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Sweden will reach new NATO spending target of 5% of GDP, prime minister says
Published by Global Banking & Finance Review®
Posted on June 13, 2025
1 min readLast updated: January 23, 2026
Quick Summary
Sweden's Prime Minister announced the country will meet NATO's 5% GDP spending target, with 3.5% allocated for core defense, during a press conference with NATO's general secretary.
Sweden's Prime Minister Confirms NATO Spending Target of 5% GDP
STOCKHOLM (Reuters) -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 Stockholm.
"I'd like to confirm that Sweden will reach a new NATO spending target of 5% of GDP, where at least 3.5% of GDP will be allocated towards core defence requirements to fulfill NATO's new capability target," Kristersson said.
(Reporting by Greta Rosen Fondahn, writing by Louise Rasmussen, editing by Stine Jacobsen)
Key Takeaways
- •Sweden will meet NATO's 5% GDP spending target.
- •3.5% of GDP will be for core defense needs.
- •Announcement made by Prime Minister Ulf Kristersson.
- •Joint press conference held with NATO's Mark Rutte.
- •Sweden aligns with NATO's new capability targets.
Frequently Asked Questions about Sweden will reach new NATO spending target of 5% of GDP, prime minister says
1What is Sweden's new NATO spending target?
Sweden will reach a new NATO spending target of 5% of its GDP.
2How much of the GDP will be allocated to core defense?
At least 3.5% of GDP will be allocated towards core defense requirements.
3Who confirmed Sweden's NATO spending target?
Swedish Prime Minister Ulf Kristersson confirmed the NATO spending target.
4When did the announcement about NATO spending take place?
The announcement was made during a joint press conference on Friday.
5What are NATO's new capability targets?
The article mentions that the spending will help fulfill NATO's new capability targets, although specific details are not provided.
