Switzerland GDP Growth Rate  1980-2018 | Data | Chart | Calendar

The Swiss economy advanced 0.6 percent on quarter in the three months to March of 2018, the same as in the previous period but above market consensus of a 0.5 percent growth. Private consumption and equipment investment were the main drivers of expansion while net trade contributed slightly negatively to GDP growth. Year-on-year, the GDP grew by 2.2 percent, following a 1.9 percent expansion in the previous period while markets estimated a 2.3 percent growth. It is the strongest yearly expansion since the December quarter 2014. GDP Growth Rate in Switzerland averaged 0.43 percent from 1980 until 2018, reaching an all time high of 2.30 percent in the fourth quarter of 1999 and a record low of -1.60 percent in the fourth quarter of 2008.

Switzerland GDP Growth Rate
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Swiss Q1 GDP Growth Beats Estimates


The Swiss economy advanced 0.6 percent on quarter in the three months to March of 2018, the same as in the previous period but above market consensus of a 0.5 percent growth. Private consumption and equipment investment were the main drivers of expansion while net trade contributed slightly negatively to growth.

In the first quarter, household consumption rose by 0.4 percent year-on-year, after a 0.2 percent growth in the December quarter, supported by broad-based increases in consumer spending, including in healthcare and food. Meanwhile, government spending declined by 0.3 percent, compared to a 0.5 percent rise in the prior quarter. Investment in equipment and software grew by 3.6 percent, following a 1.3 percent decline in the fourth quarter. The rebound was broad-based, including in research and development, vehicles and IT. On the other hand, construction investment shrank by 0.4 percent, after a 1 percent rise in the previous period.  

Net foreign demand contributed slightly negatively to GDP growth. Exports of goods went up by 2 percent, following a 1.2 percent fall in the previous quarter. Transit trading and sales of precision instruments, watches and imitation jewelery particularly contributed to the rebound. Also, positive development was recorded for exports of machinery and metals. Meanwhile, exports of services rose by 0.9 percent, after a 2.6 percent drop in the December quarter. Imports of goods grew by 2.9 percent, following a 5 percent rise in Q4. Purchases continued to grow for: chemical and pharmaceutical products, vehicles and machinery. Imports of services expanded 0.8 percent, reversing from a 4.3 percent fall in the December quarter, due to renewed increase in licenses and patents.

Year-on-year, the GDP grew by 2.2 percent, following a 1.9 percent expansion in the previous period while markets estimated a 2.3 percent growth. It is the strongest yearly expansion since the December quarter 2014.


Seco l Rida | rida@tradingeconomics.com
5/31/2018 8:11:37 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-30 06:45 AM GDP Growth Rate QoQ 0.6% 0.4% 0.5% 0.5%
2018-03-01 06:45 AM GDP Growth Rate QoQ 0.6% 0.7% 0.6% 0.7%
2018-05-31 05:45 AM GDP Growth Rate QoQ 0.6% 0.6% 0.5% 0.5%
2018-09-06 05:45 AM GDP Growth Rate QoQ 0.6% 0.50%
2018-11-29 06:45 AM GDP Growth Rate QoQ 0.40%


Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 2.30 -1.60 percent [+]
GDP Annual Growth Rate 2.20 1.90 5.80 -3.40 percent [+]
GDP 678.89 668.75 709.18 9.52 USD Billion [+]
GDP Constant Prices 171856.45 170785.68 171856.45 89780.29 CHF Million [+]
Gross Fixed Capital Formation 43177.60 42327.20 43177.60 18653.80 CHF Million [+]
GDP per capita 76667.44 76682.64 76682.64 54420.97 USD [+]
GDP per capita PPP 57410.17 57421.55 57421.55 46129.44 USD [+]


Switzerland GDP Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total, followed by gross fixed capital formation (24 percent) and government expenditure (11 percent). Foreign trade adds 11 percent to GDP as exports account for 64 percent and imports for 53 percent. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 2.30 -1.60 1980 - 2018 percent Quarterly
SA, WDA




GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


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