War Balance
Switzerland vs Austria: support for Ukraine and trade with Russia since 2022
Switzerland: Toward Ukraine by 1.0% of a year's GDP since 2022 (likely 0.44% to 1.4% toward Ukraine; very likely · >99%). Austria: Leaning toward Ukraine by 0.45% of a year's GDP since 2022 (likely from 1.2% toward Russia to 2.4% toward Ukraine; likely toward Ukraine · 68%).
Support for Ukraine in euros: Switzerland €8.3bn, Austria €3.7bn. More in euros: Switzerland; more as a share of GDP: Switzerland.
These numbers measure money: aid to Ukraine and the change in what Russia keeps from trade, against a world without the war. Weapons count at their money value: aid at market value when delivered, weapons and troops sent to Russia at the seller's gain where Russia paid and in full where it did not. Votes, diplomacy and intent are not in them.
Side by side
| # | Country | Net | Support for Ukraine | Russia kept from trade, vs no war | Russian money frozen (return lost) | Paid Russia since 2022 |
|---|---|---|---|---|---|---|
| Switzerland | +1.0%+€8.7bn · +€966 per personlikely 0.44% to 1.4% toward Ukrainevery likely · >99% | +€8.3bn+0.97% of GDPvery likely · >99% | €1.6bn more0.18% of GDP morelikely toward Russia · 86% | €2bn0.23% of GDP | €19.9bn2.3% of GDP | |
| Austria | +0.45%+€2.1bn · +€231 per personlikely from 1.2% toward Russia to 2.4% toward Ukrainelikely toward Ukraine · 68% | +€3.7bn+0.79% of GDPvery likely · >99% | €2.4bn more0.51% of GDP morelikely toward Russia · 67% | €0.81bn0.17% of GDP | €19.4bn4.1% of GDP |
Each row: the best estimate, then its range and the chance of its direction, as in the country's panel.
What makes up each number
| Measure | Switzerland | Austria |
|---|---|---|
| Cost of hosting refugees from Ukraine | +€6.5bn+0.76% of GDP | +€1.8bn+0.39% of GDP |
| Government aid to Ukraine | +€1.4bn+0.16% of GDP | +€0.25bn+0.05% of GDP |
| Private donations to Ukraine | +€0.57bn+0.07% of GDP | +€0.14bn+0.03% of GDP |
| Refugee spending kept in the host economy | −€0.14bn−0.02% of GDP | −€11m<0.01% of GDP |
| Share of IMF and World Bank lending to Ukraine | +€29m<0.01% of GDP | +€21m<0.01% of GDP |
| Aid spent here on energy, relief and rebuilding | −€5m<0.01% of GDP | −€4m<0.01% of GDP |
| Extra services sold to Ukraine | −€4m<0.01% of GDP | −€5m<0.01% of GDP |
| Other countries' aid to Ukraine spent here | −€1m<0.01% of GDP | – |
| Share of EU aid to Ukraine | – | +€1.5bn+0.31% of GDP |
| Purchases from Ukraine vs no war | – | +€52m+0.01% of GDP |
| Russia's gain from war-time fuel prices | −€1.5bn−0.17% of GDP | −€4.1bn−0.87% of GDP |
| Company profits in Russia | +€0.58bn+0.07% of GDP | −€1.6bn−0.35% of GDP |
| Gold and hidden payments to Russia | −€0.50bn−0.06% of GDP | – |
| Russia's gain on fuel and goods it sold | −€0.49bn−0.06% of GDP | +€3.8bn+0.81% of GDP |
| Company taxes paid in Russia | +€0.34bn+0.04% of GDP | −€2.3bn−0.49% of GDP |
| Russian oil bought via other countries | −€0.20bn−0.02% of GDP | +€0.71bn+0.15% of GDP |
| Services bought from Russia | +€0.12bn+0.01% of GDP | +€73m+0.02% of GDP |
| Services sold to Russia | +€0.12bn+0.01% of GDP | +€15m<0.01% of GDP |
| Extra price Russia paid because of sanctions | −€100m−0.01% of GDP | −€42m<0.01% of GDP |
| Sellers' gain on sales to Russia | +€50m<0.01% of GDP | +€38m<0.01% of GDP |
| Shipping and insuring Russian oil | −€23m<0.01% of GDP | – |
| Stakes in Russian oil and gas projects | – | +€0.90bn+0.19% of GDP |
| Profits of Russian-owned companies abroad | – | +€0.12bn+0.03% of GDP |
| Frozen Russian central bank reserves | €1.1bn0.13% of GDP | €0.43bn0.09% of GDP |
| Frozen Russian private assets | €0.85bn0.10% of GDP | €0.39bn0.08% of GDP |
+ toward Ukraine, − toward Russia
Year by year
| Year | Country | Support for Ukraine | Trade: toward Ukraine (+) / toward Russia (−) | Russian money frozen | Net |
|---|---|---|---|---|---|
| 2022 | Switzerland | +€1.6bn | −€670m | +€141m | +€1.1bn |
| Austria | +€815m | −€4.2bn | +€53m | −€3.3bn | |
| 2023 | Switzerland | +€1.8bn | −€530m | +€559m | +€1.8bn |
| Austria | +€929m | −€306m | +€264m | +€886m | |
| 2024 | Switzerland | +€1.7bn | −€163m | +€566m | +€2.1bn |
| Austria | +€851m | −€380m | +€231m | +€701m | |
| 2025 | Switzerland | +€1.7bn | −€412m | +€441m | +€1.8bn |
| Austria | +€700m | +€1.1bn | +€167m | +€2.0bn | |
| 2026* | Switzerland | +€1.4bn | +€200m | +€262m | +€1.9bn |
| Austria | +€443m | +€1.3bn | +€99m | +€1.9bn |
Each year's amount: + toward Ukraine, − toward Russia. *2026: to August.
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Cite as: War Balance, figures to August 2026, https://warbalance.org/compare/switzerland-vs-austria/