Switzerland recorded a current account gap of CHF 2.9 billion in the last three months of 2020, the first deficit since a record gap in Q1 2009, and compared to a CHF 16.3 billion surplus in Q4 2019. The decline was mainly due to direct investment, with receipts declining more strongly than expenses. Under secondary income, higher claims payments by private insurers were behind higher expenses. Considering full 2020, the current account surplus narrowed by CHF 22 billion to CHF 27 billion, mainly due to a lower trade surplus amid rising gold imports. source: Swiss National Bank
Current Account in Switzerland averaged 7831.49 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 June of 2021.
Current Account in Switzerland is expected to be 20800.00 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 17500.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 16200.00 CHF Million in 2022, according to our econometric models.