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Sweden Debt to GDP Ratio

Sweden's Debt to GDP ratio increased to 34% in 2024, up from 32% in 2023. This marks the highest level since 2021. The rise is due to increased government expenditures including fiscal policy measures and a capital injection to the Riksbank. Central government debt grew by SEK 124 billion to SEK 1.151 trillion in 2024. Despite the increase, Sweden's debt remains low historically and internationally. Sweden's record low Debt to GDP ratio was 32% in 2023 and record high was 72.4% in 1994.

Yearly Historical Data (1994-2024)

(in %)
Year Debt to GDP Ratio
2024 34%
2023 32%
2022 33.8%
2021 36.9%
2020 40.4%
2019 35.7%
2018 39.8%
2017 41.6%
2016 42.8%
2015 44.5%
2014 45.7%
2013 40.3%
2012 37.5%
2011 37.2%
2010 38.1%
2009 40.7%
2008 37.5%
2007 38.9%
2006 43.6%
2005 48.7%
2004 48.5%
2003 49.3%
2002 49.8%
2001 51.9%
2000 50.3%
1999 60.5%
1998 65.8%
1997 66.6%
1996 69.1%
1995 68.7%
1994 72.4%
Sweden Debt to GDP Ratio : Definition
Sweden's government debt to GDP shows its debt relative to economic output. It's calculated by dividing total government debt by gross domestic product. A lower ratio suggests better debt sustainability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 5.9% 5.8% Dec'24
Interest Rate 1.75% 2% Sep'25
Private Credit (% GDP) 124.2% 127.7% 2024