Switzerland Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Switzerland's budget deficit was 0.26% in 2025, ranked 30th globally. This represents a 54.8% decrease from 2024. Data from IMF WEO, covering 1983–2025.
Overview
Switzerland's budget deficit stood at 0.26% in 2025, a decline of +0.32% from 2024. The IMF projects 0.26% by 2025. Switzerland ranked 30th globally.
Switzerland’s general government budget deficit has remained modest in recent years, registering a surplus of 0.26 percent of GDP in 2025, which places the country 30th globally according to the IMF World Economic Outlook. The swing from an all‑time trough of –3.15 percent in 1993 to a peak of 1.94 percent in 2008 reflects the impact of the global financial crisis and subsequent fiscal consolidation, after which the deficit steadily narrowed to the current narrow surplus. Over the 43‑year series, Switzerland’s fiscal position has been more disciplined than that of Argentina, whose 2025 deficit stands at 0.39 percent, and comparable to Portugal’s 0.15 percent. The persistent surplus suggests a resilient fiscal framework, yet future trajectories will depend on the balance between ageing‑related spending pressures and the government’s willingness to adjust tax policy or public investment in response to economic cycles.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 0.06% | - | - |
| 2029* IMF | 0.06% | - | - |
| 2028* IMF | 0.16% | - | - |
| 2027* IMF | 0.16% | - | - |
| 2026* IMF | 0.06% | - | - |
| 2025* IMF | 0.26% | - | - |
| 2025 | 0.26% | −0.32% | #30 |
| 2024 | 0.58% | +0.46% | #156 |
| 2023 | 0.12% | −1.07% | #154 |
| 2022 | 1.19% | +1.48% | #164 |
| 2021 | -0.29% | +2.73% | #160 |
| 2020 | -3.01% | −4.36% | #148 |
| 2019 | 1.34% | +0.05% | #160 |
| 2018 | 1.29% | +0.16% | #152 |
| 2017 | 1.13% | +0.89% | #163 |
| 2016 | 0.24% | −0.31% | #156 |
| 2015 | 0.55% | +0.79% | #171 |
| 2014 | -0.25% | +0.19% | #147 |
| 2013 | -0.43% | −0.67% | #146 |
| 2012 | 0.24% | −0.45% | #148 |
| 2011 | 0.68% | +0.33% | #153 |
Detected Pattern
Analysis
Switzerland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Switzerland's budget deficit was 0.26% in 2025. Ranked 30th globally. This represents a 54.8% decrease from the previous year.
Switzerland's budget deficit peaked at 1.94% in 2008.
The lowest budget deficit in Switzerland was -3.15% in 1993.
Switzerland ranks 30th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Switzerland's budget deficit is projected to reach 0.26% by 2025 based on IMF projection.
The budget deficit of Switzerland in 2025 was 0.26%. This ranks 30th in the world.
Cite this page
@misc{historysaid_switzerland_budget-deficit,
title = {Switzerland Budget Deficit},
url = {https://historysaid.com/switzerland/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}