🇨🇭 Switzerland
Public Sector Debt · 2026
Total Debt
37.6%
of GDP
Global Rank
#157
of 192
S&P Rating
AAA
Credit rating
SOE Debt
+1.5%
1 categories
Where the Debt Sits
Central Government
Subnational
Central Government: 13.1%Subnational: 23.0%Infrastructure: 1.5%
Who Holds This Debt
Holder Breakdown
Domestic 88%
Domestic: 88%Foreign: 12%
Currency Denomination
Local 100%
Local currency: 100%Foreign currency: 0%
Full Debt Breakdown
Central Government13.1% of GDP
Central GovernmentIMF WEO — General Government Debt
13.1%Subnational / Regional23.0% of GDP
SubnationalIMF WEO — General Government Debt
23.0%Infrastructure SOEs1.5% of GDP
SBB Swiss Federal RailwaysSBB Facts & Figures 2024Net debt CHF 12.1B + CHF 26.6B owed to federal govt
1.5%SOE Corporate (aggregate)1.9% of GDP
Swisscom (51% state telecom)Swisscom 2024 ResultsNet debt CHF 15.9B post-Vodafone Italia acquisition
1.9%Total Corporate Debt128.3% of GDP
Nonfinancial corporate debt (total)BIS Credit Statistics Q3 2025Inflated by multinational HQ structures.
128.3%Household Debt121.9% of GDP
Household debtBIS Credit Statistics Q3 2025Highest in sample. Swiss mortgage culture (never fully repay).
121.9%Unfunded Pension Liabilities140.0% of GDP
Public pension unfunded (AHV net of funded)Eurostat/EFTA Table 29 (2021)Total entitlements ~280%. AHV is PAYG. 2nd pillar (BVG) is funded at ~140% GDP. Net unfunded from 1st pillar ~140%.
140.0%All Layers Total429.7%
Credit Ratings
S&P
AAA
Moody's
Aaa
Fitch
AAA
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202636.1% GDP
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