The Swiss economy expanded 0.3 percent on quarter in the three months to December 2019, following a 0.4 percent growth in the previous period and slightly beating market consensus of 0.2 percent. There were increases in private consumption (0.4 percent vs 0.2 percent in Q3), government spending (0.5 percent vs 0.6 percent), equipment and software investment (2.4 percent vs 0.2 percent) and construction investment (0.4 percent vs 0.3 percent). In addition, net external demand contributed positively to the GDP, with exports falling less than imports. On the production side, the service sector growth was mainly driven by trade, business services, public administration and healthcare, while transport & communication and finance contracted. Construction output rebounded, while manufacturing stagnated following four quarters of growth as international headwinds continued to hit cyclically sensitive sectors such as machinery and metals.
GDP Growth Rate in Switzerland averaged 0.44 percent from 1980 until 2019, reaching an all time high of 2.40 percent in the fourth quarter of 1999 and a record low of -1.90 percent in the fourth quarter of 2008. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
GDP Growth Rate in Switzerland is expected to be -5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Switzerland to stand at 1.20 in 12 months time. In the long-term, the Switzerland GDP Growth Rate is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.