Switzerland's current account surplus widened to CHF 15.93 billion in the first quarter of 2021, from CHF 10.16 billion in the same period last year, as the goods surplus increased to CHF 22.04 billion from CHF 18.08 billion and the secondary income deficit shrank to CHF 0.72 billion from CHF 3.93 billion last year. Meanwhile, the services surplus stood at CHF 0.52 billion, little-changed from CHF 0.59 billion a year ago, while the primary income gap rose to CHF 5.91 billion from CHF 4.58 billion. source: Swiss National Bank

Current Account in Switzerland averaged 7872.59 CHF Million from 1972 until 2021, reaching an all time high of 25242.98 CHF Million in the second quarter of 2013 and a record low of -3125.98 CHF Million in the first quarter of 2009. This page provides - Switzerland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Current Account in Switzerland is expected to be 15100.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Switzerland to stand at 18700.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 16200.00 CHF Million in 2022 and 16700.00 CHF Million in 2023, according to our econometric models.

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Switzerland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
15927.52 -2852.76 25242.98 -3125.98 1972 - 2021 CHF Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-21 07:00 AM Q2 CHF 9.9B CHF 14.5B CHF 25.9B
2020-12-18 08:00 AM Q3 CHF 9B CHF 13.1B CHF 19.1B
2021-03-22 08:00 AM Q4 CHF -3B CHF 11.5B CHF 17.8B
2021-06-22 07:00 AM Q1 CHF 16B CHF -3B CHF 5.1B
2021-09-22 07:00 AM Q2 CHF 16B CHF 15.1B
2021-12-21 08:00 AM Q3


News Stream
Swiss Current Account Surplus Widens in Q1
Switzerland's current account surplus widened to CHF 15.93 billion in the first quarter of 2021, from CHF 10.16 billion in the same period last year, as the goods surplus increased to CHF 22.04 billion from CHF 18.08 billion and the secondary income deficit shrank to CHF 0.72 billion from CHF 3.93 billion last year. Meanwhile, the services surplus stood at CHF 0.52 billion, little-changed from CHF 0.59 billion a year ago, while the primary income gap rose to CHF 5.91 billion from CHF 4.58 billion.
2021-06-22
Switzerland Records 1st Current Account Gap in 11Y
Switzerland recorded a current account gap of CHF 2.9 billion in the last three months of 2020, the first deficit since a record gap in Q1 2009, and compared to a CHF 16.3 billion surplus in Q4 2019. The decline was mainly due to direct investment, with receipts declining more strongly than expenses. Under secondary income, higher claims payments by private insurers were behind higher expenses. Considering full 2020, the current account surplus narrowed by CHF 22 billion to CHF 27 billion, mainly due to a lower trade surplus amid rising gold imports.
2021-03-22
Switzerland Current Account Surplus Narrows in Q3
The current account surplus in Switzerland shrank to CHF 9 billion in the third quarter of 2020 from CHF 12 billion in the same period a year ago. It was the smallest current account surplus since the first quarter of 2019, as the services account shifted to a deficit of CHF 0.5 billion compared to a surplus of CHF 1.8 billion in Q3 2019; and the goods surplus decreased to CHF 14.4 billion from CHF 19.1 billion, mainly attributable to gold trading. At the same time, the primary income gap fell to CHF 4.7 billion from CHF 5.9 billion a year ago and the secondary income shortfall went down to CHF 0.5 billion from CHF 3.1 billion in the same period of 2019.
2020-12-18
Swiss Current Account Surplus Smallest since 2017
The current account surplus in Switzerland shrank to CHF 10 billion in the second quarter of 2020 from CHF 20.6 billion a year earlier. It was the smallest current account surplus since the third quarter of 2017, as the primary income balance shifted to a deficit of CHF 3.2 billion compared to a surplus of CHF 3.7 billion in Q2 of 2019, due to lower receipts from direct investment abroad. Also, the secondary income gap rose to CHF 3.2 billion from CHF 2.5 billion in the same period of 2019. Meanwhile, the goods surplus decreased slightly to CHF 15.2 billion from CHF 17.6 billion and the services surplus also went down to CHF 1.2 billion from CHF 1.9 billion.
2020-09-21

Switzerland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).