Sweden's goods and services expense (% of expense) was 5.42% in 2022, the latest year in the World Bank's World Development Indicators. That is down 0.58 percentage points from 6% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.42% | 2022 |
| Five years earlier | 5.33% | 2017 |
| Ten years earlier | 6% | 2012 |
| Highest | 13.52% | 1973 |
| Lowest | 4.63% | 2020 |
| Average since 2013 | 5.47% | 2013–2022 |
| First recorded | 13.16% | 1972 |
What the numbers say
In 2022, Sweden's goods and services expense (% of expense) rose 0.47 percentage points on 2021 (from 4.95% to 5.42%).
Across the 30 yearly changes before that (1992 to 2021), the average change was −0.14 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 0.63 percentage points in 1998 and the biggest yearly fall was 2.69 percentage points in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 the straight-line trend is downward, about 0.12 percentage points a year. A straight line explains 64% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2022, Sweden had the 24th highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Sweden | 5.42% | 2022 |
| World | 11.74% | 2022 |
| Europe & Central Asia | 8.9% | 2023 |
| High income | 8.55% | 2023 |
Closest to Sweden in the 2022 ranking
What this measures
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
Regional and income-group figures are computed by the World Bank as a median.
All 51 values
| Year | Goods and services expense (% of expense) |
|---|---|
| 2022 | 5.42 |
| 2021 | 4.95 |
| 2020 | 4.63 |
| 2019 | 5.4 |
| 2018 | 5.31 |
| 2017 | 5.33 |
| 2016 | 5.8 |
| 2015 | 5.94 |
| 2014 | 5.91 |
| 2013 | 5.97 |
| 2012 |
Goods and services expense (% of expense) in nearby economies
- Albania — 8.74% (2023)
- Armenia — 10.05% (2023)
- Austria — 6.63% (2023)
- Azerbaijan — 42.55% (2022)
- Belarus — 13.86% (2023)
- Belgium — 2.85% (2022)
- Bosnia and Herzegovina — 17.03% (2023)
- Bulgaria — 8.08% (2023)
- Croatia — 10.58% (2023)
- Cyprus — 9.19% (2023)
More public sector data for Sweden
- Military expenditure (current USD) — 16.47 billion (2025)
- Military expenditure (current LCU) — 161.67 billion (2025)
- Military expenditure (% of GDP) — 2.47% (2025)
- Arms exports (SIPRI trend indicator values) — 235 million (2025)
- Arms imports (SIPRI trend indicator values) — 146 million (2025)
- Net investment in nonfinancial assets (current LCU) — 185.59 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 2.9% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — -43.01 billion (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — -0.67% (2024)
- Grants and other revenue (current LCU)
Reading data like this
Questions people ask
- What is Sweden's goods and services expense (% of expense)?
- 5.42% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is down 7.74 percentage points from 13.16% in 1972. The highest value was 13.52% in 1973 and the lowest 4.63% in 2020.
- How does Sweden rank?
- 24th highest of 24 economies with data for 2022.
- Is the latest change in goods and services expense (% of expense) unusual for Sweden?
- In 2022, Sweden's goods and services expense (% of expense) rose 0.47 percentage points on 2021 (from 4.95% to 5.42%). Across the 30 yearly changes before that (1992 to 2021), the average change was −0.14 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator GC.XPN.GSRV.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in