Switzerland: Government debt

* indicates monthly or quarterly data series
 Switzerland

Government debt as percent of GDP

 Latest value 36.6
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 45.78
 Min - Max 35.08 - 57.59
 Source Swiss National Bank
For that indicator, we provide data for Switzerland from 1991 to 2023. The average value for Switzerland during that period was 45.78 percent with a minimum of 35.08 percent in 1991 and a maximum of 57.59 percent in 2002. The latest value from 2023 is 36.6 percent. For comparison, the world average in 2023 based on 28 countries is 71.87 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Switzerland - Government debt - recent values

Historical chart
Switzerland - Government debt - historical chart - 1991-2023




The government debt in Switzerland and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 11.37 2022 percent
 Government spending, in dollars 93.08 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 0.94 2022 percent
 Government debt 36.60 2023 percent
 Government expenditure 22.66 Q3/2023 billion
 Long-term government bond yield 1.09 9/2023 percent
 Tax revenue 10.09 2021 percent
 Commercial tax rate 28.80 2019 percent
 Tax preparation time 63 2019 hours
 Number of taxes 19 2019 taxes
 Taxes on goods and services 27.56 2021 percent
 Taxes on international trade 0.92 2021 percent
 Income and profits taxes 25.71 2021 percent
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