🇸🇪 Sweden
Public Sector Debt · 2026
Total Debt
39.8%
of GDP
Global Rank
#152
of 192
S&P Rating
AAA
Credit rating
SOE Debt
+5.8%
4 categories
Where the Debt Sits
Central Government
Central Government: 34.0%Dev Banks: 4.2%Energy SOEs: 1.1%Infrastructure: 0.2%Public Corps: 0.3%
Who Holds This Debt
Holder Breakdown
Domestic 71%
Foreign 29%
Domestic: 71%Foreign: 29%
Currency Denomination
Local 95%
Local currency: 95%Foreign currency: 5%
Full Debt Breakdown
Central Government34.0% of GDP
Central GovernmentEurostat — Government Debt (Maastricht)
34.0%Energy SOEs1.1% of GDP
Vattenfall (energy)Vattenfall Annual Report 2024Adjusted net debt SEK 72B
1.1%Infrastructure SOEs0.2% of GDP
SJ (railways)SJ Annual ReportState railways
0.2%Public Corporations0.3% of GDP
LKAB (mining)LKAB financialsState iron ore mining
0.3%Development Banks4.2% of GDP
SEK (export credit)SEK Annual ReportSEK 271B lending
4.2%Total Corporate Debt153.0% of GDP
Nonfinancial corporate debt (total)BIS Credit Statistics Q3 2025Inflated by multinational structures. Vattenfall, LKAB are state-owned.
153.0%Household Debt83.1% of GDP
Household debtBIS Credit Statistics Q3 2025High — housing market driven. Concern for Riksbank.
83.1%Unfunded Pension Liabilities170.0% of GDP
Public pension unfunded (net of AP funds)Eurostat Table 29 (2021)Total entitlements ~290% GDP. AP buffer funds ~35% GDP + mandatory premium pension. Net unfunded ~170%.
170.0%State Bank Liabilities5.5% of GDP
SBAB (mortgage bank)SBAB financials / EurostatSEK 358B assets
5.5%All Layers Total451.4%
Credit Ratings
S&P
AAA
Moody's
Aaa
Fitch
AAA
Data Sources
Eurostat — Government Debt (Maastricht)general_government · Updated semi_annual
Dec 202434.0% GDP
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