The Swiss economy advanced 0.6 percent on quarter in the three months to March 2019, twice faster than an upwardly revised 0.3 percent growth in the previous quarter and beating market expectations of a 0.4 percent expansion. It was the second straight quarterly expansion, as household consumption growth accelerated and there was a rebound in both construction spending and investment in equipment and software. Also, net foreign demand contributed positively to the GDP growth. Year-on-year, the GDP grew by 1.7 percent in the first quarter, accelerating from an upwardly revised 1.5 expansion in the previous quarter and also beating market forecasts of a 1 percent advance. 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.
GDP Growth Rate in Switzerland is expected to be 0.30 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 0.40 in 12 months time. In the long-term, the Switzerland GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.