Italy vs Switzerland

Italy vs Switzerland: Government debt

Government debt in 2025: 137.1% of GDP in Italy and 40.1% of GDP in Switzerland, by IMF estimates. In 2025 the value was higher in Italy, by 97 percentage points, or 3.42 times that in Switzerland.

% of GDP · IMF

Italy vs Switzerland: Government debtGovernment debt in 2025: 137.1% of GDP in Italy and 40.1% of GDP in Switzerland, by IMF estimates. In 2025 the value was higher in Italy, by 97 percentage points, or 3.42 times that in Switzerland.
ItalySwitzerlandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher in every year both have figures for since 1990.
  • In 2025, Italy ranked 3 and Switzerland ranked 106 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Italy at 135.6% of GDP and Switzerland at 35.9% of GDP in 2031.

Every year

% of GDP · IMF

YearItalySwitzerland
2025137.140.1
2024134.740.4
2023133.940.2
2022138.439.2
2021145.843.3
2020154.445.3
2019133.941
2018134.241.1
2017133.742
2016134.242
2015134.843.1
2014134.842.9
2013131.942.9
2012125.943.6
2011119.142.9
2010118.842.6
2009116.144.3
2008105.846.2
2007103.545.9
2006106.347.9
2005106.254.2
2004104.757.2
2003105.156.3
2002105.957
2001108.550.8
2000108.751.9
1999113.152
1998113.955.4
1997116.553.1
1996118.950.7
1995119.149.4
1994130.846.5
1993124.143.8
199211339.1
1991105.334.8
1990101.733.1
198998.4–
198895.7–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearItalySwitzerland
2026137.938.3
2027137.637.8
202813737.1
2029136.237
2030135.836.2
2031135.635.9

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

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