The current account surplus in Switzerland shrank to CHF 10 billion in the second quarter of 2020 from CHF 20.6 billion a year earlier. It was the smallest current account surplus since the third quarter of 2017, as the primary income balance shifted to a deficit of CHF 3.2 billion compared to a surplus of CHF 3.7 billion in Q2 of 2019, due to lower receipts from direct investment abroad. Also, the secondary income gap rose to CHF 3.2 billion from CHF 2.5 billion in the same period of 2019. Meanwhile, the goods surplus decreased slightly to CHF 15.2 billion from CHF 17.6 billion and the services surplus also went down to CHF 1.2 billion from CHF 1.9 billion.
Current Account in Switzerland averaged 8178.60 CHF Million from 1972 until 2020, reaching an all time high of 25242.98 CHF Million in the second quarter of 2013 and a record low of -3125.98 CHF Million in the first quarter of 2009. This page provides - Switzerland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Current Account in Switzerland is expected to be 19100.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Switzerland to stand at 17800.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 17500.00 CHF Million in 2021 and 16200.00 CHF Million in 2022, according to our econometric models.