The Gross Domestic Product per capita in Switzerland was last recorded at 89555.56 US dollars in 2023. The GDP per Capita in Switzerland is equivalent to 709 percent of the world's average. This dataset provides the latest reported value for - Switzerland GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the gross domestic product (GDP) in Switzerland from 1987 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, GDP in Switzerland amounted to around 936.74 billion U.S. dollars. Economy and gross domestic product of Switzerland Switzerland’s gross domestic product has hardly been affected by the global economic crisis of 2008, if anything, figures have been increasing steadily. After a brief stint in the negative range in 2009, gross domestic product / GDP growth in Switzerland has been positive every year, with 2010 marking the most successful year since the crisis. Switzerland’s share in global GDP (adjusted for Purchasing Power Parity) however, has been declining continually for the past decade. All in all, Switzerland is a fairly wealthy country with a stable economy. This is reflected in its employment figures and national debt, as well as the abovementioned fact that Switzerland remained largely unaffected by the economic crisis. Additionally, Switzerland was first on a ranking of countries with the highest wealth per adult, with an average national wealth of more than 540 million US dollars per Swiss adult. Subsequently, Switzerland is also one of the leading countries with the highest rate of millionaires, which is probably due to Switzerland’s unequaled low tax rates. Switzerland’s economy is said to be highly competitive, its most important sector is manufacturing, with numerous large corporations being headquartered in the country. Main exports include chemicals, as well as precision watches and instruments.

Historical chart and dataset showing Switzerland GDP by year from 1960 to 2023.

The Gross Domestic Product (GDP) in Switzerland was worth 884.94 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Switzerland represents 0.84 percent of the world economy. This dataset provides the latest reported value for - Switzerland GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Historical chart and dataset showing Switzerland GDP per capita by year from 1960 to 2023.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.

Switzerland recorded a Government Debt to GDP of 37.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Switzerland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Switzerland was last recorded at 81683.87 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Switzerland, when adjusted by Purchasing Power Parity is equivalent to 460 percent of the world's average. This dataset provides the latest reported value for - Switzerland GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany’s GDP per capita stood at almost 54,989.76 U.S. dollars in 2024. Germany ranked among the top 20 countries worldwide with the highest GDP per capita in 2021 – Luxembourg, Ireland and Switzerland were ranked the top three nations. Rising annual income in Germany The average annual wage in Germany has increased by around 5,000 euros since 2000, reaching in excess of 39,000 euros in 2016. Germany had the tenth-highest average annual wage among selected European Union countries in 2017, ranking between France and the United Kingdom. Growing employment More than two thirds of the working population in Germany are employed in the service sector, which generated the greatest share of the country’s GDP in 2018. Unemployment in Germany soared to its highest level in decades in 2005, but the rate has since dropped to below 3.5 percent. The youth unemployment rate in Germany has more than halved since 2005 and currently stands around 6.5 percent.

With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

The average for 2015 based on 11 countries was 12.12 GDP per kg of oil equivalent. The highest value was in Switzerland: 22.05 GDP per kg of oil equivalent and the lowest value was in Canada: 5.85 GDP per kg of oil equivalent. The indicator is available from 1990 to 2015. Below is a chart for all countries where data are available.

In 1938, the year before the Second World War, the United States had, by far, the largest economy in the world in terms of gross domestic product (GDP). The five Allied Great Powers that emerged victorious from the war, along with the three Axis Tripartite Pact countries that were ultimately defeated made up the eight largest independent economies in 1938.

When values are converted into 1990 international dollars, the U.S. GDP was over 800 billion dollars in 1938, which was more than double that of the second largest economy, the Soviet Union. Even the combined economies of the UK, its dominions, and colonies had a value of just over 680 billion 1990 dollars, showing that the United States had established itself as the world's leading economy during the interwar period (despite the Great Depression).

Interestingly, the British and Dutch colonies had larger combined GDPs than their respective metropoles, which was a key motivator for the Japanese invasion of these territories in East Asia during the war. Trade with neutral and non-belligerent countries also contributed greatly to the economic development of Allied and Axis powers throughout the war; for example, natural resources from Latin America were essential to the American war effort, while German manufacturing was often dependent on Swedish iron supplies.

******* had the highest level of the Human Development Index (HDI) worldwide in 2023 with a value of *****. With a score of ****, ****** followed closely behind *********** and had the second-highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number eight and number 13 of the HDI, respectively, *********************** are the only Asian locations within the top-15 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was ***** U.S. dollars, increasing throughout the decades until reaching ****** in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly ** billion U.S. dollars, which has risen to nearly *** billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third-largest GDP behind Saudi Arabia and Israel, reaching nearly *** billion U.S. dollars by 2022. Per capita, the UAE GDP was around ****** U.S. dollars in 1989, and has nearly doubled to ****** U.S. dollars by 2021. Moreover, this is expected to reach over ****** U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

The average for 2021 based on 178 countries was 0.331 index points. The highest value was in Switzerland: 0.939 index points and the lowest value was in the Central African Republic: 0.042 index points. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.

In 2022, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to 4 percent of its GDP, which was the lowest figure in the ranking.

What is the household debt?

Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime.

The cost of debt

The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.

Historical chart and dataset showing Switzerland military spending/defense budget by year from 1960 to 2023.

The average for 2024 based on 174 countries was 59 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

In 2023, the Netherlands had the highest ratio of pension assets to gross domestic product (GDP). A pension fund is any plan, fund, or scheme that provides retirement income. The Netherlands had 159 percent of its GDP invested in retirement funds that year, followed by Switzerland with 150.3 percent. The third-place ranking is completed by Canada, with 146.6 percent of its GDP invested in retirement funds.