The Swiss current account surplus rose to CHF 15.2 billion in the fourth quarter of 2018 from CHF 12.9 billion in the corresponding period of the previous year. The services surplus widened to CHF 4.2 billion from CHF 3.4 billion a year earlier, while the primary income gap fell to CHF 1.4 billion from CHF 2.9 billion and the secondary income deficit narrowed sharply to CHF 2.5 billion from CHF 4.1 billion. Meanwhile, the goods surplus decreased to CHF 14.8 billion from CHF 16.5 billion a year ago. Considering 2018 full year, the current account surplus increased to CHF 70.6 billion from CHF 44.7 billion in 2017. Current Account in Switzerland averaged 7957.50 CHF Million from 1972 until 2018, reaching an all time high of 25032.31 CHF Million in the first quarter of 2010 and a record low of -2851.91 CHF Million in the first quarter of 2009.
Current Account in Switzerland is expected to be 19900.00 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 21800.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 17500.00 CHF Million in 2020, according to our econometric models.