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Switzerland economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Switzerland ranked 20/197 by economy size with a GDP of $937B and 5/197 by GDP per capita at $103,998. Switzerland has $351B in government debt, with a debt-to-GDP ratio of 37.5%.

In 2024, Switzerland made up 0.84% of the world's economy, compared to 0.76% in 1960.

Switzerland GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $936,564,198,049 1.3%
2023 $894,424,821,645 0.68%
2022 $828,508,926,958 3.04%
2021 $815,309,330,987 5.56%
2020 $741,999,406,006 -2.14%
2019 $721,369,112,727 1.14%
2018 $725,568,717,468 2.86%
2017 $695,200,833,086 1.36%
2016 $687,895,460,903 2.07%
2015 $694,118,186,380 1.64%
2014 $726,537,808,338 2.35%
2013 $706,234,937,371 1.79%
2012 $686,420,221,558 1.18%
2011 $715,888,126,682 1.81%
2010 $598,851,028,907 3.24%
2009 $554,212,916,092 -2.3%
2008 $567,267,767,519 2.81%
2007 $490,740,715,595 3.92%
2006 $441,634,672,197 4.07%
2005 $418,284,865,885 2.75%
2004 $403,912,891,033 2.7%
2003 $362,075,086,508 -0.03%
2002 $309,301,422,430 -0.07%
2001 $286,582,672,434 1.58%
2000 $279,216,033,870 3.96%
1999 $297,873,643,323 1.66%
1998 $303,459,014,347 3.03%
1997 $294,788,198,856 2.26%
1996 $340,103,959,547 0.47%
1995 $352,835,806,342 0.48%
1994 $301,375,055,202 1.27%
1993 $272,237,527,071 -0.13%
1992 $279,921,425,828 -0.04%
1991 $268,901,693,863 -0.92%
1990 $265,763,573,999 3.67%
1989 $208,105,846,934 4.33%
1988 $215,540,625,299 3.28%
1987 $199,236,370,038 1.59%
1986 $159,089,921,063 1.86%
1985 $110,980,314,192 3.67%
1984 $109,455,312,168 3.01%
1983 $114,634,358,535 0.64%
1982 $115,043,365,512 -1.31%
1981 $112,244,805,519 1.6%
1980 $122,557,843,886 4.6%
1979 $114,970,094,425 2.49%
1978 $102,280,472,036 0.41%
1977 $73,135,771,167 2.43%
1976 $68,476,524,644 -1.4%
1975 $65,466,081,819 -7.28%
1974 $57,103,011,446 1.45%
1973 $49,550,006,320 3.05%
1972 $36,844,318,854 3.2%
1971 $30,040,171,751 4.08%
1970 $24,998,066,773 6.38%
1969 $22,442,043,274 5.63%
1968 $20,712,102,794 3.59%
1967 $19,397,044,714 3.06%
1966 $18,019,402,374 2.46%
1965 $16,780,226,225 2.1%
1964 $15,833,133,858 5.26%
1963 $14,283,872,299 4.88%
1962 $12,989,649,694 4.79%
1961 $11,713,348,834 8.11%
1960 $10,412,232,621 -

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

GeoRank.org/economy/switzerland | CC BY

Switzerland GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $103,998 $96,498
2023 $100,624 $95,142
2022 $94,395 $94,421
2021 $93,665 $81,001
2020 $85,898 $72,998
2019 $84,122 $73,732
2018 $85,217 $70,689
2017 $82,254 $68,194
2016 $82,153 $67,351
2015 $83,806 $65,265
2014 $88,725 $63,417
2013 $87,304 $61,656
2012 $85,836 $59,441
2011 $90,477 $57,494
2010 $76,531 $54,426
2009 $71,568 $52,999
2008 $74,175 $53,809
2007 $64,989 $50,928
2006 $59,011 $46,266
2005 $56,243 $41,525
2004 $54,659 $40,171
2003 $49,336 $38,732
2002 $42,459 $38,705
2001 $39,639 $37,819
2000 $38,865 $36,703
1999 $41,696 $34,743
1998 $42,681 $33,860
1997 $41,584 $32,736
1996 $48,093 $31,509
1995 $50,114 $30,842
1994 $43,092 $30,265
1993 $39,237 $29,495
1992 $40,714 $29,113
1991 $39,544 $28,792
1990 $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/switzerland | CC BY

Switzerland has a GDP per capita of $103,998, ranking 5/197, a GDP per capita based on purchasing power parity (PPP) of $96,498, ranking 8/197, and a median annual after tax income of $85,867, ranking 4/197.

Switzerland GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 20 4 6
2023 20 5 6
2022 20 6 6
2021 20 5 6
2020 19 5 5
2019 20 5 6
2018 20 4 7
2017 20 4 6
2016 20 4 6
2015 19 4 7
2014 20 6 10
2013 20 6 11
2012 20 6 11
2011 19 6 11
2010 19 6 13
2009 18 6 14
2008 18 8 12
2007 18 9 12
2006 18 8 14
2005 18 7 14
2004 18 6 14
2003 17 6 13
2002 17 5 12
2001 18 4 12
2000 18 5 12
1999 17 5 11
1998 16 4 11
1997 18 4 11
1996 17 4 10
1995 17 4 10
1994 17 4 10
1993 17 4 10
1992 18 3 9
1991 18 3 7
1990 16 3 7
1989 18 3 -
1988 15 3 -
1987 13 3 -
1986 15 3 -
1985 17 6 -
1984 18 7 -
1983 17 6 -
1982 18 7 -
1981 18 7 -
1980 18 7 -
1979 17 7 -
1978 16 6 -
1977 19 7 -
1976 17 8 -
1975 17 7 -
1974 17 7 -
1973 17 3 -
1972 17 4 -
1971 17 5 -
1970 18 7 -
1969 18 6 -
1968 18 5 -
1967 18 5 -
1966 18 6 -
1965 18 4 -
1964 18 6 -
1963 18 5 -
1962 18 6 -
1961 18 6 -
1960 18 6 -

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

GeoRank.org/economy/switzerland | CC BY

Compared with 2000, in 2024 Switzerland is ranked 20th out of 182 by GDP (down from 18th), 4th by GDP per capita (up from 5th), and 6th by GDP per capita PPP (up from 12th).

Economic indicators

Switzerland Rank
Gross domestic product
$937B
2024
20/197
GDP growth
1.3%
2023-2024
151/194
GDP per capita
$103,998
2024
5/197
GDP per capita, PPP
$96,498
2024
8/197
Government debt
$351B
2024
26/185
Debt-to-GDP ratio
37.5%
2024
141/185
Government debt per person
$39,021
2024
15/185
Average annual personal income after taxes
$85,867
2026
4/197
Listed domestic companies
206
2024
32/103
Market capitalization of domestic companies
$1.97T
2024
10/100
Number of millionaires
1,119,000
2025
13/35
Millionaire frequency
1 in 6
2025
1/35
Number of billionaires
42
2025
16/78
Billionaire frequency
1 in 171,874
2025
6/78
Income share by richest 10%
26.6%
2022
95/169
Income share by poorest 10%
2.9%
2022
78/169
Government expenditure, % of GDP
31.9%
2024
86/195
Consumer prices inflation
1.06%
2023-2024
169/195
Central bank interest rate
0%
2025
106/106
Unemployment rate
4.34%
2024
119/196
Population
9107866
101/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 31.9% 37.5% 0.58%
2023 32.1% 38.7% 0.12%
2022 31.6% 37.2% 1.19%
2021 34.4% 41% -0.29%
2020 37% 43.2% -3.01%
2019 32% 39.6% 1.34%
2018 31.7% 39.8% 1.29%
2017 32.4% 41.8% 1.13%
2016 32.4% 40.9% 0.24%
2015 32.5% 42.2% 0.55%
2014 32.2% 42.1% -0.25%
2013 32.5% 41.9% -0.43%
2012 31.7% 42.6% 0.24%
2011 31.4% 41.9% 0.68%
2010 31.4% 41.5% 0.35%
2009 31.8% 43.1% 0.5%
2008 30% 44.8% 1.93%
2007 29.4% 44.8% 1.57%
2006 30.5% 48.5% 0.85%
2005 32.4% 54.9% -0.65%
2004 33.1% 57.8% -1.39%
2003 33.2% 56.9% -1.36%
2002 34.1% 57.7% -1.75%
2001 31.6% 51.1% 0.21%
2000 32.2% 52.2% 0.28%
1999 33.2% 52.7% -1.57%
1998 32.7% 55.9% -1.31%
1997 32.9% 53.7% -2.33%
1996 33% 51.3% -2.01%
1995 32.4% 50% -1.86%
1994 32.5% 47.1% -2.59%
1993 32.5% 44.4% -3.15%
1992 31.3% 39.5% -2.96%
1991 29.5% 35.1% -1.85%
1990 27.6% 33.3% -0.05%
1989 30% 32.5% 0.2%
1988 30.3% 35% 0.42%
1987 29.8% 36.5% 0.78%
1986 29.8% 37.6% 0.93%
1985 30.1% 39.1% -0.25%
1984 30.4% 39.8% -0.52%
1983 31.2% 40.2% -1.23%
1982 30.5% 40% -1.21%
1981 29.4% 40.8% -0.54%
1980 29.9% 43.9% -1.34%
1979 30.5% 44.6% -1.79%
1978 30.4% 46.6% -1.12%
1977 31% 46.9% -1.64%
1976 31.6% 46.7% -1.89%
1975 29.3% 42.3% -0.93%
1974 27.5% 38.4% -1.01%
1973 26.5% 37% -0.93%
1972 25.7% 38% -1.39%
1971 25.4% 38.7% -1.41%
1970 25.8% 38.9% -1.44%
1969 9.45% 7.08% -0.98%
1968 8.87% 6.99% -0.73%
1967 8.68% 7.26% -1.07%
1966 8.95% 7.62% -0.87%
1965 8.33% 8.28% 0.05%
1964 8.85% 9.43% 0.77%
1963 8.2% 10.8% 0.25%
1962 8.1% 12% 0.95%
1961 7.97% 14% 0.34%
1960 7.11% 16.2% 1.95%
1959 7.43% 18.7% 0.72%
1958 8.47% 20.4% 0.59%
1957 7.34% 22.5% 0.66%
1956 6.79% 25.9% 2.24%
1955 7.24% 28.3% 1.1%
1954 7.81% 31% 1.44%
1953 7.95% 32.7% 0.38%
1952 10% 34% -1.17%
1951 8.66% 36.1% -0.36%
1950 8.58% 39.1% 1.49%
1949 9.37% 44.4% 0.04%
1948 9.95% 43.4% 1.37%
1947 8.74% 62.6% 1.27%
1946 11.1% 74.5% 0.52%
1945 13.9% 78.9% -7.57%
1944 16.2% 73.2% -9.37%
1943 15.2% 63% -8.55%
1942 14.5% 57.2% -7.28%
1941 17.3% 52.4% -8.78%
1940 18.1% 45% -10%
1939 11.5% 37.3% -5.05%
1938 7.61% 31.2% -1.53%
1937 6.12% 30.5% -0.17%
1936 6.74% 33.5% -0.33%
1935 6.27% 28.8% -0.23%
1934 5.92% 28.1% -0.33%
1933 5.89% 26.7% -0.88%
1932 5.46% 25.9% -0.3%
1931 4.65% 23.5% 0.03%
1930 4.29% 22.7% 0.07%
1929 4.19% 22.7% 0.22%
1928 - - -
1927 - - -
1926 - - -
1925 - - -
1924 - - -
1923 - - -
1922 - - -
1921 - - -
1920 - - -
1919 - - -
1918 - - -
1917 - - -
1916 - - -
1915 - - -
1914 - - -
1913 2.45% 2.7% -0.12%
1912 2.45% 2.84% 0.03%
1911 2.39% 2.9% -0.006%
1910 4.15% 3.17% -0.14%
1909 5.1% 3.45% -0.78%
1908 4.37% 2.92% -0.1%
1907 4.03% 2.69% -0.02%
1906 3.91% 3.04% 0.15%
1905 3.79% 3.3% 0.41%
1904 3.93% 3.47% 0.002%
1903 3.8% 4.09% 0.09%
1902 3.94% 3.33% 0.02%
1901 4.07% 3.41% -0.14%
1900 4.03% 3.63% -0.07%
1899 3.87% 3.56% 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/switzerland | CC BY

This chart shows Switzerland's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Switzerland recorded a fiscal deficit in 29 of them, with an average annual deficit equal to 0.52% of GDP. In 2024, government spending reached $299B (31.9% of GDP), with a surplus of 0.58%.

The national debt reached $351B, ranking 26th out of 185 countries by total size, with a debt-to-GDP ratio of 37.5%, ranking 141st.

Inflation rate by year

1x
Year Inflation
2024 1.06%
2023 2.14%
2022 2.84%
2021 0.58%
2020 -0.73%
2019 0.36%
2018 0.94%
2017 0.53%
2016 -0.43%
2015 -1.14%
2014 -0.01%
2013 -0.22%
2012 -0.69%
2011 0.23%
2010 0.69%
2009 -0.48%
2008 2.43%
2007 0.73%
2006 1.06%
2005 1.17%
2004 0.8%
2003 0.64%
2002 0.64%
2001 0.99%
2000 1.56%
1999 0.81%
1998 0.02%
1997 0.52%
1996 0.81%
1995 1.8%
1994 0.85%
1993 3.29%
1992 4.04%
1991 5.86%
1990 5.4%
1989 3.16%
1988 1.87%
1987 1.44%
1986 0.75%
1985 3.44%
1984 2.93%
1983 2.95%
1982 5.66%
1981 6.49%
1980 4.02%
1979 3.65%
1978 1.03%
1977 1.3%
1976 1.72%
1975 6.7%
1974 9.77%
1973 8.75%
1972 6.66%
1971 6.57%
1970 3.62%
1969 2.49%
1968 2.4%
1967 4.01%
1966 4.78%
1965 3.41%
1964 3.08%
1963 3.44%
1962 4.32%
1961 1.85%
1960 1.44%

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

GeoRank.org/economy/switzerland | CC BY

Over the past 20 years, Switzerland has had an average annual inflation rate of 0.55%. In 2024, inflation was 1.06%. The bar chart above shows consumer price inflation by year.

Balance of trade

Switzerland Rank
Current account balance
$72B
2024
10/190
Current account balance, % of GDP
+7.69%
2024
19/190
Goods imports
$371B
2024
16/189
Goods exports
$502B
2024
12/189
Service imports
$203B
2024
10/189
Service exports
$186B
2024
12/189
Imports of goods and services, % of GDP
61.9%
2024
48/181
Exports of goods and services, % of GDP
72.2%
2024
24/193

Switzerland top 10 trading partners

Switzerland's biggest trading partner accounting for 15% of all exports and imports is Germany, with a trade balance between the two of -$16.6B: Switzerland exports $51.4B worth of goods and services to Germany and imports $68B.

Below is the list of the top 10 trade partners of Switzerland.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 Germany $119B 15% $51.4B $68B Chemicals & pharma Machinery & equipment
2 United States $103B 13% $73.7B $29.3B Chemicals & pharma IT & IP services
3 China $62.7B 7.9% $42.4B $20.3B Precious metals & jewellery Machinery & equipment
4 Italy $58.3B 7.35% $28B $30.4B Chemicals & pharma Chemicals & pharma
5 Slovenia $50.4B 6.35% $30B $20.4B Chemicals & pharma Chemicals & pharma
6 France $42.2B 5.32% $21.1B $21.1B Precious metals & jewellery Precious metals & jewellery
7 United Kingdom $31B 3.91% $22.5B $8.53B Precious metals & jewellery Precious metals & jewellery
8 India $25.6B 3.23% $22.6B $3.02B Precious metals & jewellery IT & IP services
9 UAE $24.4B 3.08% $11.3B $13.1B Precious metals & jewellery Precious metals & jewellery
10 Austria $19.5B 2.45% $8.74B $10.7B Chemicals & pharma Chemicals & pharma

Top 10 exports

Switzerland Rank
Chemicals & pharma $172B 4/193
Precious metals & jewellery $169B 1/190
Machinery & equipment $66.5B 27/193
Business & finance services $50.4B 12/188
IT & IP services $44.9B 7/183
Transport & tourism services $42.4B 21/188
Textiles & consumer goods $9.33B 32/193
Metals $8.29B 38/192
Raw materials & minerals $7.1B 66/193
Processed food, beverages & tobacco $6.18B 36/192

Top 10 imports

Switzerland Rank
Precious metals & jewellery $130B 1/193
Chemicals & pharma $90.1B 7/193
Machinery & equipment $72.3B 30/193
Transport & tourism services $55.2B 13/188
IT & IP services $47.2B 6/182
Business & finance services $40.1B 15/188
Textiles & consumer goods $23.9B 18/193
Raw materials & minerals $15.2B 41/193
Metals $12.8B 30/193
Processed food, beverages & tobacco $9.46B 28/193

Economic freedom indices

Switzerland Rank
Economic freedom 83.7 2/197
Property rights 94.4 11/182
Government integrity 93.3 4/182
Judicial effectiveness 98.3 2/182
Tax burden 70.9 141/182
Government spending 69.5 104/180
Fiscal health 97.2 19/181
Business freedom 86.3 9/182
Labor freedom 60 53/182
Monetary freedom 82.3 5/180
Trade freedom 87 5/181
Investment freedom 85 11/181
Financial freedom 80 14/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 83.7 98.3 70.9 69.5 97.2
2025 83.7 99.3 70.9 68 97.6
2024 83 98.1 70.4 64.6 95.7
2023 83.8 92.3 70.6 63.9 95.4
2022 84.2 98 70.1 67.2 96.3
2021 81.9 82.2 70.4 67.6 96.9
2020 82 81.5 70.1 65.3 96.7
2019 81.9 82 70.5 64.8 96.3
2018 81.7 82.1 70.5 65.4 95.9
2017 81.5 77.6 70.9 67.5 95.8
2016 81 - 70.9 66.3 -
2015 80.5 - 70.3 65.1 -
2014 81.6 - 68.9 65.7 -
2013 81 - 68.1 63.8 -
2012 81.1 - 67.9 65.8 -
2011 81.9 - 68.4 69.3 -
2010 81.1 - 68.2 68.9 -
2009 79.4 - 67.5 65.3 -
2008 79.5 - 68 61.6 -
2007 78 - 67.9 59.8 -
2006 78.9 - 73.4 61.1 -
2005 79.3 - 73 61.1 -
2004 79.5 - 80.6 55.8 -
2003 79 - 80.4 55.3 -
2002 79.3 - 80 56.7 -
2001 76 - 80.1 22 -
2000 76.8 - 80.7 28 -
1999 79.1 - 80.4 54.4 -
1998 79 - 77.4 56.2 -
1997 78.6 - 77.7 54.4 -
1996 76.8 - 78 53.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/switzerland | CC BY

Switzerland is ranked 2/174 for economic freedom with a score of 83.7, compared to 7/162 and a score of 78.9 in 2006.

Other economic metrics

Switzerland Rank
Services, % of GDP
72%
2024
20/191
Industry, % of GDP
24.7%
2024
91/194
Agriculture, forestry, and fishing, % of GDP
0.63%
2024
181/193
GNI, Atlas method
$857B
2024
20/194
GNI per capita, PPP
$93,420
2024
6/191
Total reserves including gold
$909B
2024
4/177
Net foreign direct investment
$59.7B
2024
4/189
Net inflows of foreign direct investment
-$108B
2024
193/193
Net outflows of foreign direct investment
-$27.9B
2024
190/193
Poverty at national poverty lines
15.8%
2021
126/176
Gross capital formation, % of GDP
27%
2024
47/178

Compare Switzerland vs other countries

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/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) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, 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.

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.