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Economy of Botswana vs Switzerland compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $937B for Switzerland, ranking 133/197 and 20/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $351B (37.5% of GDP) in Switzerland.

Botswana vs Switzerland GDP by year

Botswana
Switzerland
1x
Year GDP, current $
Botswana Switzerland
2024 $19,402,063,513 $936,564,198,049
2023 $19,411,266,967 $894,424,821,645
2022 $20,321,150,599 $828,508,926,958
2021 $18,750,182,236 $815,309,330,987
2020 $14,960,251,608 $741,999,406,006
2019 $16,725,908,149 $721,369,112,727
2018 $17,031,943,186 $725,568,717,468
2017 $16,105,155,857 $695,200,833,086
2016 $15,082,637,184 $687,895,460,903
2015 $13,530,748,845 $694,118,186,380
2014 $15,470,088,501 $726,537,808,338
2013 $14,271,738,933 $706,234,937,371
2012 $13,907,464,500 $686,420,221,558
2011 $15,110,643,612 $715,888,126,682
2010 $12,637,273,429 $598,851,028,907
2009 $10,118,459,242 $554,212,916,092
2008 $10,730,829,116 $567,267,767,519
2007 $10,567,270,656 $490,740,715,595
2006 $9,919,158,482 $441,634,672,197
2005 $9,918,907,108 $418,284,865,885
2004 $8,957,467,707 $403,912,891,033
2003 $7,511,582,173 $362,075,086,508
2002 $5,438,863,983 $309,301,422,430
2001 $5,489,608,300 $286,582,672,434
2000 $5,788,329,609 $279,216,033,870
1999 $5,484,263,347 $297,873,643,323
1998 $4,790,481,509 $303,459,014,347
1997 $5,020,265,627 $294,788,198,856
1996 $4,847,757,218 $340,103,959,547
1995 $4,730,599,122 $352,835,806,342
1994 $4,259,259,604 $301,375,055,202
1993 $4,160,129,175 $272,237,527,071
1992 $4,146,464,587 $279,921,425,828
1991 $3,942,876,703 $268,901,693,863
1990 $3,790,636,324 $265,763,573,999
1989 $3,083,822,112 $208,105,846,934
1988 $2,644,554,159 $215,540,625,299
1987 $1,965,226,890 $199,236,370,038
1986 $1,392,602,164 $159,089,921,063
1985 $1,114,783,343 $110,980,314,192
1984 $1,240,822,167 $109,455,312,168
1983 $1,172,230,397 $114,634,358,535
1982 $1,014,945,696 $115,043,365,512
1981 $1,073,812,830 $112,244,805,519
1980 $1,060,889,704 $122,557,843,886
1979 $819,870,259 $114,970,094,425
1978 $590,407,374 $102,280,472,036
1977 $451,624,780 $73,135,771,167
1976 $372,025,093 $68,476,524,644
1975 $355,168,572 $65,466,081,819
1974 $306,044,208 $57,103,011,446
1973 $244,124,164 $49,550,006,320
1972 $164,460,915 $36,844,318,854
1971 $127,448,614 $30,040,171,751
1970 $96,243,234 $24,998,066,773
1969 $77,361,547 $22,442,043,274
1968 $66,248,441 $20,712,102,794
1967 $58,642,354 $19,397,044,714
1966 $51,465,655 $18,019,402,374
1965 $45,788,696 $16,780,226,225
1964 $41,616,348 $15,833,133,858
1963 $38,091,843 $14,283,872,299
1962 $35,644,957 $12,989,649,694
1961 $32,902,613 $11,713,348,834
1960 $30,411,414 $10,412,232,621

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

GeoRank.org/economy/botswana/switzerland | CC BY

GDP per capita in Botswana vs Switzerland by year

Botswana
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $103,998 $96,498
2023 $7,826 $21,012 $100,624 $95,142
2022 $8,329 $19,977 $94,395 $94,421
2021 $7,808 $17,961 $93,665 $81,001
2020 $6,323 $15,292 $85,898 $72,998
2019 $7,172 $15,960 $84,122 $73,732
2018 $7,408 $15,786 $85,217 $70,689
2017 $7,105 $15,701 $82,254 $68,194
2016 $6,749 $16,228 $82,153 $67,351
2015 $6,141 $14,144 $83,806 $65,265
2014 $7,122 $15,003 $88,725 $63,417
2013 $6,667 $13,621 $87,304 $61,656
2012 $6,596 $12,737 $85,836 $59,441
2011 $7,287 $13,635 $90,477 $57,494
2010 $6,216 $12,753 $76,531 $54,426
2009 $5,083 $11,686 $71,568 $52,999
2008 $5,503 $13,810 $74,175 $53,809
2007 $5,529 $13,389 $64,989 $50,928
2006 $5,292 $12,563 $59,011 $46,266
2005 $5,391 $11,458 $56,243 $41,525
2004 $4,957 $10,818 $54,659 $40,171
2003 $4,230 $10,439 $49,336 $38,732
2002 $3,117 $9,958 $42,459 $38,705
2001 $3,206 $9,420 $39,639 $37,819
2000 $3,451 $9,380 $38,865 $36,703
1999 $3,340 $9,188 $41,696 $34,743
1998 $2,981 $8,441 $42,681 $33,860
1997 $3,194 $8,497 $41,584 $32,736
1996 $3,156 $7,890 $48,093 $31,509
1995 $3,156 $7,503 $50,114 $30,842
1994 $2,917 $7,049 $43,092 $30,265
1993 $2,929 $6,847 $39,237 $29,495
1992 $3,005 $6,753 $40,714 $29,113
1991 $2,939 $6,598 $39,544 $28,792
1990 $2,903 $6,104 $39,575 $28,461
1989 $2,428 - $31,309 -
1988 $2,141 - $32,690 -
1987 $1,639 - $30,441 -
1986 $1,200 - $24,460 -
1985 $994 - $17,152 -
1984 $1,145 - $16,991 -
1983 $1,121 - $17,859 -
1982 $1,006 - $18,000 -
1981 $1,107 - $17,665 -
1980 $1,132 - $19,394 -
1979 $909 - $18,266 -
1978 $695 - $16,282 -
1977 $565 - $11,644 -
1976 $490 - $10,865 -
1975 $493 - $10,328 -
1974 $446 - $9,005 -
1973 $374 - $7,856 -
1972 $264.2 - $5,885 -
1971 $212.2 - $4,835 -
1970 $163 - $4,044 -
1969 $131.8 - $3,657 -
1968 $113.4 - $3,413 -
1967 $100.9 - $3,237 -
1966 $89.1 - $3,045 -
1965 $79.7 - $2,865 -
1964 $73.5 - $2,735 -
1963 $68.9 - $2,508 -
1962 $66 - $2,330 -
1961 $62.3 - $2,155 -
1960 $58.9 - $1,954 -

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

GeoRank.org/economy/botswana/switzerland | CC BY

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $103,998 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Switzerland ranks 8th at $96,498.

Economic indicators

Botswana Switzerland
Gross domestic product
$19.4B
2024
$937B
2024
GDP rank
133/197
2024
20/197
2024
GDP growth
-2.99%
2023-2024
1.3%
2023-2024
GDP per capita
$7,696
2024
$103,998
2024
GDP per capita rank
97/197
2024
5/197
2024
GDP per capita, PPP
$20,538
2024
$96,498
2024
GDP per capita PPP rank
95/197
2024
8/197
2024
Government debt
$5.82B
2024
$351B
2024
Debt-to-GDP ratio
30%
2024
37.5%
2024
Government debt per person
$2,310
2024
$39,021
2024
Government debt per person rank
114/185
2024
15/185
2024
Average annual personal income after taxes
$5,271
2026
$85,867
2026
Market capitalization of domestic companies
$3.59B
2023
$1.97T
2024
Number of millionaires n/a
1,119,000
2025
Number of billionaires n/a
42
2025
Income share by richest 10%
42.9%
2015
26.6%
2022
Income share by poorest 10%
1.4%
2015
2.9%
2022
Government expenditure, % of GDP
33.8%
2024
31.9%
2024
Consumer prices inflation
2.82%
2023-2024
1.06%
2023-2024
Central bank interest rate
1.9%
2024
0%
2025
Unemployment rate
24.4%
2024
4.34%
2024
Population
2615162
9107866

Spending and national debt comparison by year

Botswana
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Botswana Switzerland
Government spending Government debt Government spending Government debt
2024 33.8% 30% 31.9% 37.5%
2023 32.4% 22.5% 32.1% 38.7%
2022 29.5% 21.3% 31.6% 37.2%
2021 33% 23.4% 34.4% 41%
2020 38.5% 24.8% 37% 43.2%
2019 36.4% 21.3% 32% 39.6%
2018 35.9% 19.8% 31.7% 39.8%
2017 35% 19.8% 32.4% 41.8%
2016 34.2% 22.4% 32.4% 40.9%
2015 39.7% 25.7% 32.5% 42.2%
2014 36.4% 23.9% 32.2% 42.1%
2013 34.8% 24.7% 32.5% 41.9%
2012 38.3% 27.3% 31.7% 42.6%
2011 37.4% 28.1% 31.4% 41.9%
2010 44.7% 27.9% 31.4% 41.5%
2009 54.5% 23.5% 31.8% 43.1%
2008 48% 7.77% 30% 44.8%
2007 38.3% 6.12% 29.4% 44.8%
2006 34.1% 6.32% 30.5% 48.5%
2005 35% 7.74% 32.4% 54.9%
2004 42% 11.3% 33.1% 57.8%
2003 44% 7.29% 33.2% 56.9%
2002 46% 8.55% 34.1% 57.7%
2001 42.9% 7.61% 31.6% 51.1%
2000 39.8% 8.37% 32.2% 52.2%
1999 41.7% 9.68% 33.2% 52.7%
1998 44.3% 12% 32.7% 55.9%
1997 40% - 32.9% 53.7%
1996 37.2% - 33% 51.3%
1995 38.1% - 32.4% 50%
1994 39.2% - 32.5% 47.1%
1993 44.2% - 32.5% 44.4%
1992 43.4% - 31.3% 39.5%
1991 42.3% - 29.5% 35.1%
1990 40.5% - 27.6% 33.3%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/botswana/switzerland | CC BY

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Switzerland spent $299B, or 31.9% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 37.5% in Switzerland, ranking 158/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Switzerland
1x
Year Deficit/surplus, % of GDP
Botswana Switzerland
2024 -7.82% 0.58%
2023 -4.25% 0.12%
2022 -0.006% 1.19%
2021 -2.46% -0.29%
2020 -11.5% -3.01%
2019 -8.43% 1.34%
2018 -5.07% 1.29%
2017 -1.16% 1.13%
2016 0.72% 0.24%
2015 -5.06% 0.55%
2014 3.88% -0.25%
2013 6.07% -0.43%
2012 0.92% 0.24%
2011 -0.12% 0.68%
2010 -8.36% 0.35%
2009 -14.4% 0.5%
2008 -7.59% 1.93%
2007 5.92% 1.57%
2006 13.7% 0.85%
2005 10.7% -0.65%
2004 1.42% -1.39%
2003 -0.18% -1.36%
2002 -4.02% -1.75%
2001 -2.96% 0.21%
2000 8.95% 0.28%
1999 6.18% -1.57%
1998 - -1.31%
1997 - -2.33%
1996 - -2.01%
1995 - -1.86%
1994 - -2.59%
1993 - -3.15%
1992 - -2.96%
1991 - -1.85%
1990 - -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/botswana/switzerland | CC BY

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Switzerland's surplus of $5.4B, or 0.58% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Switzerland ran a deficit in 9 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to surplus of 0.09% of GDP for Switzerland.

Inflation comparison by year

Inflation
Botswana

Switzerland
1x
Year Consumer prices inflation
Botswana Switzerland
2024 2.82% 1.06%
2023 5.07% 2.14%
2022 11.7% 2.84%
2021 7.24% 0.58%
2020 1.89% -0.73%
2019 2.77% 0.36%
2018 3.24% 0.94%
2017 3.31% 0.53%
2016 2.81% -0.43%
2015 3.06% -1.14%
2014 4.4% -0.01%
2013 5.88% -0.22%
2012 7.54% -0.69%
2011 8.46% 0.23%
2010 6.95% 0.69%
2009 8.03% -0.48%
2008 12.7% 2.43%
2007 7.08% 0.73%
2006 11.6% 1.06%
2005 8.61% 1.17%
2004 6.95% 0.8%
2003 9.19% 0.64%
2002 8.03% 0.64%
2001 6.56% 0.99%
2000 8.6% 1.56%
1999 7.75% 0.81%
1998 6.66% 0.02%
1997 8.72% 0.52%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/botswana/switzerland | CC BY

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 0.61% in Switzerland. In 2024, inflation was 2.82% in Botswana and 1.06% in Switzerland.

Top exports between countries

Botswana
Export category Export value
Raw materials & minerals $1.57M
Weapons & explosives $816K
Textiles & consumer goods $198K
Metals $62K
Machinery & equipment $50K
Raw agricultural goods $7K
Miscellaneous $2K
Precious metals & jewellery $2K
Processed food, beverages & tobacco $1K
Wood & paper products $1K
Switzerland
Export category Export value
Machinery & equipment $9.16M
Raw materials & minerals $498K
Textiles & consumer goods $94K
Metals $91K
Chemicals & pharma $88K
Raw agricultural goods $71K
Weapons & explosives $56K
Precious metals & jewellery $52K
Animal & marine products $43K
Wood & paper products $5K

Balance of trade

Botswana Switzerland
Current account balance
-$821M
2024
$72B
2024
Current account balance ranking
118/190
2024
10/190
2024
Current account balance, % of GDP
-4.23%
2024
+7.69%
2024
Goods imports
$6.86B
2024
$371B
2024
Goods exports
$4.66B
2024
$502B
2024
Service imports
$1.29B
2024
$203B
2024
Service exports
$935M
2024
$186B
2024
Imports of goods and services, % of GDP
43.7%
2024
61.9%
2024
Exports of goods and services, % of GDP
27.4%
2024
72.2%
2024

Economic freedom indices

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

Botswana Switzerland
Economic freedom 67.7 83.7
Economic freedom ranking 53/197 2/197
Property rights 71.7 94.4
Government integrity 59.6 93.3
Judicial effectiveness 70.2 98.3
Tax burden 87.1 70.9
Government spending 69.8 69.5
Fiscal health 72.4 97.2
Business freedom 61.5 86.3
Labor freedom 60.7 60
Monetary freedom 72 82.3
Trade freedom 77 87
Investment freedom 50 85
Financial freedom 60 80

Economic freedom comparison by year

Botswana
Switzerland
1x
Year Economic freedom index
Botswana Switzerland
2026 67.7 83.7
2025 69.9 83.7
2024 68 83
2023 64.9 83.8
2022 64.8 84.2
2021 67.6 81.9
2020 69.6 82
2019 69.5 81.9
2018 69.9 81.7
2017 70.1 81.5
2016 71.1 81
2015 69.8 80.5
2014 72 81.6
2013 70.6 81
2012 69.6 81.1
2011 68.8 81.9
2010 70.3 81.1
2009 69.7 79.4
2008 68.2 79.5
2007 68.1 78
2006 68.8 78.9
2005 69.3 79.3
2004 69.9 79.5
2003 68.6 79
2002 66.2 79.3
2001 66.8 76
2000 65.8 76.8
1999 62.9 79.1
1998 62.8 79
1997 59.1 78.6
1996 61.6 76.8
1995 56.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/botswana/switzerland | CC BY

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Switzerland
Services, % of GDP
63.5%
2024
72%
2024
Industry, % of GDP
29.4%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
0.63%
2024
GNI, Atlas method
$19.5B
2024
$857B
2024
GNI per capita, PPP
$20,570
2024
$93,420
2024
Total reserves including gold
$3.46B
2024
$909B
2024
Total reserves ranking
113/177
2024
4/177
2024
Net foreign direct investment
-$464M
2024
$59.7B
2024
Net inflows of foreign direct investment
$467M
2024
-$108B
2024
Net outflows of foreign direct investment
$3.02M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
n/a
Poverty at national poverty lines
16.1%
2015
15.8%
2021
Gross capital formation, % of GDP
36%
2024
27%
2024

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/botswana/switzerland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.