Markets Actual Q2 Q3 Q4 Q1 2021
Currency 0.96 0.96 0.97 0.97 0.98 0.99
Stock Market (points) 9831.49 9658 9488 9321 9157 8829
Government Bond 10Y (%) -0.46 0.05 0.1 0.15 0.22 0.34

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.30 -5.2 2.5 1 1.2 0.5
GDP Annual Growth Rate (%) 1.50 -8.7 -4.4 -3.2 2.5 4.2
Unemployment Rate (%) 3.30 5.1 5.5 5.4 5.2 4.5
Inflation Rate (%) -1.10 -1.6 -0.7 0.3 0.5 0.8
Inflation Rate Mom (%) -0.40 -0.4 0.3 -0.2 0.3 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF million) 4326.69 2500 840 180 1980 80
Current Account (CHF Million) 25834.98 15900 19100 19500 20800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.5 7.8 7.8
Government Debt to GDP (%) 41.00 48 48 48 54 54
Government Budget (% of GDP) 1.50 -6.2 -6.2 -6.2 -4.8 -4.8
Business Confidence (points) 53.20 73 76 82 85 94
Manufacturing PMI (points) 40.70 44 46 47 50.5 51
Consumer Confidence (points) -39.30 -40 -20 -14 -12 -8
Retail Sales MoM (%) -6.20 1 -1.2 0.5 1.1 0.5
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.30 -5.2 2.5 1 1.2 0.5
GDP Annual Growth Rate (%) 1.50 -8.7 -4.4 -3.2 2.5 4.2
GDP (USD Billion) 715.00 675 675 675 695 695
GDP Constant Prices (CHF Million) 178550.84 169536 174077 172837 183015 180096
Gross Fixed Capital Formation (CHF Million) 43428.70 40788 41789 42039 44514 43805
GDP per capita (USD) 78816.20 77200 77200 77200 77900 77900
GDP per capita PPP (USD) 59019.20 57900 57900 57900 58500 58500

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 3.30 5.1 5.5 5.4 5.2 4.5
Wages (CHF/Month) 6291.00 6216 6253 6304 6322 6379
Wages in Manufacturing (points) 112.40 111 112 113 113 114
Population (Million) 8.54 8.6 8.6 8.6 8.66 8.66
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Non Farm Payrolls (Thousand) 5102.00 4765 4690 4610 4650 4800
Wage Growth (%) 0.50 -1.2 -0.6 0.2 0.5 1.2

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) -1.10 -1.6 -0.7 0.3 0.5 0.8
Inflation Rate Mom (%) -0.40 -0.4 0.3 -0.2 0.3 0.3
Consumer Price Index CPI (points) 101.30 101 101 102 102 103
Core Consumer Prices (points) 100.98 101 101 101 101 102
Core Inflation Rate (%) -0.50 -1.2 -0.3 0.2 0.5 0.7
Producer Prices (points) 98.14 97.85 98.89 105 99.8 107
Producer Prices Change (%) -4.00 -3.8 -2.2 -1 0.4 1.2
Food Inflation (%) 0.30 1.2 0.8 0.5 0.6 1.1
Cpi Housing Utilities (points) 103.35 102 103 104 104 105
CPI Transportation (points) 100.51 104 102 103 103 103
Harmonised Consumer Prices (points) 100.87 100 101 101 101 102

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.65 -0.59 -0.59 -0.59 -0.59 -0.59
Deposit Interest Rate (%) -0.38 -0.4 -0.4 -0.4 -0.4 -0.4

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (CHF million) 4326.69 2500 840 180 1980 80
Current Account (CHF Million) 25834.98 15900 19100 19500 20800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.5 7.8 7.8
Imports (CHF million) 12379.70 12420 14180 16620 17120 18420
Exports (CHF million) 16706.40 14920 15020 17200 19100 21900
Tourist Arrivals (Thousand) 1343.00 800 1000 1200 1300 1800

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 41.00 48 48 48 54 54
Government Budget (% of GDP) 1.50 -6.2 -6.2 -6.2 -4.8 -4.8
Government Budget Value (CHF Million) 8097.00 -2200 -2200 -2200 -840 -840
Government Spending (CHF Million) 20204.85 19117 19657 19558 20710 20380
Government Spending to GDP (%) 32.70 37 37 37 36 36

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 7.70 7.7 7.7 7.7 7.7 7.7
Social Security Rate (%) 12.00 12 12 12 12 12
Social Security Rate For Companies (%) 6.00 6 6 6 6 6
Social Security Rate For Employees (%) 6.00 6 6 6 6 6

Business Actual Q2 Q3 Q4 Q1 2021
Business Confidence (points) 53.20 73 76 82 85 94
Manufacturing PMI (points) 40.70 44 46 47 50.5 51
Industrial Production (%) 0.80 -17 -12 -4.2 2.5 5.1
Zew Economic Sentiment Index 31.30 14 -36 -28 -18 -14

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -39.30 -40 -20 -14 -12 -8
Retail Sales MoM (%) -6.20 1 -1.2 0.5 1.1 0.5
Retail Sales YoY (%) -5.60 -12.3 -2.8 -1.2 2.5 4.8
Consumer Spending (CHF Million) 94097.90 89487 91685 91087 96450 94912
Consumer Credit (CHF Million) 899500.00 846098 871782 870285 921988 906837
Gasoline Prices (USD/Liter) 1.48 1.57 1.49 1.42 1.35 1.28


This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy.