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Economy of Switzerland vs Ukraine compared: GDP & Debt

Updated on by Georank

Switzerland has a GDP of $1.04T compared to $214B for Ukraine, ranking 20/197 and 57/197 by economy size, respectively.

Switzerland has $411B in government debt (39.4% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Switzerland vs Ukraine GDP by year

Switzerland
Ukraine
1x
Year GDP, current $
Switzerland Ukraine
2025 $1,043,529,899,251 $214,233,312,784
2024 $969,919,786,395 $190,833,835,445
2023 $928,435,275,852 $181,221,517,869
2022 $858,479,038,994 $161,989,520,721
2021 $840,710,023,481 $199,765,859,571
2020 $756,096,180,222 $156,617,722,013
2019 $736,384,764,157 $153,883,047,510
2018 $740,766,531,454 $130,891,088,294
2017 $706,660,443,624 $112,090,505,082
2016 $698,607,778,795 $93,355,869,404
2015 $706,199,008,879 $91,030,967,789
2014 $741,168,119,617 $133,503,871,862
2013 $718,748,402,260 $190,498,811,460
2012 $697,882,536,677 $182,591,753,828
2011 $727,231,637,102 $169,333,835,202
2010 $609,999,593,542 $141,209,170,427
2009 $563,659,557,945 $121,552,153,444
2008 $574,703,945,157 $188,110,390,660
2007 $498,993,845,385 $148,733,861,386
2006 $448,364,681,767 $111,884,752,475
2005 $424,511,048,024 $89,238,865,119
2004 $409,012,909,530 $67,220,154,164
2003 $366,563,952,625 $52,010,355,753
2002 $313,930,961,761 $43,956,163,612
2001 $290,160,142,214 $39,309,580,983
2000 $282,327,351,966 $32,375,083,935
1999 $301,911,268,140 $31,580,639,554
1998 $306,907,741,068 $41,882,523,345
1997 $298,868,250,534 $50,151,531,592
1996 $345,373,647,249 $44,558,831,005
1995 $358,152,520,085 $48,213,856,469
1994 $305,916,331,798 $52,549,580,265
1993 $276,339,744,180 $65,648,559,903
1992 $284,139,428,246 $73,945,908,384
1991 $272,953,645,746 $77,350,733,982
1990 $269,768,238,555 $81,393,558,423
1989 $211,241,694,480 $82,709,161,099
1988 $218,788,504,066 $74,703,517,903
1987 $202,238,567,597 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Switzerland vs Ukraine by year

Switzerland
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Switzerland Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $114,769 - $5,496 -
2024 $107,702 $96,498 $5,040 $18,549
2023 $104,450 $95,142 $4,803 $17,665
2022 $97,809 $94,421 $3,946 $14,770
2021 $96,583 $81,001 $4,510 $17,846
2020 $87,530 $72,998 $3,505 $15,541
2019 $85,873 $73,732 $3,423 $14,217
2018 $87,002 $70,689 $2,895 $12,555
2017 $83,610 $68,194 $2,467 $11,536
2016 $83,432 $67,351 $2,047 $10,865
2015 $85,265 $65,265 $1,988 $9,922
2014 $90,512 $63,417 $2,904 $10,494
2013 $88,851 $61,656 $4,130 $10,904
2012 $87,270 $59,441 $3,951 $9,552
2011 $91,910 $57,494 $3,657 $9,127
2010 $77,956 $54,426 $3,040 $8,453
2009 $72,788 $52,999 $2,607 $7,995
2008 $75,148 $53,809 $4,018 $9,324
2007 $66,082 $50,928 $3,160 $8,900
2006 $59,910 $46,266 $2,366 $7,971
2005 $57,080 $41,525 $1,875 $7,142
2004 $55,350 $40,171 $1,401 $6,663
2003 $49,947 $38,732 $1,076 $5,764
2002 $43,094 $38,705 $903 $5,123
2001 $40,134 $37,819 $800 $4,747
2000 $39,298 $36,703 $653 $4,228
1999 $42,261 $34,743 $632 $3,871
1998 $43,166 $33,860 $831 $3,794
1997 $42,160 $32,736 $987 $3,794
1996 $48,838 $31,509 $870 $3,812
1995 $50,869 $30,842 $933 $4,124
1994 $43,741 $30,265 $1,009 $4,565
1993 $39,828 $29,495 $1,254 $5,766
1992 $41,327 $29,113 $1,413 $6,568
1991 $40,140 $28,792 $1,483 $7,148
1990 $40,171 $28,461 $1,564 $7,591
1989 $31,780 - $1,593 -
1988 $33,183 - $1,444 -
1987 $30,899 - $1,244 -
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/ukraine | CC BY

Switzerland's GDP per capita is $114,769, ranking 5/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $96,498, while Ukraine ranks 101st at $18,549.

Economic indicators

Switzerland Ukraine
Gross domestic product
$1.04T
2025
$214B
2025
GDP rank
20/197
2025
57/197
2025
GDP growth
1.3%
2024-2025
1.82%
2024-2025
GDP per capita
$114,769
2025
$5,496
2025
GDP per capita rank
5/197
2025
118/197
2025
GDP per capita, PPP
$96,498
2024
$18,549
2024
GDP per capita PPP rank
8/197
2024
101/197
2024
Government debt
$411B
2025
$233B
2025
Debt-to-GDP ratio
39.4%
2025
108.7%
2025
Government debt per person
$45,239
2025
$5,977
2025
Government debt per person rank
12/185
2025
76/185
2025
Average annual personal income after taxes
$89,347
2026
$5,580
2026
Market capitalization of domestic companies
$2.51T
2025
$4.42B
2018
Number of millionaires
944,000
2026
n/a
Number of billionaires
45
2026
7
2026
Income share by richest 10%
26.6%
2022
21.7%
2020
Income share by poorest 10%
2.9%
2022
4.3%
2020
Government expenditure, % of GDP
31.2%
2025
74.5%
2025
Consumer prices inflation
0.15%
2024-2025
12.7%
2024-2025
Central bank interest rate
0%
2025
15.5%
2025
Unemployment rate
4.84%
2025
9.83%
2021
Population
9155878
40408451

Spending and national debt comparison by year

Switzerland
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Switzerland Ukraine
Government spending Government debt Government spending Government debt
2025 31.2% 39.4% 74.5% 108.7%
2024 31.3% 40.5% 71.2% 89.7%
2023 30.9% 37.3% 73.4% 81.2%
2022 30.5% 35.9% 65.4% 77.7%
2021 33.4% 39.7% 40.5% 48.9%
2020 36.3% 42.4% 45.6% 60.5%
2019 31.3% 38.8% 41.5% 50.5%
2018 31.1% 39% 41.9% 60.4%
2017 31.9% 41.1% 41.7% 71.6%
2016 31.9% 40.3% 40.8% 79.5%
2015 31.9% 41.4% 43% 79.3%
2014 31.5% 41.2% 44.8% 70.3%
2013 32% 41.2% 46.3% 39%
2012 31.1% 41.9% 47.1% 36.1%
2011 31% 41.2% 44% 35.5%
2010 30.9% 40.7% 47.3% 39.1%
2009 31.2% 42.4% 46.8% 34.1%
2008 29.6% 44.2% 45.4% 19.7%
2007 29% 44% 42.1% 11.8%
2006 30.1% 47.7% 42.9% 14.3%
2005 31.9% 54.1% 42.6% 17.1%
2004 32.6% 57.1% 40.1% 23.9%
2003 32.8% 56.2% 37.5% 28.3%
2002 33.6% 56.9% 36.5% 32.3%
2001 31.2% 50.5% 35.3% 35.3%
2000 31.9% 51.7% 35.4% 43.7%
1999 32.8% 52% 26.7% 61%
1998 32.3% 55.3% 38.4% 48.1%
1997 32.5% 52.9% 42.2% 29.9%
1996 32.5% 50.6% 38.2% 24.4%
1995 32% 49.3% 42.7% 30.2%
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 (1960–1996, retrieved 2026-07-08).

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

In 2025, Switzerland's government spending was $326B, accounting for 31.2% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 39.4% in Switzerland and 108.7% in Ukraine, ranking 136/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Switzerland

Ukraine
1x
Year Deficit/surplus, % of GDP
Switzerland Ukraine
2025 0.45% -23.3%
2024 0.53% -17.2%
2023 0.12% -19.3%
2022 1.15% -15.6%
2021 -0.28% -3.97%
2020 -2.96% -5.92%
2019 1.31% -2.08%
2018 1.26% -2.12%
2017 1.11% -2.36%
2016 0.23% -2.46%
2015 0.54% -1.16%
2014 -0.24% -4.46%
2013 -0.42% -4.6%
2012 0.23% -4.15%
2011 0.67% -2.66%
2010 0.35% -5.56%
2009 0.49% -6.04%
2008 1.91% -3.02%
2007 1.55% -1.89%
2006 0.83% -1.31%
2005 -0.64% -2.19%
2004 -1.37% -4.25%
2003 -1.34% -0.86%
2002 -1.72% -1.77%
2001 0.2% -2.92%
2000 0.28% -3.18%
1999 -1.55% 5.12%
1998 -1.29% -2.78%
1997 -2.3% -5.56%
1996 -1.98% -3.2%
1995 -1.83% -4.88%
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/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Switzerland recorded a fiscal deficit in 13 of those years, while Ukraine ran a deficit in 30 years. On average, Switzerland posted an annual deficit equal to 0.15% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Switzerland

Ukraine
1x
Year Consumer prices inflation
Switzerland Ukraine
2025 0.15% 12.7%
2024 1.06% 6.5%
2023 2.14% 12.9%
2022 2.84% 20.2%
2021 0.58% 9.4%
2020 -0.73% 2.7%
2019 0.36% 7.9%
2018 0.94% 10.9%
2017 0.53% 14.4%
2016 -0.43% 13.9%
2015 -1.14% 48.7%
2014 -0.01% 12.1%
2013 -0.22% -0.3%
2012 -0.69% 0.6%
2011 0.23% 8%
2010 0.69% 9.4%
2009 -0.48% 15.9%
2008 2.43% 25.2%
2007 0.73% 12.8%
2006 1.06% 9.1%
2005 1.17% 13.5%
2004 0.8% 9%
2003 0.64% 5.2%
2002 0.64% 0.8%
2001 0.99% 12%
2000 1.56% 28.2%
1999 0.81% 22.7%
1998 0.02% 10.6%
1997 0.52% 15.9%

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/ukraine | CC BY

Over the past 29 years, Switzerland has recorded an average annual inflation rate of 0.59%, compared with 12.8% in Ukraine. In 2025, inflation was 0.15% in Switzerland and 12.7% in Ukraine.

Top exports between countries

Switzerland
Export category Export value
Chemicals & pharma $218M
Machinery & equipment $171M
Precious metals & jewellery $35.8M
Textiles & consumer goods $32.7M
Processed food, beverages & tobacco $21.7M
Raw materials & minerals $3.7M
Metals $3.48M
Miscellaneous $2.17M
Raw agricultural goods $1.77M
Wood & paper products $1.62M
Ukraine
Export category Export value
Manufacturing & construction services $544M
Transport & tourism services $269M
Business & finance services $197M
IT & IP services $180M
Precious metals & jewellery $26M
Processed food, beverages & tobacco $24.2M
Raw agricultural goods $13.8M
Textiles & consumer goods $13M
Wood & paper products $10.4M
Machinery & equipment $6.61M

Balance of trade

Switzerland Ukraine
Current account balance
$72.9B
2025
-$15.2B
2024
Current account balance ranking
11/190
2025
180/190
2024
Current account balance, % of GDP
+6.98%
2025
-7.96%
2024
Goods imports
$508B
2025
$72.3B
2024
Goods exports
$617B
2025
$39.3B
2024
Service imports
$214B
2025
$23.1B
2024
Service exports
$195B
2025
$17.3B
2024
Imports of goods and services, % of GDP
69.1%
2025
51.8%
2025
Exports of goods and services, % of GDP
78.1%
2025
25.3%
2025

Economic freedom indices

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

Switzerland Ukraine
Economic freedom 83.7 54.1
Economic freedom ranking 2/197 135/197
Property rights 94.4 21.6
Government integrity 93.3 35
Judicial effectiveness 98.3 28.2
Tax burden 70.9 83.7
Government spending 69.5 0
Fiscal health 97.2 3.9
Business freedom 86.3 57.4
Labor freedom 60 46.9
Monetary freedom 82.3 65.7
Trade freedom 87 73
Investment freedom 85 35
Financial freedom 80 30

Economic freedom comparison by year

Switzerland
Ukraine
1x
Year Economic freedom index
Switzerland Ukraine
2026 83.7 -
2025 83.7 -
2024 83 -
2023 83.8 -
2022 84.2 54.1
2021 81.9 56.2
2020 82 54.9
2019 81.9 52.3
2018 81.7 51.9
2017 81.5 48.1
2016 81 46.8
2015 80.5 46.9
2014 81.6 49.3
2013 81 46.3
2012 81.1 46.1
2011 81.9 45.8
2010 81.1 46.4
2009 79.4 48.8
2008 79.5 51
2007 78 51.5
2006 78.9 54.4
2005 79.3 55.8
2004 79.5 53.7
2003 79 51.1
2002 79.3 48.2
2001 76 48.5
2000 76.8 47.8
1999 79.1 43.7
1998 79 40.4
1997 78.6 43.5
1996 76.8 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Switzerland Ukraine
Services, % of GDP
71.7%
2025
61%
2025
Industry, % of GDP
25%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
0.64%
2025
7.57%
2025
GNI, Atlas method
$1T
2025
$201B
2025
GNI per capita, PPP
$101,690
2025
$18,750
2025
Total reserves including gold
$1.08T
2025
$57.3B
2025
Total reserves ranking
4/177
2025
43/177
2025
Net foreign direct investment
$37.6B
2025
-$3.71B
2024
Net inflows of foreign direct investment
-$108B
2024
$4.02B
2024
Net outflows of foreign direct investment
-$27.9B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.4%
2024
Poverty at national poverty lines
15.8%
2021
23.2%
2020
Gross capital formation, % of GDP
29.5%
2025
20.8%
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/switzerland/ukraine | 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 (1899–1996, 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 (2021–2025, 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.