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Economy of Switzerland vs Zambia compared: GDP & Debt

Updated on by Georank

Switzerland has a GDP of $1.04T compared to $28.9B for Zambia, ranking 20/197 and 116/197 by economy size, respectively.

Switzerland has $411B in government debt (39.4% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Switzerland vs Zambia GDP by year

Switzerland
Zambia
1x
Year GDP, current $
Switzerland Zambia
2025 $1,043,529,899,251 $28,879,806,220
2024 $969,919,786,395 $25,303,185,342
2023 $928,435,275,852 $27,577,956,471
2022 $858,479,038,994 $29,163,782,140
2021 $840,710,023,481 $22,096,416,932
2020 $756,096,180,222 $18,137,764,931
2019 $736,384,764,157 $23,308,667,781
2018 $740,766,531,454 $26,311,507,274
2017 $706,660,443,624 $25,873,601,261
2016 $698,607,778,795 $20,958,412,538
2015 $706,199,008,879 $21,251,216,799
2014 $741,168,119,617 $27,141,023,558
2013 $718,748,402,260 $28,037,239,463
2012 $697,882,536,677 $25,503,060,420
2011 $727,231,637,102 $23,459,515,276
2010 $609,999,593,542 $20,265,559,484
2009 $563,659,557,945 $15,328,342,304
2008 $574,703,945,157 $17,910,858,638
2007 $498,993,845,385 $14,056,957,976
2006 $448,364,681,767 $12,756,858,899
2005 $424,511,048,024 $8,331,870,169
2004 $409,012,909,530 $6,221,110,219
2003 $366,563,952,625 $4,901,869,764
2002 $313,930,961,761 $4,193,850,445
2001 $290,160,142,214 $4,094,441,301
2000 $282,327,351,966 $3,600,632,111
1999 $301,911,268,140 $3,404,284,891
1998 $306,907,741,068 $3,537,741,942
1997 $298,868,250,534 $4,303,288,480
1996 $345,373,647,249 $3,597,220,962
1995 $358,152,520,085 $3,806,983,413
1994 $305,916,331,798 $3,656,806,166
1993 $276,339,744,180 $3,273,505,344
1992 $284,139,428,246 $3,182,810,841
1991 $272,953,645,746 $3,376,806,697
1990 $269,768,238,555 $3,288,381,797
1989 $211,241,694,480 $3,994,673,161
1988 $218,788,504,066 $3,728,878,149
1987 $202,238,567,597 $2,265,250,972
1986 $161,487,171,049 $1,664,413,508
1985 $112,652,623,418 $2,252,454,500
1984 $111,104,641,869 $2,719,518,933
1983 $116,361,728,836 $3,321,048,451
1982 $116,776,899,473 $3,871,117,093
1981 $113,936,168,924 $4,008,126,497
1980 $124,404,609,417 $3,884,530,854
1979 $116,702,524,208 $3,353,445,378
1978 $103,821,687,919 $2,811,032,473
1977 $74,237,819,014 $2,515,296,940
1976 $69,508,364,538 $2,742,859,263
1975 $66,452,559,176 $2,442,672,141
1974 $57,963,469,607 $2,910,981,262
1973 $50,296,651,921 $2,434,255,237
1972 $37,399,508,287 $1,872,416,680
1971 $30,492,832,676 $1,653,259,341
1970 $25,374,750,743 $1,788,779,285
1969 $22,780,211,812 $1,926,399,230
1968 $21,024,203,656 $1,573,739,371
1967 $19,689,329,510 $1,340,639,464
1966 $18,290,928,227 $1,238,999,505
1965 $17,033,079,428 $1,061,199,576
1964 $16,071,715,835 $822,639,671
1963 $14,499,109,270 $704,339,719
1962 $13,185,384,691 $679,279,729
1961 $11,889,851,950 $682,359,727
1960 $10,569,129,806 $698,739,721

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Switzerland vs Zambia by year

Switzerland
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Switzerland Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $114,769 - $1,318 -
2024 $107,702 $96,498 $1,187 $4,215
2023 $104,450 $95,142 $1,331 $4,077
2022 $97,809 $94,421 $1,447 $3,841
2021 $96,583 $81,001 $1,127 $3,503
2020 $87,530 $72,998 $952 $3,157
2019 $85,873 $73,732 $1,259 $3,361
2018 $87,002 $70,689 $1,464 $3,442
2017 $83,610 $68,194 $1,483 $3,392
2016 $83,432 $67,351 $1,239 $3,313
2015 $85,265 $65,265 $1,296 $3,337
2014 $90,512 $63,417 $1,707 $3,441
2013 $88,851 $61,656 $1,821 $3,477
2012 $87,270 $59,441 $1,710 $3,324
2011 $91,910 $57,494 $1,625 $3,228
2010 $77,956 $54,426 $1,451 $3,098
2009 $72,788 $52,999 $1,136 $2,872
2008 $75,148 $53,809 $1,376 $2,708
2007 $66,082 $50,928 $1,119 $2,555
2006 $59,910 $46,266 $1,052 $2,378
2005 $57,080 $41,525 $711 $2,213
2004 $55,350 $40,171 $549 $2,068
2003 $49,947 $38,732 $446 $1,942
2002 $43,094 $38,705 $394 $1,837
2001 $40,134 $37,819 $397 $1,785
2000 $39,298 $36,703 $359 $1,709
1999 $42,261 $34,743 $350 $1,654
1998 $43,166 $33,860 $373 $1,601
1997 $42,160 $32,736 $466 $1,631
1996 $48,838 $31,509 $400 $1,585
1995 $50,869 $30,842 $433 $1,501
1994 $43,741 $30,265 $426 $1,464
1993 $39,828 $29,495 $391 $1,607
1992 $41,327 $29,113 $389 $1,505
1991 $40,140 $28,792 $423 $1,534
1990 $40,171 $28,461 $422 $1,522
1989 $31,780 - $526 -
1988 $33,183 - $504 -
1987 $30,899 - $315 -
1986 $24,828 - $238.2 -
1985 $17,411 - $332 -
1984 $17,247 - $413 -
1983 $18,128 - $520 -
1982 $18,271 - $627 -
1981 $17,931 - $670 -
1980 $19,686 - $669 -
1979 $18,541 - $595 -
1978 $16,528 - $514 -
1977 $11,819 - $474 -
1976 $11,029 - $533 -
1975 $10,484 - $490 -
1974 $9,140 - $601 -
1973 $7,974 - $518 -
1972 $5,973 - $410 -
1971 $4,908 - $372 -
1970 $4,105 - $414 -
1969 $3,712 - $459 -
1968 $3,465 - $387 -
1967 $3,286 - $341 -
1966 $3,091 - $325 -
1965 $2,908 - $287.4 -
1964 $2,776 - $230 -
1963 $2,546 - $203.2 -
1962 $2,366 - $202.3 -
1961 $2,188 - $209.7 -
1960 $1,984 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Switzerland's GDP per capita is $114,769, ranking 5/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $96,498, while Zambia ranks 166th at $4,215.

Economic indicators

Switzerland Zambia
Gross domestic product
$1.04T
2025
$28.9B
2025
GDP rank
20/197
2025
116/197
2025
GDP growth
1.3%
2024-2025
3.76%
2024-2025
GDP per capita
$114,769
2025
$1,318
2025
GDP per capita rank
5/197
2025
170/197
2025
GDP per capita, PPP
$96,498
2024
$4,215
2024
GDP per capita PPP rank
8/197
2024
166/197
2024
Government debt
$411B
2025
$24.8B
2025
Debt-to-GDP ratio
39.4%
2025
86%
2025
Government debt per person
$45,239
2025
$1,133
2025
Government debt per person rank
12/185
2025
140/185
2025
Average annual personal income after taxes
$89,347
2026
$1,538
2026
Market capitalization of domestic companies
$2.51T
2025
$14.9B
2025
Number of millionaires
944,000
2026
n/a
Number of billionaires
45
2026
n/a
Income share by richest 10%
26.6%
2022
39.1%
2022
Income share by poorest 10%
2.9%
2022
1.5%
2022
Government expenditure, % of GDP
31.2%
2025
29.7%
2025
Consumer prices inflation
0.15%
2024-2025
13.9%
2024-2025
Central bank interest rate
0%
2025
13.3%
2026
Unemployment rate
4.84%
2025
5.67%
2024
Population
9155878
22844606

Spending and national debt comparison by year

Switzerland
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Switzerland Zambia
Government spending Government debt Government spending Government debt
2025 31.2% 39.4% 29.7% 86%
2024 31.3% 40.5% 26.5% 125.2%
2023 30.9% 37.3% 27.4% 129.1%
2022 30.5% 35.9% 28.2% 99.5%
2021 33.4% 39.7% 30.5% 111%
2020 36.3% 42.4% 34% 140%
2019 31.3% 38.8% 29.8% 103.3%
2018 31.1% 39% 27.7% 81.2%
2017 31.9% 41.1% 25% 66.6%
2016 31.9% 40.3% 23.9% 61.2%
2015 31.9% 41.4% 27.6% 61.9%
2014 31.5% 41.2% 24.3% 33.9%
2013 32% 41.2% 24% 25.9%
2012 31.1% 41.9% 21.9% 24.9%
2011 31% 41.2% 19.5% 20.8%
2010 30.9% 40.7% 18.1% 18.9%
2009 31.2% 42.4% 17.8% 20.5%
2008 29.6% 44.2% 19.5% 19.2%
2007 29% 44% 19.9% 21.9%
2006 30.1% 47.7% 19.7% 25%
2005 31.9% 54.1% 22.5% 75.7%
2004 32.6% 57.1% 23.3% 129.9%
2003 32.8% 56.2% 27.3% 159.5%
2002 33.6% 56.9% 27.6% 180.2%
2001 31.2% 50.5% 28% 210.2%
2000 31.9% 51.7% 21.4% 261%
1999 32.8% 52% - -
1998 32.3% 55.3% - -
1997 32.5% 52.9% - -
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/zambia | CC BY

In 2025, Switzerland's government spending was $326B, accounting for 31.2% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 39.4% in Switzerland and 86% in Zambia, ranking 136/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Switzerland

Zambia
1x
Year Deficit/surplus, % of GDP
Switzerland Zambia
2025 0.45% -3.83%
2024 0.53% -3.46%
2023 0.12% -5.48%
2022 1.15% -7.82%
2021 -0.28% -8.13%
2020 -2.96% -13.8%
2019 1.31% -9.41%
2018 1.26% -8.31%
2017 1.11% -7.5%
2016 0.23% -5.69%
2015 0.54% -8.88%
2014 -0.24% -5.43%
2013 -0.42% -6.4%
2012 0.23% -3.16%
2011 0.67% -1.78%
2010 0.35% -2.43%
2009 0.49% -2.06%
2008 1.91% -0.67%
2007 1.55% -1.04%
2006 0.83% 16.9%
2005 -0.64% -2.37%
2004 -1.37% -2.51%
2003 -1.34% -5.31%
2002 -1.72% -4.5%
2001 0.2% -5.89%
2000 0.28% 1.16%
1999 -1.55% -
1998 -1.29% -
1997 -2.3% -
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/zambia | 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 Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 26 years, Switzerland recorded a fiscal deficit in 8 of those years, while Zambia ran a deficit in 24 years. On average, Switzerland posted an annual surplus equal to 0.16% of GDP, compared to deficit of 4.14% of GDP for Zambia.

Inflation comparison by year

Inflation
Switzerland

Zambia
1x
Year Consumer prices inflation
Switzerland Zambia
2025 0.15% 13.9%
2024 1.06% 15%
2023 2.14% 10.9%
2022 2.84% 11%
2021 0.58% 22%
2020 -0.73% 15.7%
2019 0.36% 9.2%
2018 0.94% 7.5%
2017 0.53% 6.6%
2016 -0.43% 17.9%
2015 -1.14% 10.1%
2014 -0.01% 7.8%
2013 -0.22% 7%
2012 -0.69% 6.6%
2011 0.23% 8.7%
2010 0.69% 8.5%
2009 -0.48% 13.4%
2008 2.43% 12.4%
2007 0.73% 10.7%
2006 1.06% 9%
2005 1.17% 18.3%
2004 0.8% 18%
2003 0.64% 21.4%
2002 0.64% 22.2%
2001 0.99% 21.4%
2000 1.56% 24.1%
1999 0.81% 23.9%
1998 0.02% 22.7%
1997 0.52% 21.4%

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/zambia | CC BY

Over the past 29 years, Switzerland has recorded an average annual inflation rate of 0.59%, compared with 14.4% in Zambia. In 2025, inflation was 0.15% in Switzerland and 13.9% in Zambia.

Top exports between countries

Switzerland
Export category Export value
Machinery & equipment $6.71M
Chemicals & pharma $870K
Textiles & consumer goods $134K
Metals $96K
Raw materials & minerals $39K
Wood & paper products $20K
Precious metals & jewellery $13K
Raw agricultural goods $6K
Miscellaneous $5K
Processed food, beverages & tobacco $1K
Zambia
Export category Export value
Metals $1.9B
Raw materials & minerals $246M
Processed food, beverages & tobacco $52M
Raw agricultural goods $3.91M
Textiles & consumer goods $1.91M
Wood & paper products $1.5M
Precious metals & jewellery $34K
Miscellaneous $8K
Machinery & equipment $7K

Balance of trade

Switzerland Zambia
Current account balance
$72.9B
2025
-$1.12B
2024
Current account balance ranking
11/190
2025
121/190
2024
Current account balance, % of GDP
+6.98%
2025
-4.41%
2024
Goods imports
$508B
2025
$10.1B
2024
Goods exports
$617B
2025
$11.4B
2024
Service imports
$214B
2025
$1.99B
2024
Service exports
$195B
2025
$1.38B
2024
Imports of goods and services, % of GDP
69.1%
2025
27.6%
2024
Exports of goods and services, % of GDP
78.1%
2025
35%
2024

Economic freedom indices

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

Switzerland Zambia
Economic freedom 83.7 51.9
Economic freedom ranking 2/197 152/197
Property rights 94.4 43.9
Government integrity 93.3 39.3
Judicial effectiveness 98.3 45
Tax burden 70.9 74.3
Government spending 69.5 78.1
Fiscal health 97.2 30.9
Business freedom 86.3 53.4
Labor freedom 60 48.8
Monetary freedom 82.3 66.6
Trade freedom 87 62.8
Investment freedom 85 40
Financial freedom 80 40

Economic freedom comparison by year

Switzerland
Zambia
1x
Year Economic freedom index
Switzerland Zambia
2026 83.7 51.9
2025 83.7 50.9
2024 83 48.4
2023 83.8 47.8
2022 84.2 48.7
2021 81.9 50.4
2020 82 53.5
2019 81.9 53.6
2018 81.7 54.3
2017 81.5 55.8
2016 81 58.8
2015 80.5 58.7
2014 81.6 60.4
2013 81 58.7
2012 81.1 58.3
2011 81.9 59.7
2010 81.1 58
2009 79.4 56.6
2008 79.5 56.2
2007 78 56.2
2006 78.9 56.8
2005 79.3 55
2004 79.5 54.9
2003 79 55.3
2002 79.3 59.6
2001 76 59.5
2000 76.8 62.8
1999 79.1 64.2
1998 79 62.7
1997 78.6 62.1
1996 76.8 59.6
1995 - 55.1

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

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

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Switzerland Zambia
Services, % of GDP
71.7%
2025
57%
2025
Industry, % of GDP
25%
2025
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.64%
2025
4.11%
2025
GNI, Atlas method
$1T
2025
$26.2B
2025
GNI per capita, PPP
$101,690
2025
$3,990
2025
Total reserves including gold
$1.08T
2025
$4.09B
2024
Total reserves ranking
4/177
2025
111/177
2024
Net foreign direct investment
$37.6B
2025
-$2.05B
2024
Net inflows of foreign direct investment
-$108B
2024
$2.36B
2024
Net outflows of foreign direct investment
-$27.9B
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
15.8%
2021
60%
2022
Gross capital formation, % of GDP
29.5%
2025
23.8%
2024

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/zambia | 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 (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.