S&P Global Maintains Sweden's AAA Rating Amid Defense Spending Growth
S&P Global Ratings has reaffirmed Sweden's AAA credit rating, citing expected economic growth driven by fiscal policy and military exports. The outlook remains stable, with projected GDP growth of 2.1% in 2026 and rising defense investment.
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S&P Global Ratings has confirmed Sweden's AAA/A-1+ credit ratings with a stable outlook. The agency anticipates economic growth of 2.1% in 2026, supported by expansionary fiscal policies and increased private consumption, alongside military exports.
Defense spending is expected to rise from 1.2% of GDP to 3.5% by 2030, contributing to a projected government deficit of 2.6% in 2026. Sweden's net general government debt is expected to reach 32.2% of GDP by 2029.
The current account surplus is forecasted to average 5.1% from 2026 to 2029. Risks include potential declines in competitiveness and the impact of upcoming parliamentary elections on policy.
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