Switzerland recorded a current account surplus of CHF 11.1 billion in the second quarter of 2022, narrowing slightly from the CHF 11.9 billion in the corresponding period of the previous year. The goods account surplus fell to CHF 18.5 billion from CHF 25.4 billion, driven by a 8.4 percent rise in expenses as surging energy prices lifted imports. Limiting the lower surplus, the services gap narrowed to CHF 2.3 billion from 5.2 billion, as receipts rose more than expenses. Also, the primary income deficit fell to CHF 2.7 billion from CHF billion, and the secondary income gap narrowed to CHF 2.4 billion from CHF 3.3 billion. source: Swiss National Bank

Current Account in Switzerland averaged 7840.92 CHF Million from 1972 until 2022, reaching an all time high of 25242.98 CHF Million in the second quarter of 2013 and a record low of -16176.72 CHF Million in the fourth quarter of 2020. 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 October of 2022.

Current Account in Switzerland is expected to be 12900.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Current Account is projected to trend around 10900.00 CHF Million in 2023 and 11700.00 CHF Million in 2024, according to our econometric models.

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Switzerland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-06-22 07:00 AM Q1 CHF 19B CHF 14B CHF 9.4B
2022-09-23 07:00 AM Q2 CHF 11B CHF 18B CHF 13B
2022-12-22 08:00 AM Q3 CHF 11B CHF 12.9B


Related Last Previous Unit Reference
Current Account 11090.78 17837.23 CHF Million Jun 2022
Current Account to GDP 9.30 2.80 percent of GDP Dec 2021
External Debt 2198538.90 2163498.00 CHF Million Jun 2022
Capital Flows -12873.59 12547.36 CHF Million Jun 2022
Foreign Direct Investment 1216319.20 1369627.00 CHF Million Dec 2020
Tourism Revenues 3716.10 2876.96 CHF Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
11090.78 17837.23 25242.98 -16176.72 1972 - 2022 CHF Million Quarterly
Current Prices, NSA

News Stream
Swiss Current Account Surplus Narrows in Q2
Switzerland recorded a current account surplus of CHF 11.1 billion in the second quarter of 2022, narrowing slightly from the CHF 11.9 billion in the corresponding period of the previous year. The goods account surplus fell to CHF 18.5 billion from CHF 25.4 billion, driven by a 8.4 percent rise in expenses as surging energy prices lifted imports. Limiting the lower surplus, the services gap narrowed to CHF 2.3 billion from 5.2 billion, as receipts rose more than expenses. Also, the primary income deficit fell to CHF 2.7 billion from CHF billion, and the secondary income gap narrowed to CHF 2.4 billion from CHF 3.3 billion.
2022-09-23
Swiss Current Account Surplus Widens in Q1
Switzerland recorded a current account surplus of CHF 19.1 billion in the first quarter of 2022, widening from the CHF 14.8 billion surplus in the corresponding period of the previous year. The goods account surplus widened to CHF 27.4 billion from CHF 21.3 billion, and the services gap narrowed to CHF 0.7 billion from CHF 1.4 billion. On the other hand, the secondary income gap widened to CHF 3.2 billion from CHF 0.9 billion and the primary income deficit widened to CHF 4.4 billion from CHF 4.2 billion.
2022-06-22
Swiss Current Account Swings to Surplus in Q4
Switzerland recorded a current account surplus of CHF 14.3 billion in the fourth quarter of 2021, compared to a CHF 14.5 billion deficit in the corresponding period of the previous year. The swing was primarily due to a sharp narrowing of the primary account gap to CHF 3.4 billion from CHF 20.6 billion a year earlier. At the same time, the goods account surplus rose to CHF 22.7 billion from CHF 16.3 billion and the services gap narrowed to CHF 1.2 billion from CHF 3.2 billion. The secondary income gap narrowed to 3.8 billion from CHF 6.9 billion.
2022-03-22