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Economy of Moldova vs Switzerland compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $937B for Switzerland, ranking 134/197 and 20/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $351B (37.5% of GDP) in Switzerland.

Moldova vs Switzerland GDP by year

Moldova
Switzerland
1x
Year GDP, current $
Moldova Switzerland
2024 $18,200,340,854 $936,564,198,049
2023 $16,711,906,746 $894,424,821,645
2022 $14,525,337,524 $828,508,926,958
2021 $13,691,869,264 $815,309,330,987
2020 $11,530,746,234 $741,999,406,006
2019 $11,736,797,055 $721,369,112,727
2018 $11,252,353,421 $725,568,717,468
2017 $9,514,404,016 $695,200,833,086
2016 $7,980,917,076 $687,895,460,903
2015 $7,797,667,197 $694,118,186,380
2014 $9,402,090,138 $726,537,808,338
2013 $9,496,717,876 $706,234,937,371
2012 $8,709,138,635 $686,420,221,558
2011 $8,414,352,020 $715,888,126,682
2010 $6,974,982,370 $598,851,028,907
2009 $5,439,434,272 $554,212,916,092
2008 $6,054,824,248 $567,267,767,519
2007 $4,401,173,152 $490,740,715,595
2006 $3,408,255,451 $441,634,672,197
2005 $2,988,342,907 $418,284,865,885
2004 $2,598,249,556 $403,912,891,033
2003 $1,980,907,435 $362,075,086,508
2002 $1,661,818,168 $309,301,422,430
2001 $1,480,673,594 $286,582,672,434
2000 $1,288,429,392 $279,216,033,870
1999 $1,170,782,957 $297,873,643,323
1998 $1,698,717,505 $303,459,014,347
1997 $1,930,081,169 $294,788,198,856
1996 $1,695,122,174 $340,103,959,547
1995 $1,752,999,370 $352,835,806,342
1994 $1,702,314,268 $301,375,055,202
1993 $2,371,813,324 $272,237,527,071
1992 $2,319,243,436 $279,921,425,828
1991 $3,094,565,871 $268,901,693,863
1990 $3,592,857,043 $265,763,573,999
1989 - $208,105,846,934
1988 - $215,540,625,299
1987 - $199,236,370,038
1986 - $159,089,921,063
1985 - $110,980,314,192
1984 - $109,455,312,168
1983 - $114,634,358,535
1982 - $115,043,365,512
1981 - $112,244,805,519
1980 - $122,557,843,886
1979 - $114,970,094,425
1978 - $102,280,472,036
1977 - $73,135,771,167
1976 - $68,476,524,644
1975 - $65,466,081,819
1974 - $57,103,011,446
1973 - $49,550,006,320
1972 - $36,844,318,854
1971 - $30,040,171,751
1970 - $24,998,066,773
1969 - $22,442,043,274
1968 - $20,712,102,794
1967 - $19,397,044,714
1966 - $18,019,402,374
1965 - $16,780,226,225
1964 - $15,833,133,858
1963 - $14,283,872,299
1962 - $12,989,649,694
1961 - $11,713,348,834
1960 - $10,412,232,621

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

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

GDP per capita in Moldova vs Switzerland by year

Moldova
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $103,998 $96,498
2023 $6,800 $17,747 $100,624 $95,142
2022 $5,744 $16,453 $94,395 $94,421
2021 $5,275 $15,682 $93,665 $81,001
2020 $4,376 $13,527 $85,898 $72,998
2019 $4,405 $13,413 $84,122 $73,732
2018 $4,156 $11,868 $85,217 $70,689
2017 $3,453 $11,252 $82,254 $68,194
2016 $2,847 $10,326 $82,153 $67,351
2015 $2,750 $9,198 $83,806 $65,265
2014 $3,290 $8,643 $88,725 $63,417
2013 $3,321 $8,233 $87,304 $61,656
2012 $3,045 $7,255 $85,836 $59,441
2011 $2,941 $6,833 $90,477 $57,494
2010 $2,437 $6,323 $76,531 $54,426
2009 $1,898 $5,827 $71,568 $52,999
2008 $2,111 $6,153 $74,175 $53,809
2007 $1,531 $5,590 $64,989 $50,928
2006 $1,183 $5,271 $59,011 $46,266
2005 $1,034 $4,866 $56,243 $41,525
2004 $897 $4,378 $54,659 $40,171
2003 $682 $3,960 $49,336 $38,732
2002 $571 $3,633 $42,459 $38,705
2001 $507 $3,311 $39,639 $37,819
2000 $441 $3,045 $38,865 $36,703
1999 $399 $2,910 $41,696 $34,743
1998 $579 $2,965 $42,681 $33,860
1997 $657 $3,136 $41,584 $32,736
1996 $575 $3,021 $48,093 $31,509
1995 $594 $3,146 $50,114 $30,842
1994 $574 $3,111 $43,092 $30,265
1993 $797 $4,394 $39,237 $29,495
1992 $778 $4,337 $40,714 $29,113
1991 $1,038 $5,980 $39,544 $28,792
1990 $1,207 $6,895 $39,575 $28,461
1989 - - $31,309 -
1988 - - $32,690 -
1987 - - $30,441 -
1986 - - $24,460 -
1985 - - $17,152 -
1984 - - $16,991 -
1983 - - $17,859 -
1982 - - $18,000 -
1981 - - $17,665 -
1980 - - $19,394 -
1979 - - $18,266 -
1978 - - $16,282 -
1977 - - $11,644 -
1976 - - $10,865 -
1975 - - $10,328 -
1974 - - $9,005 -
1973 - - $7,856 -
1972 - - $5,885 -
1971 - - $4,835 -
1970 - - $4,044 -
1969 - - $3,657 -
1968 - - $3,413 -
1967 - - $3,237 -
1966 - - $3,045 -
1965 - - $2,865 -
1964 - - $2,735 -
1963 - - $2,508 -
1962 - - $2,330 -
1961 - - $2,155 -
1960 - - $1,954 -

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

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $103,998 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Switzerland ranks 8th at $96,498.

Economic indicators

Moldova Switzerland
Gross domestic product
$18.2B
2024
$937B
2024
GDP rank
134/197
2024
20/197
2024
GDP growth
0.1%
2023-2024
1.3%
2023-2024
GDP per capita
$7,576
2024
$103,998
2024
GDP per capita rank
99/197
2024
5/197
2024
GDP per capita, PPP
$18,615
2024
$96,498
2024
GDP per capita PPP rank
100/197
2024
8/197
2024
Government debt
$7.06B
2024
$351B
2024
Debt-to-GDP ratio
38.8%
2024
37.5%
2024
Government debt per person
$2,938
2024
$39,021
2024
Government debt per person rank
102/185
2024
15/185
2024
Average annual personal income after taxes
$4,291
2026
$85,867
2026
Market capitalization of domestic companies n/a
$1.97T
2024
Number of millionaires n/a
1,119,000
2025
Number of billionaires n/a
42
2025
Income share by richest 10%
22.8%
2023
26.6%
2022
Income share by poorest 10%
4.3%
2023
2.9%
2022
Government expenditure, % of GDP
38%
2024
31.9%
2024
Consumer prices inflation
4.68%
2023-2024
1.06%
2023-2024
Central bank interest rate
6%
2025
0%
2025
Unemployment rate
1.43%
2024
4.34%
2024
Population
2341166
9107866

Spending and national debt comparison by year

Moldova
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Moldova Switzerland
Government spending Government debt Government spending Government debt
2024 38% 38.8% 31.9% 37.5%
2023 38.8% 34.9% 32.1% 38.7%
2022 36.6% 35% 31.6% 37.2%
2021 34.6% 33.6% 34.4% 41%
2020 36.7% 36.6% 37% 43.2%
2019 32% 28.8% 32% 39.6%
2018 31.5% 31.8% 31.7% 39.8%
2017 31% 34.9% 32.4% 41.8%
2016 30.5% 39.7% 32.4% 40.9%
2015 31.7% 42.1% 32.5% 42.2%
2014 33.8% 35.4% 32.2% 42.1%
2013 32.4% 30% 32.5% 41.9%
2012 33.7% 31.3% 31.7% 42.6%
2011 32.6% 24.2% 31.4% 41.9%
2010 34.1% 25.5% 31.4% 41.5%
2009 45.3% 32.6% 31.8% 43.1%
2008 41.5% 22.2% 30% 44.8%
2007 42.7% 28.3% 29.4% 44.8%
2006 40.3% 35% 30.5% 48.5%
2005 37.1% 40.4% 32.4% 54.9%
2004 34.8% 49.3% 33.1% 57.8%
2003 33.5% 68.1% 33.2% 56.9%
2002 30.7% 80.3% 34.1% 57.7%
2001 29.5% 85.4% 31.6% 51.1%
2000 34% 89.1% 32.2% 52.2%
1999 33% 150.7% 33.2% 52.7%
1998 39.1% 159.4% 32.7% 55.9%
1997 46% 89% 32.9% 53.7%
1996 43.3% 87.5% 33% 51.3%
1995 42% 79.5% 32.4% 50%
1994 - - 32.5% 47.1%
1993 - - 32.5% 44.4%
1992 - - 31.3% 39.5%
1991 - - 29.5% 35.1%
1990 - - 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/moldova/switzerland | CC BY

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Switzerland spent $299B, or 31.9% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 37.5% in Switzerland, ranking 137/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Switzerland
1x
Year Deficit/surplus, % of GDP
Moldova Switzerland
2024 -3.88% 0.58%
2023 -5.13% 0.12%
2022 -3.24% 1.19%
2021 -2.62% -0.29%
2020 -5.32% -3.01%
2019 -1.47% 1.34%
2018 -0.85% 1.29%
2017 -0.65% 1.13%
2016 -1.56% 0.24%
2015 -1.93% 0.55%
2014 -1.6% -0.25%
2013 -1.57% -0.43%
2012 -1.93% 0.24%
2011 -2.05% 0.68%
2010 -2.18% 0.35%
2009 -6.38% 0.5%
2008 -0.87% 1.93%
2007 0.15% 1.57%
2006 -0.42% 0.85%
2005 1.44% -0.65%
2004 0.59% -1.39%
2003 0.47% -1.36%
2002 -1.18% -1.75%
2001 -0.34% 0.21%
2000 -3.55% 0.28%
1999 -2.64% -1.57%
1998 -1.52% -1.31%
1997 -7.47% -2.33%
1996 -7.42% -2.01%
1995 -2.58% -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/moldova/switzerland | CC BY

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Switzerland's surplus of $5.4B, or 0.58% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Switzerland ran a deficit in 13 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 0.17% of GDP for Switzerland.

Inflation comparison by year

Inflation
Moldova

Switzerland
1x
Year Consumer prices inflation
Moldova Switzerland
2024 4.68% 1.06%
2023 13.4% 2.14%
2022 28.7% 2.84%
2021 5.11% 0.58%
2020 3.77% -0.73%
2019 4.84% 0.36%
2018 3.05% 0.94%
2017 6.57% 0.53%
2016 6.36% -0.43%
2015 9.68% -1.14%
2014 5.09% -0.01%
2013 4.6% -0.22%
2012 4.55% -0.69%
2011 7.69% 0.23%
2010 7.48% 0.69%
2009 -0.06% -0.48%
2008 12.8% 2.43%
2007 12.4% 0.73%
2006 12.8% 1.06%
2005 12% 1.17%
2004 12.5% 0.8%
2003 11.7% 0.64%
2002 5.3% 0.64%
2001 9.76% 0.99%
2000 31.3% 1.56%
1999 39.3% 0.81%
1998 7.7% 0.02%
1997 11.8% 0.52%

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

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 0.61% in Switzerland. In 2024, inflation was 4.68% in Moldova and 1.06% in Switzerland.

Top exports between countries

Moldova
Export category Export value
Raw agricultural goods $13.1M
Machinery & equipment $5.05M
Precious metals & jewellery $1.23M
Processed food, beverages & tobacco $1.1M
Textiles & consumer goods $1.08M
Wood & paper products $227K
Metals $91K
Chemicals & pharma $89K
Miscellaneous $66K
Raw materials & minerals $8K
Switzerland
Export category Export value
Machinery & equipment $39.4M
Chemicals & pharma $16.6M
Textiles & consumer goods $982K
Precious metals & jewellery $894K
Metals $327K
Processed food, beverages & tobacco $253K
Raw agricultural goods $139K
Raw materials & minerals $101K
Wood & paper products $82K
Animal & marine products $32K

Balance of trade

Moldova Switzerland
Current account balance
-$3.01B
2024
$72B
2024
Current account balance ranking
156/190
2024
10/190
2024
Current account balance, % of GDP
-16.6%
2024
+7.69%
2024
Goods imports
$8.63B
2024
$371B
2024
Goods exports
$3.01B
2024
$502B
2024
Service imports
$1.8B
2024
$203B
2024
Service exports
$2.73B
2024
$186B
2024
Imports of goods and services, % of GDP
57.3%
2024
61.9%
2024
Exports of goods and services, % of GDP
31.4%
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.

Moldova Switzerland
Economic freedom 58.1 83.7
Economic freedom ranking 112/197 2/197
Property rights 40.4 94.4
Government integrity 45.1 93.3
Judicial effectiveness 32.4 98.3
Tax burden 87.9 70.9
Government spending 57.2 69.5
Fiscal health 70.3 97.2
Business freedom 68.3 86.3
Labor freedom 48.1 60
Monetary freedom 66 82.3
Trade freedom 76.8 87
Investment freedom 55 85
Financial freedom 50 80

Economic freedom comparison by year

Moldova
Switzerland
1x
Year Economic freedom index
Moldova Switzerland
2026 58.1 83.7
2025 58.3 83.7
2024 57.1 83
2023 58.5 83.8
2022 61.3 84.2
2021 62.5 81.9
2020 62 82
2019 59.1 81.9
2018 58.4 81.7
2017 58 81.5
2016 57.4 81
2015 57.5 80.5
2014 57.3 81.6
2013 55.5 81
2012 54.4 81.1
2011 55.7 81.9
2010 53.7 81.1
2009 54.9 79.4
2008 57.9 79.5
2007 58.7 78
2006 58 78.9
2005 57.4 79.3
2004 57.1 79.5
2003 60 79
2002 57.4 79.3
2001 54.9 76
2000 59.6 76.8
1999 56.1 79.1
1998 53.5 79
1997 48.9 78.6
1996 52.5 76.8
1995 33 -

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, 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

Moldova Switzerland
Services, % of GDP
62.3%
2024
72%
2024
Industry, % of GDP
16.8%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
0.63%
2024
GNI, Atlas method
$16.5B
2024
$857B
2024
GNI per capita, PPP
$18,710
2024
$93,420
2024
Total reserves including gold
$5.48B
2024
$909B
2024
Total reserves ranking
96/177
2024
4/177
2024
Net foreign direct investment
-$360M
2024
$59.7B
2024
Net inflows of foreign direct investment
$458M
2024
-$108B
2024
Net outflows of foreign direct investment
$98.4M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
n/a
Poverty at national poverty lines
31.6%
2023
15.8%
2021
Gross capital formation, % of GDP
21.1%
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/moldova/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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.