Sweden: Government debt

* indicates monthly or quarterly data series
 Sweden

Government debt as percent of GDP

 Latest value 33.00
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 46.42
 Min - Max 33.00 - 69.10
 Source Eurostat
For that indicator, we provide data for Sweden from 1995 to 2022. The average value for Sweden during that period was 46.42 percent with a minimum of 33 percent in 2022 and a maximum of 69.1 percent in 1996. The latest value from 2022 is 33 percent. For comparison, the world average in 2022 based on 161 countries is 61.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Sweden - Government debt - Recent values chart

Historical chart
Sweden - Government debt - historical chart - 1995-2022




The government debt in Sweden and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 24.82 2022 percent
 Government spending, in dollars 147.40 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 0.70 2022 percent
 Government debt 33.00 2022 percent
 Government expenditure 395.21 Q3/2023 billion
 Long-term government bond yield 2.89 9/2023 percent
 Tax revenue 27.21 2021 percent
 Commercial tax rate 49.10 2019 percent
 Tax preparation time 122 2019 hours
 Number of taxes 6 2019 taxes
 Taxes on goods and services 37.29 2021 percent
 Taxes on international trade 0.88 1994 percent
 Income and profits taxes 16.58 2021 percent
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