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Economy of Switzerland vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Switzerland has a GDP of $1.04T compared to $49.8B for Turkmenistan, ranking 20/197 and 96/197 by economy size, respectively.

Switzerland has $411B in government debt (39.4% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Switzerland vs Turkmenistan GDP by year

Switzerland
Turkmenistan
1x
Year GDP, current $
Switzerland Turkmenistan
2025 $1,043,529,899,251 $49,828,621,356
2024 $969,919,786,395 $44,249,447,717
2023 $928,435,275,852 $39,020,211,240
2022 $858,479,038,994 $37,583,913,148
2021 $840,710,023,481 $26,334,182,094
2020 $756,096,180,222 $27,350,527,268
2019 $736,384,764,157 $29,700,000,000
2018 $740,766,531,454 $26,036,313,869
2017 $706,660,443,624 $33,352,261,307
2016 $698,607,778,795 $33,313,947,368
2015 $706,199,008,879 $35,799,714,286
2014 $741,168,119,617 $43,524,210,526
2013 $718,748,402,260 $39,197,543,860
2012 $697,882,536,677 $35,164,210,526
2011 $727,231,637,102 $29,233,333,333
2010 $609,999,593,542 $22,583,157,895
2009 $563,659,557,945 $20,214,385,965
2008 $574,703,945,157 $19,271,523,179
2007 $498,993,845,385 $12,664,165,103
2006 $448,364,681,767 $10,276,674,365
2005 $424,511,048,024 $8,103,901,996
2004 $409,012,909,530 $6,838,351,088
2003 $366,563,952,625 $5,977,440,583
2002 $313,930,961,761 $4,462,029,109
2001 $290,160,142,214 $3,534,772,732
2000 $282,327,351,966 $2,904,663,311
1999 $301,911,268,140 $2,450,564,100
1998 $306,907,741,068 $2,605,689,134
1997 $298,868,250,534 $2,450,350,625
1996 $345,373,647,249 $2,378,759,975
1995 $358,152,520,085 $2,482,228,440
1994 $305,916,331,798 $2,561,118,608
1993 $276,339,744,180 $3,179,225,949
1992 $284,139,428,246 $3,200,539,816
1991 $272,953,645,746 $3,208,098,919
1990 $269,768,238,555 $3,189,539,641
1989 $211,241,694,480 $3,006,988,217
1988 $218,788,504,066 $3,010,982,414
1987 $202,238,567,597 $2,331,358,820
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/switzerland/turkmenistan | CC BY

GDP per capita in Switzerland vs Turkmenistan by year

Switzerland
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Switzerland Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $114,769 - $6,540 -
2024 $107,702 $96,498 $5,904 $21,213
2023 $104,450 $95,142 $5,298 $19,829
2022 $97,809 $94,421 $5,198 $18,340
2021 $96,583 $81,001 $3,713 $16,434
2020 $87,530 $72,998 $3,935 $15,091
2019 $85,873 $73,732 $4,365 $15,478
2018 $87,002 $70,689 $3,912 $14,368
2017 $83,610 $68,194 $5,126 $13,278
2016 $83,432 $67,351 $5,238 $12,919
2015 $85,265 $65,265 $5,759 $12,715
2014 $90,512 $63,417 $7,164 $12,477
2013 $88,851 $61,656 $6,600 $11,723
2012 $87,270 $59,441 $6,054 $11,035
2011 $91,910 $57,494 $5,144 $10,283
2010 $77,956 $54,426 $4,059 $8,972
2009 $72,788 $52,999 $3,708 $8,285
2008 $75,148 $53,809 $3,606 $7,916
2007 $66,082 $50,928 $2,415 $6,901
2006 $59,910 $46,266 $1,997 $6,164
2005 $57,080 $41,525 $1,604 $5,489
2004 $55,350 $40,171 $1,379 $4,798
2003 $49,947 $38,732 $1,229 $4,536
2002 $43,094 $38,705 $936 $4,393
2001 $40,134 $37,819 $756 $4,401
2000 $39,298 $36,703 $634 $4,209
1999 $42,261 $34,743 $546 $3,981
1998 $43,166 $33,860 $591 $3,432
1997 $42,160 $32,736 $565 $3,222
1996 $48,838 $31,509 $558 $3,636
1995 $50,869 $30,842 $592 $3,405
1994 $43,741 $30,265 $622 $3,659
1993 $39,828 $29,495 $788 $4,422
1992 $41,327 $29,113 $811 $4,351
1991 $40,140 $28,792 $832 $5,117
1990 $40,171 $28,461 $848 $5,321
1989 $31,780 - $821 -
1988 $33,183 - $846 -
1987 $30,899 - $675 -
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/switzerland/turkmenistan | CC BY

Switzerland's GDP per capita is $114,769, ranking 5/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $96,498, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Switzerland Turkmenistan
Gross domestic product
$1.04T
2025
$49.8B
2025
GDP rank
20/197
2025
96/197
2025
GDP growth
1.3%
2024-2025
6.3%
2024-2025
GDP per capita
$114,769
2025
$6,540
2025
GDP per capita rank
5/197
2025
111/197
2025
GDP per capita, PPP
$96,498
2024
$21,213
2024
GDP per capita PPP rank
8/197
2024
94/197
2024
Government debt
$411B
2025
$1.87B
2025
Debt-to-GDP ratio
39.4%
2025
3.76%
2025
Government debt per person
$45,239
2025
$246
2025
Government debt per person rank
12/185
2025
180/185
2025
Average annual personal income after taxes
$89,347
2026
$2,520
2026
Market capitalization of domestic companies
$2.51T
2025
n/a
Number of millionaires
944,000
2026
n/a
Number of billionaires
45
2026
n/a
Income share by richest 10%
26.6%
2022
31.5%
1998
Income share by poorest 10%
2.9%
2022
2.4%
1998
Government expenditure, % of GDP
31.2%
2025
14.1%
2025
Consumer prices inflation
0.15%
2024-2025
2.7%
2024-2025
Central bank interest rate
0%
2025
n/a
Unemployment rate
4.84%
2025
4%
2010
Population
9155878
7800189

Spending and national debt comparison by year

Switzerland
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Switzerland Turkmenistan
Government spending Government debt Government spending Government debt
2025 31.2% 39.4% 14.1% 3.76%
2024 31.3% 40.5% 14.5% 4.11%
2023 30.9% 37.3% 13.7% 5.46%
2022 30.5% 35.9% 13% 7.14%
2021 33.4% 39.7% 13.4% 12.3%
2020 36.3% 42.4% 13.5% 15.4%
2019 31.3% 38.8% 13.6% 17.7%
2018 31.1% 39% 13.7% 22.5%
2017 31.9% 41.1% 17.8% 24.7%
2016 31.9% 40.3% 14.1% 21.1%
2015 31.9% 41.4% 17.3% 19%
2014 31.5% 41.2% 17% 16%
2013 32% 41.2% 16.9% 20.4%
2012 31.1% 41.9% 14.7% 17.9%
2011 31% 41.2% 15.4% 14.8%
2010 30.9% 40.7% 14.6% 7.04%
2009 31.2% 42.4% 14.4% 3.09%
2008 29.6% 44.2% 11.7% 3.56%
2007 29% 44% 14.4% 3.06%
2006 30.1% 47.7% 16% 4.23%
2005 31.9% 54.1% 21.1% 6.82%
2004 32.6% 57.1% 20.3% 11.4%
2003 32.8% 56.2% 20.8% 16.9%
2002 33.6% 56.9% 19.4% 24.2%
2001 31.2% 50.5% 22.6% 34.1%
2000 31.9% 51.7% 25.9% 55.1%
1999 32.8% 52% 20.8% 66.7%
1998 32.3% 55.3% 26.1% 81.6%
1997 32.5% 52.9% 26.9% 64.2%
1996 32.5% 50.6% - -
1995 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/switzerland/turkmenistan | CC BY

In 2025, Switzerland's government spending was $326B, accounting for 31.2% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 39.4% in Switzerland and 3.76% in Turkmenistan, ranking 136/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Switzerland

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Switzerland Turkmenistan
2025 0.45% 0.06%
2024 0.53% -0.08%
2023 0.12% 0.11%
2022 1.15% 3.38%
2021 -0.28% 0.57%
2020 -2.96% -0.16%
2019 1.31% -0.4%
2018 1.26% -0.22%
2017 1.11% -2.84%
2016 0.23% -2.38%
2015 0.54% -0.7%
2014 -0.24% 0.89%
2013 -0.42% 1.53%
2012 0.23% 7.53%
2011 0.67% 3.84%
2010 0.35% 2.13%
2009 0.49% 7.53%
2008 1.91% 10.7%
2007 1.55% 4.19%
2006 0.83% 5.64%
2005 -0.64% 0.86%
2004 -1.37% 1.47%
2003 -1.34% 3.99%
2002 -1.72% 0.19%
2001 0.2% 0.77%
2000 0.28% -0.55%
1999 -1.55% 2.48%
1998 -1.29% 1.15%
1997 -2.3% -0.2%
1996 -1.98% -
1995 -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/switzerland/turkmenistan | CC BY

In 2025, Switzerland's government surplus, the difference between spending and revenue, was $4.71B, equivalent to 0.45% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Switzerland recorded a fiscal deficit in 11 of those years, while Turkmenistan ran a deficit in 9 years. On average, Switzerland posted an annual deficit equal to 0.03% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Switzerland

Turkmenistan
1x
Year Consumer prices inflation
Switzerland Turkmenistan
2025 0.15% 2.7%
2024 1.06% 4.6%
2023 2.14% -1.6%
2022 2.84% 11.2%
2021 0.58% 19.5%
2020 -0.73% 6.1%
2019 0.36% 5.1%
2018 0.94% 13.3%
2017 0.53% 8%
2016 -0.43% 3.6%
2015 -1.14% 7.4%
2014 -0.01% 6%
2013 -0.22% 6.8%
2012 -0.69% 5.3%
2011 0.23% 5.3%
2010 0.69% 4.4%
2009 -0.48% -2.7%
2008 2.43% 14.5%
2007 0.73% 6.3%
2006 1.06% 8.2%
2005 1.17% 10.7%
2004 0.8% 5.9%
2003 0.64% 5.6%
2002 0.64% 8.8%
2001 0.99% 11.6%
2000 1.56% 8%
1999 0.81% 23.5%
1998 0.02% 16.8%
1997 0.52% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Switzerland has recorded an average annual inflation rate of 0.59%, compared with 10.6% in Turkmenistan. In 2025, inflation was 0.15% in Switzerland and 2.7% in Turkmenistan.

Top exports between countries

Switzerland
Export category Export value
Machinery & equipment $18.5M
Chemicals & pharma $15.7M
Precious metals & jewellery $1.61M
Textiles & consumer goods $663K
Metals $461K
Miscellaneous $229K
Raw materials & minerals $45K
Raw agricultural goods $40K
Wood & paper products $40K
Processed food, beverages & tobacco $17K
Turkmenistan
Export category Export value
Precious metals & jewellery $508K
Machinery & equipment $81K
Raw materials & minerals $15K
Textiles & consumer goods $4K
Metals $1K

Balance of trade

Switzerland Turkmenistan
Current account balance
$72.9B
2025
n/a
Current account balance ranking
11/190
2025
n/a
Current account balance, % of GDP
+6.98%
2025
n/a
Goods imports
$508B
2025
n/a
Goods exports
$617B
2025
n/a
Service imports
$214B
2025
n/a
Service exports
$195B
2025
n/a
Imports of goods and services, % of GDP
69.1%
2025
13.7%
2025
Exports of goods and services, % of GDP
78.1%
2025
14.5%
2025

Economic freedom indices

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

Switzerland Turkmenistan
Economic freedom 83.7 47
Economic freedom ranking 2/197 177/197
Property rights 94.4 17.4
Government integrity 93.3 8.4
Judicial effectiveness 98.3 12.3
Tax burden 70.9 94.2
Government spending 69.5 94.3
Fiscal health 97.2 99.9
Business freedom 86.3 37.5
Labor freedom 60 29.3
Monetary freedom 82.3 76.7
Trade freedom 87 74.2
Investment freedom 85 10
Financial freedom 80 10

Economic freedom comparison by year

Switzerland
Turkmenistan
1x
Year Economic freedom index
Switzerland Turkmenistan
2026 83.7 47
2025 83.7 47.1
2024 83 46.3
2023 83.8 46.5
2022 84.2 46.2
2021 81.9 47.4
2020 82 46.5
2019 81.9 48.4
2018 81.7 47.1
2017 81.5 47.4
2016 81 41.9
2015 80.5 41.4
2014 81.6 42.2
2013 81 42.6
2012 81.1 43.8
2011 81.9 43.6
2010 81.1 42.5
2009 79.4 44.2
2008 79.5 43.4
2007 78 43
2006 78.9 43.8
2005 79.3 47.6
2004 79.5 50.7
2003 79 51.3
2002 79.3 43.2
2001 76 41.8
2000 76.8 37.6
1999 79.1 36.1
1998 79 35
1997 78.6 -
1996 76.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Switzerland Turkmenistan
Services, % of GDP
71.7%
2025
48.9%
2025
Industry, % of GDP
25%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
0.64%
2025
12.4%
2025
GNI, Atlas method
$1T
2025
$48.3B
2025
GNI per capita, PPP
$101,690
2025
$22,830
2025
Total reserves including gold
$1.08T
2025
$1.51B
1999
Total reserves ranking
4/177
2025
135/177
1999
Net foreign direct investment
$37.6B
2025
n/a
Net inflows of foreign direct investment
-$108B
2024
$1.64B
2024
Net outflows of foreign direct investment
-$27.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines
15.8%
2021
0.2%
2020
Gross capital formation, % of GDP
29.5%
2025
47.2%
2012

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/switzerland/turkmenistan | 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 (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.