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Economy of Sweden vs Vatican compared: GDP & Debt

Updated on by Georank team

Sweden has a GDP of $604B compared to $19.8M for the Vatican, ranking 26/197 and 197/197 by economy size, respectively.

Sweden vs Vatican GDP by year

Sweden
Vatican
1x
Year GDP, current $
Sweden Vatican
2024 $603,715,224,266 -
2023 $578,990,915,246 -
2022 $575,071,237,641 -
2021 $631,693,331,301 -
2020 $544,265,668,452 -
2019 $530,894,124,494 -
2018 $549,649,344,043 -
2017 $535,172,356,785 -
2016 $513,058,312,951 -
2015 $501,602,351,912 -
2014 $577,727,767,304 -
2013 $584,125,353,119 -
2012 $549,739,674,655 -
2011 $570,538,581,144 -
2010 $492,750,897,239 -
2009 $434,311,714,442 -
2008 $514,614,100,833 -
2007 $490,047,789,548 -
2006 $422,528,394,459 -
2005 $391,688,455,929 -
2004 $384,545,442,175 -
2003 $334,072,443,516 -
2002 $267,371,907,447 -
2001 $242,497,797,485 -
2000 $262,903,560,280 -
1999 $274,318,357,862 -
1998 $270,887,306,759 -
1997 $268,249,616,891 -
1996 $291,949,597,375 -
1995 $267,050,453,507 -
1994 $228,699,066,874 -
1993 $212,644,602,616 -
1992 $283,908,914,454 -
1991 $273,831,464,572 -
1990 $261,466,577,009 -
1989 $217,632,340,195 -
1988 $206,686,590,776 -
1987 $182,744,315,974 -
1986 $150,279,869,729 -
1985 $113,958,084,357 -
1984 $109,043,045,407 -
1983 $104,862,109,663 -
1982 $114,214,731,799 -
1981 $129,498,921,476 -
1980 $141,886,067,004 -
1979 $123,207,527,699 -
1978 $104,290,933,496 -
1977 $94,331,782,622 -
1976 $89,232,517,046 -
1975 $82,765,232,648 -
1974 $65,917,634,590 -
1973 $59,318,842,992 -
1972 $48,883,173,400 -
1971 $41,506,151,115 -
1970 $38,037,226,668 -
1969 $33,967,301,561 -
1968 $31,277,871,669 -
1967 $29,474,881,506 -
1966 $27,154,716,721 -
1965 $24,963,947,415 -
1964 $22,685,490,195 -
1963 $20,342,131,882 -
1962 $18,794,066,990 -
1961 $17,329,620,585 -
1960 $15,930,075,467 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/sweden/vatican | CC BY

Economic indicators

Sweden Vatican
Gross domestic product
$604B
2024
$19.8M
2025
GDP rank
26/197
2024
197/197
2025
GDP growth
0.82%
2023-2024
n/a
GDP per capita
$57,117
2024
$19,800
2025
GDP per capita rank
17/197
2024
59/197
2025
GDP per capita, PPP
$71,845
2024
$39,191
2025
GDP per capita PPP rank
23/197
2024
59/197
2025
Government debt
$199B
2024
n/a
Debt-to-GDP ratio
33%
2024
n/a
Government debt per person
$18,842
2024
n/a
Government debt per person rank
32/185
2024
n/a
Average annual personal income after taxes
$42,066
2026
$18,169
2026
Market capitalization of domestic companies
$290B
2003
n/a
Number of millionaires
490,000
2025
n/a
Number of billionaires
45
2025
n/a
Income share by richest 10%
22.3%
2023
n/a
Income share by poorest 10%
2.8%
2023
n/a
Government expenditure, % of GDP
49.3%
2024
n/a
Consumer prices inflation
2.84%
2023-2024
n/a
Central bank interest rate
1.75%
2025
n/a
Unemployment rate
8.31%
2024
n/a
Population
10680056
936

Balance of trade

Sweden Vatican
Current account balance
$35.8B
2024
n/a
Current account balance ranking
17/190
2024
n/a
Current account balance, % of GDP
+5.92%
2024
n/a
Goods imports
$188B
2024
n/a
Goods exports
$218B
2024
n/a
Service imports
$126B
2024
n/a
Service exports
$116B
2024
n/a
Imports of goods and services, % of GDP
51.6%
2024
n/a
Exports of goods and services, % of GDP
54.3%
2024
n/a

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Sweden Vatican
Economic freedom 77.8 65
Economic freedom ranking 14/197 69/197
Property rights 96.2 n/a
Government integrity 91.6 n/a
Judicial effectiveness 95.6 n/a
Tax burden 51.6 n/a
Government spending 28.4 n/a
Fiscal health 97.5 n/a
Business freedom 84.8 n/a
Labor freedom 65.8 n/a
Monetary freedom 78.1 n/a
Trade freedom 79.4 n/a
Investment freedom 85 n/a
Financial freedom 80 n/a

Other economic metrics

Sweden Vatican
Services, % of GDP
66.4%
2024
n/a
Industry, % of GDP
21.7%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
1.42%
2024
n/a
GNI, Atlas method
$615B
2024
n/a
GNI per capita, PPP
$75,000
2024
n/a
Total reserves including gold
$62.6B
2024
n/a
Total reserves ranking
37/177
2024
n/a
Net foreign direct investment
$2.08B
2024
n/a
Net inflows of foreign direct investment
$27B
2024
n/a
Net outflows of foreign direct investment
$29.6B
2024
n/a
Poverty at national poverty lines
16.1%
2022
n/a
Gross capital formation, % of GDP
25.4%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/sweden/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. Central Intelligence Agency (CIA) (2019–2025, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.