Sweden has announced it will increase its defense spending to 5% of the country’s GDP, meeting a new NATO target.

Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on Friday during a joint press conference with NATO general secretary Mark Rutte in ...

BRUSSELS — Less than two weeks before a NATO summit, Sweden and the Netherlands said Friday that they intend to increase defense spending to 5% of their gross domestic product, in line with U.S.

Sweden’s GDP Growth Rate for the first quarter was announced today, revealing a contraction that fell short of expectations. The economy shrank by 0.2% compared to the anticipated growth of 0.1% ...

Sweden's economy will expand 1.8% this year and 2.3% in 2026, Finance Minister Elisabeth Svantesson told a press conference. The government's forecast from April was for growth of 2.1% this year ...

Sweden will borrow 300 billion crowns ($31 billion) under a plan agreed by the government and opposition on Thursday, ...

Sweden’s central bank, the Riksbank, has been navigating a challenging economic landscape in 2025, as outlined in recent ...

All parties in parliament support a historic investment in Sweden's defense.Sweden's military and civilian defense will ...

Yesterday, the Swedish parliament backed plans to issue SEK 300bn in additional debt to boost defence spending. Mind you, Sweden's current defence budget stands at SEK 140bn for FY'25e (i.e. 2.7% of G ...

Swedish Prime Minister Ulf Kristersson said that “Sweden will reach a new NATO spending target to 5% of GDP, where at least 3.5% of GDP will be allocated towards core defense requirements to ...

BRUSSELS (AP) — Less than two weeks before a NATO summit, Sweden and the Netherlands said Friday that they intend to increase defense spending to 5% of their gross domestic product, in line with ...