Belgium vs Switzerland

Belgium vs Switzerland: Government debt

Government debt in 2025: 107.9% of GDP in Belgium and 40.1% of GDP in Switzerland, by IMF estimates. In 2025 the value was higher in Belgium, by 67.8 percentage points, or 2.69 times that in Switzerland.

% of GDP · IMF

Belgium vs Switzerland: Government debtGovernment debt in 2025: 107.9% of GDP in Belgium and 40.1% of GDP in Switzerland, by IMF estimates. In 2025 the value was higher in Belgium, by 67.8 percentage points, or 2.69 times that in Switzerland.
BelgiumSwitzerlandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Belgium has been higher in every year both have figures for since 1990.
  • In 2025, Belgium ranked 9 and Switzerland ranked 106 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Switzerland at 35.9% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumSwitzerland
2025107.940.1
2024103.940.4
2023102.540.2
2022103.339.2
2021108.743.3
2020111.445.3
201997.741
2018100.141.1
2017102.542
2016105.542
2015105.643.1
2014106.642.9
201310542.9
2012104.343.6
2011102.742.9
2010100.242.6
200999.944.3
200893.246.2
200787.345.9
200691.547.9
200595.154.2
200497.257.2
2003101.756.3
2002105.457
2001108.250.8
2000109.651.9
1999115.452
1998119.255.4
1997124.353.1
199612950.7
1995131.349.4
1994137.146.5
1993138.943.8
1992134.739.1
1991131.834.8
1990130.333.1
1989126.4–
1988129.7–
1987129.2–
1986124.7–
1985119.4–
1984114.6–
1983110.3–
198299.6–
198189.7–
198076.8–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearBelgiumSwitzerland
2026109.838.3
2027111.637.8
2028114.137.1
2029116.437
2030119.336.2
2031122.135.9

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Belgium vs Switzerland

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