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Economy of Switzerland vs Tonga compared: GDP & Debt

Updated on by Georank team

Switzerland has a GDP of $937B compared to $591M for Tonga, ranking 20/197 and 191/197 by economy size, respectively.

Switzerland has $351B in government debt (37.5% of GDP), compared to $256M (37% of GDP) in Tonga.

Switzerland vs Tonga GDP by year

Switzerland
Tonga
1x
Year GDP, current $
Switzerland Tonga
2024 $936,564,198,049 -
2023 $894,424,821,645 $591,139,749
2022 $828,508,926,958 $556,514,555
2021 $815,309,330,987 $519,306,353
2020 $741,999,406,006 $506,571,468
2019 $721,369,112,727 $506,031,239
2018 $725,568,717,468 $493,530,783
2017 $695,200,833,086 $459,976,850
2016 $687,895,460,903 $420,828,262
2015 $694,118,186,380 $437,525,514
2014 $726,537,808,338 $440,997,738
2013 $706,234,937,371 $451,788,498
2012 $686,420,221,558 $471,122,971
2011 $715,888,126,682 $414,143,828
2010 $598,851,028,907 $366,887,375
2009 $554,212,916,092 $312,415,028
2008 $567,267,767,519 $344,438,844
2007 $490,740,715,595 $298,519,623
2006 $441,634,672,197 $292,232,703
2005 $418,284,865,885 $261,823,805
2004 $403,912,891,033 $230,678,011
2003 $362,075,086,508 $202,246,591
2002 $309,301,422,430 $182,764,281
2001 $286,582,672,434 $181,117,230
2000 $279,216,033,870 $204,848,488
1999 $297,873,643,323 $199,208,718
1998 $303,459,014,347 $191,504,893
1997 $294,788,198,856 $214,991,452
1996 $340,103,959,547 $222,100,576
1995 $352,835,806,342 $208,871,666
1994 $301,375,055,202 $195,990,986
1993 $272,237,527,071 $138,489,884
1992 $279,921,425,828 $137,066,291
1991 $268,901,693,863 $132,201,141
1990 $265,763,573,999 $113,563,822
1989 $208,105,846,934 $106,344,855
1988 $215,540,625,299 $106,657,267
1987 $199,236,370,038 $81,667,133
1986 $159,089,921,063 $68,195,856
1985 $110,980,314,192 $60,058,663
1984 $109,455,312,168 $64,248,355
1983 $114,634,358,535 $60,863,964
1982 $115,043,365,512 $62,068,161
1981 $112,244,805,519 $62,242,013
1980 $122,557,843,886 $53,260,077
1979 $114,970,094,425 $44,667,002
1978 $102,280,472,036 $41,567,472
1977 $73,135,771,167 $34,139,388
1976 $68,476,524,644 $30,036,417
1975 $65,466,081,819 $32,506,742
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/switzerland/tonga | CC BY

GDP per capita in Switzerland vs Tonga by year

Switzerland
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Switzerland Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $103,998 $96,498 - -
2023 $100,624 $95,142 $5,652 $7,803
2022 $94,395 $94,421 $5,298 $7,296
2021 $93,665 $81,001 $4,923 $6,929
2020 $85,898 $72,998 $4,792 $6,676
2019 $84,122 $73,732 $4,789 $6,473
2018 $85,217 $70,689 $4,675 $6,393
2017 $82,254 $68,194 $4,366 $6,229
2016 $82,153 $67,351 $3,988 $5,920
2015 $83,806 $65,265 $4,124 $5,472
2014 $88,725 $63,417 $4,137 $5,336
2013 $87,304 $61,656 $4,219 $5,120
2012 $85,836 $59,441 $4,384 $4,996
2011 $90,477 $57,494 $3,850 $4,855
2010 $76,531 $54,426 $3,416 $4,465
2009 $71,568 $52,999 $2,914 $4,384
2008 $74,175 $53,809 $3,218 $4,600
2007 $64,989 $50,928 $2,797 $4,316
2006 $59,011 $46,266 $2,750 $4,327
2005 $56,243 $41,525 $2,478 $4,315
2004 $54,659 $40,171 $2,195 $4,235
2003 $49,336 $38,732 $1,936 $4,231
2002 $42,459 $38,705 $1,759 $4,171
2001 $39,639 $37,819 $1,754 $3,955
2000 $38,865 $36,703 $1,995 $3,834
1999 $41,696 $34,743 $1,952 $3,636
1998 $42,681 $33,860 $1,889 $3,527
1997 $41,584 $32,736 $2,136 $3,434
1996 $48,093 $31,509 $2,215 $3,410
1995 $50,114 $30,842 $2,084 $3,347
1994 $43,092 $30,265 $1,957 $3,088
1993 $39,237 $29,495 $1,383 $2,882
1992 $40,714 $29,113 $1,370 $2,716
1991 $39,544 $28,792 $1,323 $2,652
1990 $39,575 $28,461 $1,139 $2,416
1989 $31,309 - $1,070 -
1988 $32,690 - $1,078 -
1987 $30,441 - $830 -
1986 $24,460 - $696 -
1985 $17,152 - $613 -
1984 $16,991 - $656 -
1983 $17,859 - $621 -
1982 $18,000 - $633 -
1981 $17,665 - $636 -
1980 $19,394 - $545 -
1979 $18,266 - $458 -
1978 $16,282 - $428 -
1977 $11,644 - $353 -
1976 $10,865 - $315 -
1975 $10,328 - $349 -
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/tonga | CC BY

Switzerland's GDP per capita is $103,998, ranking 5/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $96,498, while Tonga ranks 144th at $7,803.

Economic indicators

Switzerland Tonga
Gross domestic product
$937B
2024
$591M
2023
GDP rank
20/197
2024
191/197
2023
GDP growth
1.3%
2023-2024
2.79%
2022-2023
GDP per capita
$103,998
2024
$5,652
2023
GDP per capita rank
5/197
2024
115/197
2023
GDP per capita, PPP
$96,498
2024
$7,803
2023
GDP per capita PPP rank
8/197
2024
144/197
2023
Government debt
$351B
2024
$256M
2023
Debt-to-GDP ratio
37.5%
2024
37%
2024
Government debt per person
$39,021
2024
$2,445
2023
Government debt per person rank
15/185
2024
111/185
2023
Average annual personal income after taxes
$85,867
2026
$3,886
2026
Market capitalization of domestic companies
$1.97T
2024
n/a
Number of millionaires
1,119,000
2025
n/a
Number of billionaires
42
2025
n/a
Income share by richest 10%
26.6%
2022
22%
2021
Income share by poorest 10%
2.9%
2022
4%
2021
Government expenditure, % of GDP
31.9%
2024
51.3%
2024
Consumer prices inflation
1.06%
2023-2024
3.18%
2023-2024
Central bank interest rate
0%
2025
n/a
Unemployment rate
4.34%
2024
1.65%
2023
Population
9107866
103309

Spending and national debt comparison by year

Switzerland
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Switzerland Tonga
Government spending Government debt Government spending Government debt
2024 31.9% 37.5% 51.3% 37%
2023 32.1% 38.7% 48.2% 43.3%
2022 31.6% 37.2% 44.4% 43.2%
2021 34.4% 41% 44.6% 43%
2020 37% 43.2% 37.9% 42.6%
2019 32% 39.6% 39.9% 42.8%
2018 31.7% 39.8% 39.6% 45.8%
2017 32.4% 41.8% 39.7% 44.7%
2016 32.4% 40.9% 37.2% 49.4%
2015 32.5% 42.2% 37.4% 51.1%
2014 32.2% 42.1% 31.5% 47.4%
2013 32.5% 41.9% 34.3% 48.9%
2012 31.7% 42.6% 32% 60%
2011 31.4% 41.9% 32.6% 51.9%
2010 31.4% 41.5% 28.4% 44.7%
2009 31.8% 43.1% 23.9% 39.7%
2008 30% 44.8% 24% 34%
2007 29.4% 44.8% 23.2% 37.8%
2006 30.5% 48.5% 25.6% 39.6%
2005 32.4% 54.9% 19.8% 43.3%
2004 33.1% 57.8% 19.3% 52.2%
2003 33.2% 56.9% 20% 56.2%
2002 34.1% 57.7% 21.3% 60.7%
2001 31.6% 51.1% 19.1% 53.4%
2000 32.2% 52.2% 20% 43.6%
1999 33.2% 52.7% 18.8% 38.4%
1998 32.7% 55.9% - -
1997 32.9% 53.7% - -
1996 33% 51.3% - -
1995 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/switzerland/tonga | CC BY

In 2024, Switzerland's government spending was $299B, accounting for 31.9% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 37.5% in Switzerland and 37% in Tonga, ranking 141/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Switzerland

Tonga
1x
Year Deficit/surplus, % of GDP
Switzerland Tonga
2024 0.58% 4.17%
2023 0.12% 6.14%
2022 1.19% -0.1%
2021 -0.29% -0.87%
2020 -3.01% 5.25%
2019 1.34% 3.28%
2018 1.29% 2.92%
2017 1.13% 3.58%
2016 0.24% 1.47%
2015 0.55% -2.75%
2014 -0.25% 6.38%
2013 -0.43% -1.3%
2012 0.24% -1.74%
2011 0.68% -6.02%
2010 0.35% -1.22%
2009 0.5% 6.85%
2008 1.93% 2.14%
2007 1.57% 5.39%
2006 0.85% 1.34%
2005 -0.65% 4.23%
2004 -1.39% 4.23%
2003 -1.36% 2.37%
2002 -1.75% 2.59%
2001 0.21% 2.23%
2000 0.28% 1.35%
1999 -1.57% 1.55%
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/switzerland/tonga | CC BY

In 2023, Switzerland's government surplus, the difference between spending and revenue, was $1.09B, equivalent to 0.12% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Switzerland recorded a fiscal deficit in 9 of those years, while Tonga ran a deficit in 7 years. On average, Switzerland posted an annual surplus equal to 0.07% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Switzerland

Tonga
1x
Year Consumer prices inflation
Switzerland Tonga
2024 1.06% 3.18%
2023 2.14% 6.35%
2022 2.84% 11%
2021 0.58% 5.64%
2020 -0.73% -0.35%
2019 0.36% 1.18%
2018 0.94% 5.03%
2017 0.53% 7.52%
2016 -0.43% 2.58%
2015 -1.14% -1.05%
2014 -0.01% 2.51%
2013 -0.22% 0.78%
2012 -0.69% 1.15%
2011 0.23% 6.27%
2010 0.69% 3.53%
2009 -0.48% 1.43%
2008 2.43% 10.4%
2007 0.73% 5.84%
2006 1.06% 6.15%
2005 1.17% 8.67%
2004 0.8% 11%
2003 0.64% 11.6%
2002 0.64% 10.4%
2001 0.99% 8.29%
2000 1.56% 6.33%
1999 0.81% 4.46%
1998 0.02% 3.27%
1997 0.52% 2.12%

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

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

Over the past 28 years, Switzerland has recorded an average annual inflation rate of 0.61%, compared with 5.19% in Tonga. In 2024, inflation was 1.06% in Switzerland and 3.18% in Tonga.

Top exports between countries

Switzerland
Export category Export value
Chemicals & pharma $18K
Raw materials & minerals $15K
Machinery & equipment $14K
Tonga
Export category Export value

Balance of trade

Switzerland Tonga
Current account balance
$72B
2024
-$43.5M
2024
Current account balance ranking
10/190
2024
83/190
2024
Current account balance, % of GDP
+7.69%
2024
-7.93%
2023
Goods imports
$371B
2024
$232M
2024
Goods exports
$502B
2024
$10.8M
2024
Service imports
$203B
2024
$161M
2024
Service exports
$186B
2024
$93.6M
2024
Imports of goods and services, % of GDP
61.9%
2024
64.9%
2023
Exports of goods and services, % of GDP
72.2%
2024
14.7%
2023

Economic freedom indices

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

Switzerland Tonga
Economic freedom 83.7 58.9
Economic freedom ranking 2/197 107/197
Property rights 94.4 71.1
Government integrity 93.3 45.1
Judicial effectiveness 98.3 64.9
Tax burden 70.9 85.6
Government spending 69.5 31
Fiscal health 97.2 97.3
Business freedom 86.3 59.2
Labor freedom 60 55.9
Monetary freedom 82.3 61
Trade freedom 87 75.4
Investment freedom 85 40
Financial freedom 80 20

Economic freedom comparison by year

Switzerland
Tonga
1x
Year Economic freedom index
Switzerland Tonga
2026 83.7 58.9
2025 83.7 58.5
2024 83 59.2
2023 83.8 60
2022 84.2 60.8
2021 81.9 57.5
2020 82 58.8
2019 81.9 57.7
2018 81.7 63.1
2017 81.5 63
2016 81 59.6
2015 80.5 59.3
2014 81.6 58.2
2013 81 56
2012 81.1 57
2011 81.9 55.8
2010 81.1 53.4
2009 79.4 54.1
2008 79.5 -
2007 78 -
2006 78.9 -
2005 79.3 -
2004 79.5 -
2003 79 -
2002 79.3 -
2001 76 -
2000 76.8 -
1999 79.1 -
1998 79 -
1997 78.6 -
1996 76.8 -

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

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

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Switzerland Tonga
Services, % of GDP
72%
2024
50%
2023
Industry, % of GDP
24.7%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
0.63%
2024
19%
2023
GNI, Atlas method
$857B
2024
$619M
2023
GNI per capita, PPP
$93,420
2024
$8,400
2023
Total reserves including gold
$909B
2024
$377M
2024
Total reserves ranking
4/177
2024
163/177
2024
Net foreign direct investment
$59.7B
2024
$13.3M
2024
Net inflows of foreign direct investment
-$108B
2024
-$12.1M
2024
Net outflows of foreign direct investment
-$27.9B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
15.8%
2021
20.6%
2021
Gross capital formation, % of GDP
27%
2024
25.9%
2023

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/tonga | 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 (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2022, 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.