Markets Actual Q1 Q2 Q3 Q4 2022
Currency 0.89 0.89 0.9 0.9 0.9 0.91
Stock Market (points) 10870.46 10656 10468 10284 10103 9740
Government Bond 10Y (%) -0.47 0.05 0.11 0.17 0.24 0.37

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 7.20 1.5 2 1.4 1 0.4
GDP Annual Growth Rate (%) -1.60 2.5 7.5 3.7 4.2 2.2
Unemployment Rate (%) 3.50 4.5 4.3 4 3.6 3.2
Inflation Rate (%) -0.80 -0.2 0.2 0.1 0.2 0.5
Inflation Rate Mom (%) -0.10 0.3 0.2 0.1 0.3 0.2
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 3094.28 2700 2980 3200 80 80
Current Account (CHF Million) 8778.45 20800 17800 17600 17500 16200
Current Account to GDP (%) 10.90 7.8 7.8 7.8 7.8 8.2
Government Debt to GDP (%) 41.00 48 48 48 48 46
Government Budget (% of GDP) 1.50 -2.8 -2.8 -2.8 -2.8 -0.6
Business Confidence (points) 104.30 95 97 92 94 99
Manufacturing PMI (points) 58.00 50.5 53.2 53 53.6 52
Consumer Confidence (points) -12.80 -12 -10 -9 -8 -6
Retail Sales MoM (%) -2.00 1.1 0.6 -1 -1 0.5
Corporate Tax Rate (%) 18.00 17.77 18 18 17.77 17.77
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 7.20 1.5 2 1.4 1 0.4
GDP Annual Growth Rate (%) -1.60 2.5 7.5 3.7 4.2 2.2
GDP (USD Billion) 703.08 695 695 695 695 730
GDP Constant Prices (CHF Million) 179833.33 174074 179793 173060 184038 181385
Gross Fixed Capital Formation (CHF Million) 45555.10 42785 44026 42117 44794 44582
GDP per capita (USD) 79406.70 78200 78200 78200 78200 79500
GDP per capita PPP (USD) 68627.80 67500 67500 67500 67500 68200

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.50 4.5 4.3 4 3.6 3.2
Wages (CHF/Month) 6304.00 6424 6317 6336 6527 6527
Wages in Manufacturing (points) 112.90 116 113 113 118 118
Population (Million) 8.54 8.66 8.66 8.66 8.66 8.72
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.60 2.1 1.8 1.7 1.7 1.6
Non Farm Payrolls (Thousand) 5138.00 4650 4750 4810 4890 4990
Wage Growth (%) 0.90 0.5 1.1 1 1.2 1.7

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.80 -0.2 0.2 0.1 0.2 0.5
Inflation Rate Mom (%) -0.10 0.3 0.2 0.1 0.3 0.2
Consumer Price Index CPI (points) 100.86 101 101 102 104 101
Core Consumer Prices (points) 100.71 102 101 102 103 103
Core Inflation Rate (%) -0.40 0.5 0.6 0.7 0.7 1.1
Producer Prices (points) 97.90 98.17 98.84 98.34 107 99.06
Producer Prices Change (%) -2.70 -0.6 0.2 0.4 0.9 1.2
Food Inflation (%) -0.40 0.6 0.4 0.8 1 1.4
Cpi Housing Utilities (points) 103.52 103 103 104 106 104
CPI Transportation (points) 99.91 102 102 99.47 105 102
Harmonised Consumer Prices (points) 100.09 100 101 101 104 101

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.77 -0.79 -0.79 -0.79 0.04 -0.79
Deposit Interest Rate (%) -0.40 -0.4 -0.4 -0.4 0.44 -0.4

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (CHF Million) 3094.28 2700 2980 3200 80 80
Current Account (CHF Million) 8778.45 20800 17800 17600 17500 16200
Current Account to GDP (%) 10.90 7.8 7.8 7.8 7.8 8.2
Imports (CHF million) 15669.20 16120 16500 17700 18420 21520
Exports (CHF million) 18763.49 19100 19700 20400 21900 23700
Tourist Arrivals (Thousand) 1540.00 950 1500 1650 910 1200

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 41.00 48 48 48 48 46
Government Budget (% of GDP) 1.50 -2.8 -2.8 -2.8 -2.8 -0.6
Government Budget Value (CHF Million) 8097.00 -840 -840 -840 -840 -450
Government Spending (CHF Million) 20143.19 25600 24800 22900 22500 23000
Government Spending to GDP (%) 32.70 36 36 36 36 34

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 18.00 17.77 18 18 17.77 17.77
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 12.46 12 12 12.46 12.46
Social Security Rate For Companies (%) 6.00 6.23 6 6 6.23 6.23
Social Security Rate For Employees (%) 6.00 6.23 6 6 6.23 6.23

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 104.30 95 97 92 94 99
Manufacturing PMI (points) 58.00 50.5 53.2 53 53.6 52
Industrial Production (%) -5.10 2.5 7.5 5.1 5.1 3.2
Services PMI (points) 51.70 51 52.8 53.2 54 53.6
Zew Economic Sentiment Index 46.80 18 16 12 14 7

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -12.80 -12 -10 -9 -8 -6
Retail Sales MoM (%) -2.00 1.1 0.6 -1 -1 0.5
Retail Sales YoY (%) 1.70 4.5 2.2 1.8 4.8 2.6
Consumer Spending (CHF Million) 91929.00 91172 92025 88182 97635 95001
Consumer Credit (CHF Million) 917832.00 870285 921988 975679 913006 906837
Gasoline Prices (USD/Liter) 1.65 1.42 1.43 1.35 1.35 1.35


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.