2022, the tax ratio was 42 percent of the gross domestic product.

Central government income balance

In 2021, the central government revenue amounted to just below 1.2 trillion Swedish kronor. Meanwhile, the expenditure amounted to approximately 1.1 trillion kronor, meaning that the budget balance was plus 78 billion kronor that year.

 Central government expenditure distribution

The largest share of the public expenditure in Sweden in 2022 was distributed to social protection and reached more than 30 percent of the total public expenditure. Social protection covers important functions such as health and childcare, but also social benefits, such as unemployment, social welfare, and pensions. The second largest share of the expenditure went to public administration.

Sweden SE: GDP: USD: Adjusted Net National Income per Capita data was reported at 44,237.728 USD in 2016. This records an increase from the previous number of 43,232.808 USD for 2015. Sweden SE: GDP: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 24,768.024 USD from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 51,432.949 USD in 2013 and a record low of 4,162.081 USD in 1970. Sweden SE: GDP: USD: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted Average;

Government spending in Sweden was last recorded at 50.0 percent of GDP in 2024 . This dataset provides the latest reported value for - Sweden Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sweden SE: GDP: sa: Gross National Income data was reported at 4,474,680.000 SEK mn in 2016. This records an increase from the previous number of 4,262,396.000 SEK mn for 2015. Sweden SE: GDP: sa: Gross National Income data is updated yearly, averaging 722,692.000 SEK mn from Dec 1950 (Median) to 2016, with 67 observations. The data reached an all-time high of 4,474,680.000 SEK mn in 2016 and a record low of 32,083.000 SEK mn in 1950. Sweden SE: GDP: sa: Gross National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual.

The budget balance in relation to the gross domestic product (GDP) in Sweden was estimated at about -1.72 percent in 2024. From 1980 to 2024, the budget balance rose by approximately 3.66 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by around 1.72 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

After decreasing from 2015 to 2019, reaching 1.11 trillion Swedish kronor, it increased again in 2020 following the COVID-19 pandemic. The national debt fell slightly again the following years. In 2023, Sweden's national debt made up 16 percent of its GDP. Central government budget balance The central government debt is determined by the budget balance, which was 164 billion Swedish kronor in 2022. That year, the central government expenditure was over 1.1 trillion Swedish kronor. The Swedish government spent the highest sum on general aid to local municipalities. Central government income The largest source of central government income comes from direct tax from labor, which amounted to over 715 billion Swedish kronor in 2022. The second highest income source was consumption and input tax.

Sweden SE: GDP: USD: Gross National Income data was reported at 546.355 USD bn in 2017. This records an increase from the previous number of 520.327 USD bn for 2016. Sweden SE: GDP: USD: Gross National Income data is updated yearly, averaging 203.030 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 591.961 USD bn in 2013 and a record low of 15.077 USD bn in 1960. Sweden SE: GDP: USD: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Government expenditure on education, total (% of GDP) in Sweden was reported at 7.5722 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sweden - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Sweden's military expenditure as a share of its gross domestic product (GDP) was around one percent from 2011 to 2019. However, it has increased since, reaching 1.5 percent in 2023. The country's total military expenditure amounted to 78 billion Swedish kronor in 2022.

Sweden SE: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 52,590.000 USD in 2017. This records a decrease from the previous number of 54,530.000 USD for 2016. Sweden SE: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 26,890.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 60,980.000 USD in 2014 and a record low of 2,310.000 USD in 1962. Sweden SE: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Sweden SE: GDP: Growth: Adjusted Net National Income data was reported at 3.556 % in 2016. This records a decrease from the previous number of 4.628 % for 2015. Sweden SE: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 2.111 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.816 % in 1994 and a record low of -7.512 % in 2009. Sweden SE: GDP: Growth: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

9.7 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

The largest share of public expenditure in Sweden in 2022 was distributed to social protection. Social protection includes benefits such as pensions and unemployment benefits. It also covers services such childcare. In 2022, the expenditure on social protection reached an amount of around 380 billion Swedish kronor, accounting for 31 percent of total expenses.

Public administration and enterprise and economic development

The second largest share of the public expenditure was spent on public administration, followed by enterprise and economic development. Public administration expenditure composed nearly 26 percent of the total public expenditure in 2022, while enterprise and economic development made up 13 percent.

 Largest expenses on the sick and disabled

A high share of the expenditure on social protection was spent on sick and disabled people. A high portion of this includes spending on elderly care. The highest share of expenses regarding elderly care went to special housing, which is housing for elderly in need of more care, who cannot manage to live on their own.

The expenditure on health in Sweden as a share of the gross domestic product has been at a higher level since 2011 than what it used to be the previous years. The share of gross domestic product spent on health fluctuated since 2011 and peaked in 2020 when it reached 11.3 percent before it started to decrease again, reaching 10.9 percent in 2023.

Fifth-highest share among the other OECD countries In comparison with the other OECD member countries in 2023, Sweden had the 10th highest expenditure on health as a share of the country’s gross domestic product. The United States had the highest share, reaching 16.5 percent of their gross domestic product, followed by France, Germany and Switzerland. Health expenditure per capita The per capita expenditure on health in Sweden increased annually during the period from 2013 to 2023. In 2023, the amount was estimated to be over 65 thousand Swedish kronor per capita.

Sweden SE: GDP: Net National Income data was reported at 962,237.000 SEK mn in Sep 2017. This records a decrease from the previous number of 985,847.000 SEK mn for Jun 2017. Sweden SE: GDP: Net National Income data is updated quarterly, averaging 455,864.000 SEK mn from Mar 1980 (Median) to Sep 2017, with 151 observations. The data reached an all-time high of 1,014,296.000 SEK mn in Dec 2016 and a record low of 0.000 SEK mn in Dec 1992. Sweden SE: GDP: Net National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

Sweden SE: GDP: USD: Adjusted Net National Income data was reported at 438.975 USD bn in 2016. This records an increase from the previous number of 423.646 USD bn for 2015. Sweden SE: GDP: USD: Adjusted Net National Income data is updated yearly, averaging 219.745 USD bn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 493.776 USD bn in 2013 and a record low of 33.475 USD bn in 1970. Sweden SE: GDP: USD: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Gap-filled total;

Estonia donated the most significant percentage of its 2021 gross domestic product (GDP) to help Ukraine over the period between January 24, 2022, and February 28, 2025. Estonia contributed 2.34 percent of its GDP in bilateral aid, followed by Denmark with 2.32 percent of GDP. Besides the Nordic and Baltic countries, Poland donated the largest share of GDP. Western countries sent aid to Ukraine in view of the Russian invasion that began in February 2022. Who donated the most to Ukraine? In absolute terms, the largest bilateral aid allocations to Ukraine were made by the United States, at over 114 billion euros as of February 28, 2025. European Union (EU) institutions, such as the European Commission and the European Council, allocated the second-largest amount of assistance, at almost 52.1 billion euros. The United Kingdom (UK) was the fourth-leading source of bilateral aid. EU aid to Ukraine The EU has supported Ukraine with over 17 billion euros in financial assistance since 2014 as of January 2022. Of them, the largest share of aid has been provided as additional loans from the European Investment Bank (EIB) and the European Bank of Reconstruction and Development (EBRD). Among EU members, Germany allocated the largest amount of bilateral aid to Ukraine from January 24, 2022, at around 17 billion euros, while Estonia allocated the largest share of GDP.