Markets Actual Q3 Q4 Q1 Q2 2022
Currency 0.91 0.92 0.93 0.93 0.94 0.95
Stock Market (points) 12054.20 11864 11615 11373 11135 10674
Government Bond 10Y (%) -0.36 0.04 0.08 0.12 0.17 0.2

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.50 4.5 1.9 1.7 1.4 0.8
GDP Annual Growth Rate (%) -0.50 3.7 4.2 5.6 6.8 3.6
Unemployment Rate (%) 2.80 3.6 3.4 3.2 3.3 3.2
Inflation Rate (%) 0.60 1 1.1 0.8 0.4 0.5
Inflation Rate Mom (%) 0.10 0.1 0.3 0.4 0.3 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 4314.00 4100 4000 4050 3910 3880
Current Account (CHF Million) 15927.52 17600 17500 18700 16900 16200
Current Account to GDP (% of GDP) 3.80 4.5 4.5 5 5 5
Government Debt to GDP (% of GDP) 42.90 45.8 45.8 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -3.8 -0.2 -0.2 -0.2
Business Confidence (points) 133.40 118 115 109 110 107
Manufacturing PMI (points) 66.70 62 57.5 56 56.5 55.1
Consumer Confidence (points) -7.10 6 4.5 2.5 5 1
Retail Sales MoM (%) -1.80 -1 1.2 0.9 0.5 0.6
Corporate Tax Rate (%) 14.93 14.93 17.77 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.50 4.5 1.9 1.7 1.4 0.8
GDP Annual Growth Rate (%) -0.50 3.7 4.2 5.6 6.8 3.6
GDP (USD Billion) 747.97 695 695 725 725 725
GDP Constant Prices (CHF Million) 179689.20 181596 184038 188206 189752 194981
Gross Fixed Capital Formation (CHF Million) 46295.70 46264 44794 48350 48888 50090
GDP per capita (USD) 80132.43 78200 78200 79500 79500 79500
GDP per capita PPP (USD) 68393.31 67500 67500 68200 68200 68200

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.80 3.6 3.4 3.2 3.3 3.2
Wages (CHF/Month) 6354.00 6373 6527 6430 6443 6533
Wages in Manufacturing (points) 114.30 114 118 116 116 118
Population (Million) 8.61 8.66 8.66 8.72 8.72 8.72
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.70 2 2.1 1.9 1.7 1.8
Non Farm Payrolls (Thousand) 5101.00 5150 5180 5210 5200 5270
Wage Growth (%) 0.50 1.2 1.2 1.4 1.5 1.6

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.60 1 1.1 0.8 0.4 0.5
Inflation Rate Mom (%) 0.10 0.1 0.3 0.4 0.3 0.3
Consumer Price Index CPI (points) 101.11 101 101 101 102 102
Core Consumer Prices (points) 100.50 101 103 101 101 102
Core Inflation Rate (%) 0.30 0.6 0.6 0.8 1 1.2
Producer Prices (points) 102.72 101 102 102 104 103
Producer Prices Change (%) 2.90 1.4 1.5 1.2 1 1.2
Food Inflation (%) -2.80 -1.2 0.2 0.6 1 1.1
Cpi Housing Utilities (points) 101.29 101 101 102 102 102
CPI Transportation (points) 104.04 100 101 104 104 102
Harmonised Consumer Prices (points) 101.00 101 101 101 101 102

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.76 -0.76 -0.76 -0.76 -0.76 -0.76
Deposit Interest Rate (%) -0.40 -0.4 -0.4 -0.4 -0.4 -0.4

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CHF Million) 4314.00 4100 4000 4050 3910 3880
Current Account (CHF Million) 15927.52 17600 17500 18700 16900 16200
Current Account to GDP (% of GDP) 3.80 4.5 4.5 5 5 5
Imports (CHF million) 15923.00 17400 17900 18250 18690 19520
Exports (CHF million) 20237.00 21500 21900 22300 22600 23400
Tourist Arrivals (Thousand) 943.97 1490 910 1320 1780 1200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 42.90 45.8 45.8 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -3.8 -0.2 -0.2 -0.2
Government Budget Value (CHF Million) -16105.00 -840 -840 -450 -450 -450
Government Spending (CHF Million) 21271.38 22900 22500 21909 22463 23000
Government Spending to GDP (% of GDP) 36.20 37 37 32.8 32.8 32.8
Government Revenues (CHF Million) 232361.00 234710 234710 241080 241080 241080
Fiscal Expenditure (CHF Million) 248467.00 262130 262130 241590 241590 241590

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 14.93 14.93 17.77 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 7.70 7.7 7.7 7.7 7.7 7.7
Social Security Rate (%) 12.80 12.8 12.46 12.8 12.8 12.8
Social Security Rate For Companies (%) 6.40 6.4 6.23 6.4 6.4 6.4
Social Security Rate For Employees (%) 6.40 6.4 6.23 6.4 6.4 6.4

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 133.40 118 115 109 110 107
Manufacturing PMI (points) 66.70 62 57.5 56 56.5 55.1
Industrial Production (%) 4.80 5.1 4.5 6.2 5.5 4
Services PMI (points) 64.40 57 54 54.5 56 53.6
Zew Economic Sentiment Index 42.80 45 22 25 12 15

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -7.10 6 4.5 2.5 5 1
Retail Sales MoM (%) -1.80 -1 1.2 0.9 0.5 0.6
Retail Sales YoY (%) 2.80 4.5 4.8 5.6 5.1 4.6
Consumer Spending (CHF Million) 87421.00 88963 97635 94223 92317 97615
Consumer Credit (CHF Million) 947632.00 949672 964860 991663 1012071 999595
Gasoline Prices (USD/Liter) 1.88 1.79 1.7 1.61 1.53 1.45


This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy.