Sweden: Taxes on goods and services (current LCU)

Key figures

What the numbers say

In 2024, Sweden's taxes on goods and services (current LCU) fell 1.8% on 2023 (from 744.59 billion to 730.99 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +4.8% and a typical year strayed about 4.1% from that (the standard deviation). This year's change was 1.6 standard deviations below 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 21.3% in 1995 and the biggest yearly fall was 4.7% in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 24.51 billion a year. A straight line explains 94% 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.

A straight-line projection, tested first

Extending that straight line gives about 829.52 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 32.33 billion, against 67.61 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Sweden had the 26th highest value of the 91 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.

Closest to Sweden in the 2024 ranking

• Philippines — 23rd of 91: 1.12 trillion
• Ukraine — 24th of 91: 964.32 billion
• Czechia — 25th of 91: 841.77 billion
• South Africa — 27th of 91: 694.63 billion
• Brazil — 28th of 91: 633.74 billion
• Dominican Republic — 29th of 91: 620.9 billion

What this measures

General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

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).

All 53 values

Taxes on goods and services (current LCU) in nearby economies

• Albania — 326.9 billion (2024)
• Armenia — 1.2 trillion (2024)
• Austria — 56.3 billion (2024)
• Azerbaijan — 10.97 billion (2024)
• Belarus — 22.33 billion (2024)
• Belgium — 56.36 billion (2024)
• Bosnia and Herzegovina — 8.76 billion (2024)
• Bulgaria — 14.98 billion (2024)
• Croatia — 14.17 billion (2023)
• Cyprus — 4.14 billion (2024)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Sweden's taxes on goods and services (current LCU)?

730.99 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 3,103% from 22.82 billion in 1972 (6.89% a year on average, compounded). The highest value was 744.59 billion in 2023 and the lowest 22.82 billion in 1972.

How does Sweden rank?

Source

World Bank, World Development Indicators, indicator GC.TAX.GSRV.CN, 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.

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