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Economy of Switzerland vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Switzerland has a GDP of $937B compared to $14.2B for Tajikistan, ranking 20/197 and 145/197 by economy size, respectively.

Switzerland has $352B in government debt (36.9% of GDP), compared to $4.2B (28.4% of GDP) in Tajikistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Switzerland
GDP, current $

GDP, constant 2015 $
Tajikistan
GDP, current $

GDP, constant 2015 $
Year GDP
Switzerland Tajikistan
Current $ Constant $ Current $ Constant $
1960 $10,412,232,621 $212,618,998,245 - -
1961 $11,713,348,834 $229,859,575,871 - -
1962 $12,989,649,694 $240,869,714,665 - -
1963 $14,283,872,299 $252,622,227,587 - -
1964 $15,833,133,858 $265,900,938,033 - -
1965 $16,780,226,225 $271,496,969,295 - -
1966 $18,019,402,374 $278,179,751,690 - -
1967 $19,397,044,714 $286,680,708,388 - -
1968 $20,712,102,794 $296,966,886,752 - -
1969 $22,442,043,274 $313,694,770,516 - -
1970 $24,998,066,773 $333,700,361,262 - -
1971 $30,040,171,751 $347,300,128,063 - -
1972 $36,844,318,854 $358,415,499,097 - -
1973 $49,550,006,320 $369,346,839,843 - -
1974 $57,103,011,446 $374,720,496,122 - -
1975 $65,466,081,819 $347,428,948,950 - -
1976 $68,476,524,644 $342,552,172,035 - -
1977 $73,135,771,167 $350,888,700,310 - -
1978 $102,280,472,036 $352,324,128,999 - -
1979 $114,970,094,425 $361,102,327,237 - -
1980 $122,557,843,886 $377,720,174,386 - -
1981 $112,244,805,519 $383,768,743,424 - -
1982 $115,043,365,512 $378,743,607,969 - -
1983 $114,634,358,535 $381,164,080,265 - -
1984 $109,455,312,168 $392,631,236,095 - -
1985 $110,980,314,192 $407,054,920,692 - $6,548,213,772
1986 $159,089,921,063 $414,620,577,536 - $6,777,401,246
1987 $199,236,370,038 $421,194,295,501 - $6,696,072,428
1988 $215,540,625,299 $434,999,344,090 - $7,626,826,568
1989 $208,105,846,934 $453,838,270,541 - $7,131,082,791
1990 $265,763,573,999 $470,515,127,362 $2,629,395,066 $7,088,296,320
1991 $268,901,693,863 $466,206,071,643 $2,536,585,366 $6,585,027,346
1992 $279,921,425,828 $466,002,185,701 $1,908,554,572 $4,675,369,346
1993 $272,237,527,071 $465,415,100,022 $1,646,623,195 $3,908,608,781
1994 $301,375,055,202 $471,324,744,553 $1,522,001,206 $3,076,075,188
1995 $352,835,806,342 $473,591,186,765 $1,231,561,860 $2,694,139,780
1996 $340,103,959,547 $475,823,127,431 $1,043,654,822 $2,244,218,479
1997 $294,788,198,856 $486,583,036,191 $921,518,033 $2,281,936,479
1998 $303,459,014,347 $501,326,352,837 $1,320,199,582 $2,403,172,744
1999 $297,873,643,323 $509,661,911,367 $1,086,612,290 $2,492,079,339
2000 $279,216,033,870 $529,837,998,914 $860,541,842 $2,699,528,109
2001 $286,582,672,434 $538,186,454,855 $1,080,772,551 $2,958,165,475
2002 $309,301,422,430 $537,792,409,496 $1,221,106,220 $3,277,647,458
2003 $362,075,086,508 $537,618,173,222 $1,555,318,261 $3,638,188,648
2004 $403,912,891,033 $552,143,052,490 $2,076,176,869 $4,012,922,040
2005 $418,284,865,885 $567,325,325,069 $2,312,352,021 $4,281,787,757
2006 $441,634,672,197 $590,436,050,733 $2,830,213,849 $4,581,513,037
2007 $490,740,715,595 $613,559,745,175 $3,719,524,541 $4,938,871,060
2008 $567,267,767,519 $630,788,402,146 $5,161,299,725 $5,329,041,788
2009 $554,212,916,092 $616,296,830,084 $4,979,472,364 $5,536,874,479
2010 $598,851,027,948 $636,285,783,947 $5,642,221,099 $5,896,771,270
2011 $715,888,126,682 $647,822,334,336 $6,522,756,255 $6,333,132,379
2012 $686,420,221,558 $655,461,804,172 $7,633,036,903 $6,808,117,273
2013 $706,234,937,371 $667,208,623,614 $8,448,411,318 $7,311,917,934
2014 $726,537,809,430 $682,887,235,060 $9,112,605,459 $7,801,816,486
2015 $694,118,186,380 $694,118,186,380 $8,271,431,485 $8,271,431,485
2016 $687,895,460,903 $708,477,337,740 $6,992,416,097 $8,842,160,258
2017 $695,200,834,102 $718,132,464,454 $7,536,402,853 $9,469,953,673
2018 $725,568,717,468 $738,674,254,332 $7,764,999,999 $10,189,670,047
2019 $721,369,112,727 $747,109,782,756 $8,300,813,599 $10,943,705,647
2020 $741,999,406,006 $731,108,655,211 $8,133,963,551 $11,425,228,817
2021 $815,309,330,987 $771,755,519,734 $8,937,805,347 $12,499,200,275
2022 $828,508,926,958 $795,248,228,755 $10,713,525,200 $13,499,136,339
2023 $894,424,821,645 $800,682,383,958 $12,244,169,293 $14,619,564,550
2024 $936,564,198,049 $811,109,937,475 $14,204,575,549 $15,847,607,944

Economic indicators

Switzerland Tajikistan
Gross domestic product
$937B
2024
$14.2B
2024
GDP rank
20/197
2024
145/197
2024
GDP growth
4.71%
2023-2024
16%
2023-2024
GDP per capita
$103,670
2024
$1,341
2024
GDP per capita rank
5/197
2024
167/197
2024
GDP per capita, PPP
$93,819
2024
$5,406
2024
Government debt
$352B
2024
$4.2B
2024
Debt-to-GDP ratio
36.9%
2025
28.4%
2025
Government debt per person
$38,957
2024
$396
2024
Government debt per person rank
14/185
2024
171/185
2024
Average annual personal income after taxes
$88,321
2025
$2,250
2025
Market capitalization of domestic companies
$1.97T
2024
n/a
Number of millionaires
1,054,293
2024
n/a
Number of billionaires
42
2025
n/a
Income share by richest 10%
26.6%
2022
28.2%
2024
Income share by poorest 10%
2.9%
2022
2.9%
2024
Government expenditure, % of GDP
32.1%
2025
30.3%
2025
Consumer prices inflation
1.06%
2023-2024
3.8%
2024-2025
Central bank interest rate
0%
2025
7.75%
2025
Unemployment rate
4.34%
2024
0.08%
2016
Population
9112950
10940854

GDP per capita in Switzerland vs Tajikistan

Switzerland's GDP per capita is $103,670, ranking 5/197, compared to $1,341 in Tajikistan, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $93,819, while Tajikistan ranks 156th at $5,406.

Switzerland
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
Year Current $
Switzerland Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $1,954 - - -
1961 $2,155 - - -
1962 $2,330 - - -
1963 $2,508 - - -
1964 $2,735 - - -
1965 $2,865 - - -
1966 $3,045 - - -
1967 $3,237 - - -
1968 $3,413 - - -
1969 $3,657 - - -
1970 $4,044 - - -
1971 $4,835 - - -
1972 $5,885 - - -
1973 $7,856 - - -
1974 $9,005 - - -
1975 $10,328 - - -
1976 $10,865 - - -
1977 $11,644 - - -
1978 $16,282 - - -
1979 $18,266 - - -
1980 $19,394 - - -
1981 $17,665 - - -
1982 $18,000 - - -
1983 $17,859 - - -
1984 $16,991 - - -
1985 $17,152 - - -
1986 $24,460 - - -
1987 $30,441 - - -
1988 $32,690 - - -
1989 $31,309 - - -
1990 $39,575 $28,442 $487 $2,583
1991 $39,544 $28,773 $458 $2,417
1992 $40,714 $29,093 $338 $1,721
1993 $39,237 $29,476 $287.6 $1,454
1994 $43,092 $30,245 $261.3 $1,148
1995 $50,114 $30,821 $207 $1,006
1996 $48,093 $31,498 $172 $836
1997 $41,584 $32,728 $150.1 $855
1998 $42,681 $33,858 $213.7 $905
1999 $41,696 $34,743 $175 $947
2000 $38,865 $36,695 $136.9 $1,036
2001 $39,639 $37,823 $168.7 $1,139
2002 $42,459 $38,705 $187 $1,257
2003 $49,336 $38,737 $233.6 $1,396
2004 $54,659 $40,177 $306 $1,550
2005 $56,243 $41,525 $334 $1,673
2006 $59,011 $46,276 $401 $1,810
2007 $64,989 $50,929 $517 $1,966
2008 $74,175 $53,809 $703 $2,120
2009 $71,568 $52,971 $665 $2,171
2010 $76,531 $54,432 $737 $2,291
2011 $90,477 $57,494 $834 $2,456
2012 $85,836 $59,441 $952 $2,679
2013 $87,304 $61,656 $1,028 $2,919
2014 $88,725 $63,417 $1,082 $3,152
2015 $83,806 $65,283 $957 $2,975
2016 $82,153 $67,351 $789 $2,914
2017 $82,254 $68,194 $829 $3,017
2018 $85,217 $70,689 $834 $3,069
2019 $84,122 $73,732 $871 $3,460
2020 $85,898 $72,998 $834 $3,654
2021 $93,665 $81,001 $897 $3,986
2022 $94,395 $91,326 $1,052 $4,514
2023 $100,632 $90,506 $1,178 $4,964
2024 $103,670 $93,819 $1,341 $5,406

Spending and national debt comparison

In 2024, Switzerland's government spending was $299B, accounting for 32.1% of its GDP, while Tajikistan's spent $4.27B, or 30.3% of GDP.

Debt-to-GDP ratio is 36.9% in Switzerland and 28.4% in Tajikistan, ranking 142/185 and 161/185, respectively.

Switzerland
Government spending

Government debt
Tajikistan
Government spending

Government debt
Year % of GDP
Switzerland Tajikistan
Government spending Government debt Government spending Government debt
1960 7.11% 16.2% - -
1961 7.97% 14% - -
1962 8.1% 12% - -
1963 8.2% 10.8% - -
1964 8.85% 9.43% - -
1965 8.33% 8.28% - -
1966 8.95% 7.62% - -
1967 8.68% 7.26% - -
1968 8.87% 6.99% - -
1969 9.45% 7.08% - -
1970 25.8% 38.9% - -
1971 25.4% 38.7% - -
1972 25.7% 38% - -
1973 26.5% 37% - -
1974 27.5% 38.4% - -
1975 29.3% 42.3% - -
1976 31.6% 46.7% - -
1977 31% 46.9% - -
1978 30.4% 46.6% - -
1979 30.5% 44.6% - -
1980 29.9% 43.9% - -
1981 29.4% 40.8% - -
1982 30.5% 40% - -
1983 31.2% 40.2% - -
1984 30.4% 39.8% - -
1985 30.1% 39.1% - -
1986 29.8% 37.6% - -
1987 29.8% 36.5% - -
1988 30.3% 35% - -
1989 30% 32.5% - -
1990 27.6% 33.3% - -
1991 29.5% 35.1% - -
1992 31.3% 39.5% - -
1993 32.5% 44.4% - -
1994 32.5% 47.1% - -
1995 32.4% 50% - -
1996 33% 51.3% - -
1997 32.9% 53.7% - -
1998 32.7% 55.9% 17.1% 96.6%
1999 33.2% 52.7% 17.5% 107.8%
2000 32.2% 52.2% 18.1% 111.4%
2001 31.6% 51.1% 17.3% 99.4%
2002 34.1% 57.7% 19.1% 98.3%
2003 33.2% 56.9% 19.1% 69.8%
2004 33.1% 57.8% 20.2% 49.4%
2005 32.4% 54.9% 22.9% 45.8%
2006 30.5% 48.5% 21.6% 36.8%
2007 29.4% 44.8% 20.3% 34.3%
2008 30% 44.8% 20.2% 30.2%
2009 31.8% 43.1% 23.6% 36.9%
2010 31.4% 41.5% 25.9% 36.8%
2011 31.4% 41.9% 24.3% 35.5%
2012 31.6% 42.6% 24.7% 32.5%
2013 32.5% 41.9% 27.7% 29.3%
2014 32.2% 42.1% 27.5% 27.9%
2015 32.5% 42.2% 31.9% 35%
2016 32.4% 40.9% 32.7% 42.2%
2017 32.4% 41.8% 33.8% 46.3%
2018 31.7% 39.8% 30.9% 46.6%
2019 32% 39.6% 28.8% 43.5%
2020 37% 43.2% 29.2% 51.8%
2021 34.4% 41% 27.6% 42.1%
2022 31.6% 37.2% 28% 32.5%
2023 32.1% 38.7% 31% 30.9%
2024 32% 37.6% 30% 29.5%
2025 32.1% 36.9% 30.3% 28.4%

Government deficit by year

In 2024, Switzerland's government surplus, the difference between spending and revenue, was $5.41B, equivalent to 0.58% of GDP. This compares to Tajikistan's deficit of -$355M, or -2.5% of GDP.

Over the past 27 years, Switzerland recorded a fiscal deficit in 10 of those years, while Tajikistan ran a deficit in 21 years. On average, Switzerland posted an annual surplus equal to +0.04% of GDP, compared to deficit of -1.66% of GDP for Tajikistan.

Deficit/surplus
Switzerland

Tajikistan
Year Deficit/surplus, % of GDP
Switzerland Tajikistan
1899 0.1% -
1900 -0.07% -
1901 -0.14% -
1902 0.02% -
1903 0.09% -
1904 0.002% -
1905 0.41% -
1906 0.15% -
1907 -0.02% -
1908 -0.1% -
1909 -0.78% -
1910 -0.14% -
1911 -0.006% -
1912 0.03% -
1913 -0.12% -
1914 -0.12% -
1915 -0.12% -
1916 -0.12% -
1917 -0.12% -
1918 -0.12% -
1919 -0.12% -
1920 -0.12% -
1921 -0.12% -
1922 -0.12% -
1923 -0.12% -
1924 -0.12% -
1925 -0.12% -
1926 -0.12% -
1927 -0.12% -
1928 -0.12% -
1929 0.22% -
1930 0.07% -
1931 0.03% -
1932 -0.3% -
1933 -0.88% -
1934 -0.33% -
1935 -0.23% -
1936 -0.33% -
1937 -0.17% -
1938 -1.53% -
1939 -5.05% -
1940 -10% -
1941 -8.78% -
1942 -7.28% -
1943 -8.55% -
1944 -9.37% -
1945 -7.57% -
1946 0.52% -
1947 1.27% -
1948 1.37% -
1949 0.04% -
1950 1.49% -
1951 -0.36% -
1952 -1.17% -
1953 0.38% -
1954 1.44% -
1955 1.1% -
1956 2.24% -
1957 0.66% -
1958 0.59% -
1959 0.72% -
1960 1.95% -
1961 0.34% -
1962 0.95% -
1963 0.25% -
1964 0.77% -
1965 0.05% -
1966 -0.87% -
1967 -1.07% -
1968 -0.73% -
1969 -0.98% -
1970 -1.44% -
1971 -1.41% -
1972 -1.39% -
1973 -0.93% -
1974 -1.01% -
1975 -0.93% -
1976 -1.89% -
1977 -1.64% -
1978 -1.12% -
1979 -1.79% -
1980 -1.34% -
1981 -0.54% -
1982 -1.21% -
1983 -1.23% -
1984 -0.52% -
1985 -0.25% -
1986 0.93% -
1987 0.78% -
1988 0.42% -
1989 0.2% -
1990 -0.05% -
1991 -1.85% -
1992 -2.96% -
1993 -3.15% -
1994 -2.59% -
1995 -1.86% -
1996 -2.01% -
1997 -2.33% -
1998 -1.31% -5.09%
1999 -1.57% -4.03%
2000 0.28% -4.51%
2001 0.21% -2.11%
2002 -1.75% -2.4%
2003 -1.36% -1.74%
2004 -1.39% -2.32%
2005 -0.65% -2.83%
2006 0.85% 2%
2007 1.57% 2.13%
2008 1.93% 1.94%
2009 0.5% -0.2%
2010 0.35% -2.71%
2011 0.68% 0.6%
2012 0.24% 0.41%
2013 -0.43% -0.73%
2014 -0.25% 0.92%
2015 0.55% -1.96%
2016 0.24% -2.91%
2017 1.13% -5.65%
2018 1.29% -2.69%
2019 1.34% -2.04%
2020 -3.01% -4.34%
2021 -0.29% -0.67%
2022 1.19% -0.23%
2023 0.12% -1.27%
2024 0.58% -2.5%
2025 0.26% -2.5%

Inflation comparison by year

Over the past 29 years, Switzerland has recorded an average annual inflation rate of 0.62%, compared with 29% in Tajikistan. In 2024, inflation was 1.06% in Switzerland and 3.8% in Tajikistan.

Inflation
Switzerland

Tajikistan
Year Inflation
Switzerland Tajikistan Switzerland Tajikistan
1996 0.81% 419%
1997 0.52% 88%
1998 0.02% 43.2%
1999 0.81% 27.5%
2000 1.56% 32.9%
2001 0.99% 38.6%
2002 0.64% 12.2%
2003 0.64% 16.4%
2004 0.8% 7.2%
2005 1.17% 7.3%
2006 1.06% 10%
2007 0.73% 13.2%
2008 2.43% 20.4%
2009 -0.48% 6.4%
2010 0.69% 6.5%
2011 0.23% 12.4%
2012 -0.69% 5.8%
2013 -0.22% 5%
2014 -0.01% 6.1%
2015 -1.14% 5.8%
2016 -0.43% 5.9%
2017 0.53% 7.3%
2018 0.94% 3.8%
2019 0.36% 7.8%
2020 -0.73% 8.6%
2021 0.58% 9%
2022 2.84% 6.6%
2023 2.14% 3.7%
2024 1.06% 3.5%
2025 - 3.8%

Top exports between countries

Switzerland
Export category Export value
Precious metals & jewellery $353M
Machinery & equipment $10.8M
Chemicals & pharma $1.73M
Textiles & consumer goods $1.22M
Processed food, beverages & tobacco $220K
Metals $137K
Raw materials & minerals $55K
Miscellaneous $3K
Wood & paper products $3K
Tajikistan
Export category Export value
Precious metals & jewellery $574M
Machinery & equipment $247K
Textiles & consumer goods $187K
Metals $1K
Raw materials & minerals $1K

Balance of trade

Switzerland Tajikistan
Current account balance
$47.2B
2024
$887M
2024
Current account balance ranking
12/189
2024
53/189
2024
Current account balance, % of GDP
+5.04%
2024
+6.24%
2024
Goods imports
$368B
2024
$5.94B
2024
Goods exports
$495B
2024
$1.42B
2024
Service imports
$215B
2024
$971M
2024
Service exports
$180B
2024
$195M
2024
Imports of goods and services, % of GDP
61.9%
2024
48.4%
2023
Exports of goods and services, % of GDP
72.2%
2024
17.2%
2023

Economic freedom indices

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

Switzerland Tajikistan
Economic freedom 83.7 51.5
Economic freedom ranking 2/197 152/197
Property rights 94.5 28.8
Government integrity 92.3 15.7
Judicial effectiveness 99.3 11.2
Tax burden 70.9 92.3
Government spending 68 75
Fiscal health 97.6 97.3
Business freedom 88.8 56.2
Labor freedom 60.5 43.6
Monetary freedom 80.7 71
Trade freedom 86.6 72.2
Investment freedom 85 25
Financial freedom 80 30

Economic freedom by year comparison

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 51.5 for Tajikistan, ranking 152/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Switzerland
Tajikistan
Year Economic freedom index
Switzerland Tajikistan
1996 76.8 -
1997 78.6 -
1998 79 41.1
1999 79.1 41.2
2000 76.8 44.8
2001 76 46.8
2002 79.3 47.3
2003 79 46.5
2004 79.5 48.7
2005 79.3 50.4
2006 78.9 52.6
2007 78 53.6
2008 79.5 54.4
2009 79.4 54.6
2010 81.1 53
2011 81.9 53.5
2012 81.1 53.4
2013 81 53.4
2014 81.6 52
2015 80.5 52.7
2016 81 51.3
2017 81.5 58.2
2018 81.7 58.3
2019 81.9 55.6
2020 82 52.2
2021 81.9 55.2
2022 84.2 49.7
2023 83.8 50.6
2024 83 51.3
2025 83.7 51.5

More economic indicators

Switzerland Tajikistan
Services, % of GDP
72%
2024
34.7%
2023
Industry, % of GDP
24.7%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
0.63%
2024
22.9%
2023
GNI, Atlas method
$866B
2024
$17.5B
2024
GNI per capita, PPP
$90,820
2024
$7,100
2024
Total reserves including gold
$909B
2024
$3.3B
2023
Total reserves ranking
4/177
2024
117/177
2023
Net foreign direct investment
$77.3B
2024
-$190M
2024
Net inflows of foreign direct investment
-$112B
2024
$291M
2024
Net outflows of foreign direct investment
-$34.7B
2024
$101M
2024
Servicing debt to the IMF, % of GNI
n/a
3.78%
2023
Poverty at national poverty lines
15.8%
2021
19.8%
2024
Gross capital formation, % of GDP
27%
2024
31.7%
2023

GDP per capita map

GDP per capita

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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.