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Economy of Moldova vs Switzerland compared: GDP & Debt

Updated on by Georank

Moldova has a GDP of $20.4B compared to $1.04T for Switzerland, ranking 133/197 and 20/197 by economy size, respectively.

Moldova has $7.45B in government debt (36.6% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Moldova vs Switzerland GDP by year

Moldova
Switzerland
1x
Year GDP, current $
Moldova Switzerland
2025 $20,351,796,275 $1,043,529,899,251
2024 $18,206,842,141 $969,919,786,395
2023 $16,711,906,746 $928,435,275,852
2022 $14,525,337,524 $858,479,038,994
2021 $13,691,869,264 $840,710,023,481
2020 $11,530,746,234 $756,096,180,222
2019 $11,736,797,055 $736,384,764,157
2018 $11,252,353,421 $740,766,531,454
2017 $9,514,404,016 $706,660,443,624
2016 $7,980,917,076 $698,607,778,795
2015 $7,797,667,197 $706,199,008,879
2014 $9,402,090,138 $741,168,119,617
2013 $9,496,717,876 $718,748,402,260
2012 $8,709,138,635 $697,882,536,677
2011 $8,414,352,020 $727,231,637,102
2010 $6,974,982,370 $609,999,593,542
2009 $5,439,434,272 $563,659,557,945
2008 $6,054,824,248 $574,703,945,157
2007 $4,401,173,152 $498,993,845,385
2006 $3,408,255,451 $448,364,681,767
2005 $2,988,342,907 $424,511,048,024
2004 $2,598,249,556 $409,012,909,530
2003 $1,980,907,435 $366,563,952,625
2002 $1,661,818,168 $313,930,961,761
2001 $1,480,673,594 $290,160,142,214
2000 $1,288,429,392 $282,327,351,966
1999 $1,170,782,957 $301,911,268,140
1998 $1,698,717,505 $306,907,741,068
1997 $1,930,081,169 $298,868,250,534
1996 $1,695,122,174 $345,373,647,249
1995 $1,752,999,370 $358,152,520,085
1994 $1,702,314,268 $305,916,331,798
1993 $2,371,813,324 $276,339,744,180
1992 $2,319,243,436 $284,139,428,246
1991 $3,094,565,871 $272,953,645,746
1990 $3,592,857,043 $269,768,238,555
1989 - $211,241,694,480
1988 - $218,788,504,066
1987 - $202,238,567,597
1986 - $161,487,171,049
1985 - $112,652,623,418
1984 - $111,104,641,869
1983 - $116,361,728,836
1982 - $116,776,899,473
1981 - $113,936,168,924
1980 - $124,404,609,417
1979 - $116,702,524,208
1978 - $103,821,687,919
1977 - $74,237,819,014
1976 - $69,508,364,538
1975 - $66,452,559,176
1974 - $57,963,469,607
1973 - $50,296,651,921
1972 - $37,399,508,287
1971 - $30,492,832,676
1970 - $25,374,750,743
1969 - $22,780,211,812
1968 - $21,024,203,656
1967 - $19,689,329,510
1966 - $18,290,928,227
1965 - $17,033,079,428
1964 - $16,071,715,835
1963 - $14,499,109,270
1962 - $13,185,384,691
1961 - $11,889,851,950
1960 - $10,569,129,806

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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
2025 $8,622 - $114,769 -
2024 $7,579 $18,615 $107,702 $96,498
2023 $6,800 $17,747 $104,450 $95,142
2022 $5,744 $16,453 $97,809 $94,421
2021 $5,275 $15,682 $96,583 $81,001
2020 $4,376 $13,527 $87,530 $72,998
2019 $4,405 $13,413 $85,873 $73,732
2018 $4,156 $11,868 $87,002 $70,689
2017 $3,453 $11,252 $83,610 $68,194
2016 $2,847 $10,326 $83,432 $67,351
2015 $2,750 $9,198 $85,265 $65,265
2014 $3,290 $8,643 $90,512 $63,417
2013 $3,321 $8,233 $88,851 $61,656
2012 $3,045 $7,255 $87,270 $59,441
2011 $2,941 $6,833 $91,910 $57,494
2010 $2,437 $6,323 $77,956 $54,426
2009 $1,898 $5,827 $72,788 $52,999
2008 $2,111 $6,153 $75,148 $53,809
2007 $1,531 $5,590 $66,082 $50,928
2006 $1,183 $5,271 $59,910 $46,266
2005 $1,034 $4,866 $57,080 $41,525
2004 $897 $4,378 $55,350 $40,171
2003 $682 $3,960 $49,947 $38,732
2002 $571 $3,633 $43,094 $38,705
2001 $507 $3,311 $40,134 $37,819
2000 $441 $3,045 $39,298 $36,703
1999 $399 $2,910 $42,261 $34,743
1998 $579 $2,965 $43,166 $33,860
1997 $657 $3,136 $42,160 $32,736
1996 $575 $3,021 $48,838 $31,509
1995 $594 $3,146 $50,869 $30,842
1994 $574 $3,111 $43,741 $30,265
1993 $797 $4,394 $39,828 $29,495
1992 $778 $4,337 $41,327 $29,113
1991 $1,038 $5,980 $40,140 $28,792
1990 $1,207 $6,895 $40,171 $28,461
1989 - - $31,780 -
1988 - - $33,183 -
1987 - - $30,899 -
1986 - - $24,828 -
1985 - - $17,411 -
1984 - - $17,247 -
1983 - - $18,128 -
1982 - - $18,271 -
1981 - - $17,931 -
1980 - - $19,686 -
1979 - - $18,541 -
1978 - - $16,528 -
1977 - - $11,819 -
1976 - - $11,029 -
1975 - - $10,484 -
1974 - - $9,140 -
1973 - - $7,974 -
1972 - - $5,973 -
1971 - - $4,908 -
1970 - - $4,105 -
1969 - - $3,712 -
1968 - - $3,465 -
1967 - - $3,286 -
1966 - - $3,091 -
1965 - - $2,908 -
1964 - - $2,776 -
1963 - - $2,546 -
1962 - - $2,366 -
1961 - - $2,188 -
1960 - - $1,984 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Moldova's GDP per capita is $8,622, ranking 93/197, compared to $114,769 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
$20.4B
2025
$1.04T
2025
GDP rank
133/197
2025
20/197
2025
GDP growth
2.42%
2024-2025
1.3%
2024-2025
GDP per capita
$8,622
2025
$114,769
2025
GDP per capita rank
93/197
2025
5/197
2025
GDP per capita, PPP
$18,615
2024
$96,498
2024
GDP per capita PPP rank
100/197
2024
8/197
2024
Government debt
$7.45B
2025
$411B
2025
Debt-to-GDP ratio
36.6%
2025
39.4%
2025
Government debt per person
$3,158
2025
$45,239
2025
Government debt per person rank
103/185
2025
12/185
2025
Average annual personal income after taxes
$4,301
2026
$89,347
2026
Market capitalization of domestic companies n/a
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires n/a
45
2026
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
39.4%
2025
31.2%
2025
Consumer prices inflation
7.76%
2024-2025
0.15%
2024-2025
Central bank interest rate
6.5%
2026
0%
2025
Unemployment rate
1.28%
2025
4.84%
2025
Population
2328600
9155878

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
2025 39.4% 36.6% 31.2% 39.4%
2024 38% 38.8% 31.3% 40.5%
2023 38.8% 34.9% 30.9% 37.3%
2022 36.6% 35% 30.5% 35.9%
2021 34.6% 33.6% 33.4% 39.7%
2020 36.7% 36.6% 36.3% 42.4%
2019 32% 28.8% 31.3% 38.8%
2018 31.5% 31.8% 31.1% 39%
2017 31% 34.9% 31.9% 41.1%
2016 30.5% 39.7% 31.9% 40.3%
2015 31.7% 42.1% 31.9% 41.4%
2014 33.8% 35.4% 31.5% 41.2%
2013 32.4% 30% 32% 41.2%
2012 33.7% 31.3% 31.1% 41.9%
2011 32.6% 24.2% 31% 41.2%
2010 34.1% 25.5% 30.9% 40.7%
2009 45.3% 32.6% 31.2% 42.4%
2008 41.5% 22.2% 29.6% 44.2%
2007 42.7% 28.3% 29% 44%
2006 40.3% 35% 30.1% 47.7%
2005 37.1% 40.4% 31.9% 54.1%
2004 34.8% 49.3% 32.6% 57.1%
2003 33.5% 68.1% 32.8% 56.2%
2002 30.7% 80.3% 33.6% 56.9%
2001 29.5% 85.4% 31.2% 50.5%
2000 34% 89.1% 31.9% 51.7%
1999 33% 150.7% 32.8% 52%
1998 39.1% 159.4% 32.3% 55.3%
1997 46% 89% 32.5% 52.9%
1996 43.3% 87.5% 32.5% 50.6%
1995 42% 79.5% 32% 49.3%
1994 - - 32% 46.4%
1993 - - 31.9% 43.7%
1992 - - 30.8% 38.9%
1991 - - 29% 34.6%
1990 - - 27.2% 32.8%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Moldova's government spending was $8.02B, accounting for 39.4% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 36.6% in Moldova and 39.4% in Switzerland, ranking 140/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Switzerland
1x
Year Deficit/surplus, % of GDP
Moldova Switzerland
2025 -3.87% 0.45%
2024 -4.02% 0.53%
2023 -5.13% 0.12%
2022 -3.24% 1.15%
2021 -2.62% -0.28%
2020 -5.32% -2.96%
2019 -1.47% 1.31%
2018 -0.85% 1.26%
2017 -0.65% 1.11%
2016 -1.56% 0.23%
2015 -1.93% 0.54%
2014 -1.6% -0.24%
2013 -1.57% -0.42%
2012 -1.93% 0.23%
2011 -2.05% 0.67%
2010 -2.18% 0.35%
2009 -6.38% 0.49%
2008 -0.87% 1.91%
2007 0.15% 1.55%
2006 -0.42% 0.83%
2005 1.44% -0.64%
2004 0.59% -1.37%
2003 0.47% -1.34%
2002 -1.18% -1.72%
2001 -0.34% 0.2%
2000 -3.55% 0.28%
1999 -2.64% -1.55%
1998 -1.52% -1.29%
1997 -7.47% -2.3%
1996 -7.42% -1.98%
1995 -2.58% -1.83%
1994 - -2.55%
1993 - -3.1%
1992 - -2.92%
1991 - -1.82%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Moldova's government deficit, the difference between spending and revenue, was $788M, equivalent to 3.87% of GDP. This compares to Switzerland's surplus of $4.71B, or 0.45% of GDP.

Over the past 31 years, Moldova recorded a fiscal deficit in 27 of those years, while Switzerland ran a deficit in 13 years. On average, Moldova posted an annual deficit equal to 2.31% of GDP, compared to deficit of 0.15% of GDP for Switzerland.

Inflation comparison by year

Inflation
Moldova

Switzerland
1x
Year Consumer prices inflation
Moldova Switzerland
2025 7.76% 0.15%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Moldova has recorded an average annual inflation rate of 10.4%, compared with 0.59% in Switzerland. In 2025, inflation was 7.76% in Moldova and 0.15% in Switzerland.

Top exports between countries

Moldova
Export category Export value
Raw agricultural goods $20.1M
Processed food, beverages & tobacco $13.2M
Machinery & equipment $5.52M
Textiles & consumer goods $832K
Precious metals & jewellery $727K
Wood & paper products $195K
Chemicals & pharma $124K
Miscellaneous $38K
Metals $16K
Raw materials & minerals $7K
Switzerland
Export category Export value
Machinery & equipment $41M
Chemicals & pharma $17M
Precious metals & jewellery $1.21M
Textiles & consumer goods $1.1M
Metals $529K
Raw materials & minerals $155K
Raw agricultural goods $140K
Processed food, beverages & tobacco $133K
Miscellaneous $56K
Animal & marine products $44K

Balance of trade

Moldova Switzerland
Current account balance
-$4B
2025
$72.9B
2025
Current account balance ranking
158/190
2025
11/190
2025
Current account balance, % of GDP
-19.6%
2025
+6.98%
2025
Goods imports
$10.1B
2025
$508B
2025
Goods exports
$3.23B
2025
$617B
2025
Service imports
$2.17B
2025
$214B
2025
Service exports
$3.22B
2025
$195B
2025
Imports of goods and services, % of GDP
60.9%
2025
69.1%
2025
Exports of goods and services, % of GDP
31.8%
2025
78.1%
2025

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 2026-07-08).

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
61.5%
2025
71.7%
2025
Industry, % of GDP
16.9%
2025
25%
2025
Agriculture, forestry, and fishing, % of GDP
7.38%
2025
0.64%
2025
GNI, Atlas method
$19B
2025
$1T
2025
GNI per capita, PPP
$19,990
2025
$101,690
2025
Total reserves including gold
$6.01B
2025
$1.08T
2025
Total reserves ranking
97/177
2025
4/177
2025
Net foreign direct investment
-$360M
2025
$37.6B
2025
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
24.2%
2025
29.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.