Sweden’s supreme commander says defense spending to reach 2% of GDP by 2026
Higher prices for equipment, rising interest rates and a weak currency mean the 2 percent threshold will be reached sooner than expected.
November 1, 2022
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STOCKHOLM — Rising prices and a weak currency mean Sweden will reach the NATO target for defense expenditure of 2 percent of GDP by 2026, two years earlier than previously planned, Sweden’s supreme commander said on Tuesday.
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