Markets Actual Q4 Q1 Q2 Q3 2022
Currency 0.92 0.93 0.93 0.94 0.94 0.95
Stock Market (points) 11959.16 11724 11498 11276 11058 10636
Government Bond 10Y (%) -0.09 0.01 0.02 0.03 0.05 0.05

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.80 1.6 1.2 0.8 1 0.8
GDP Annual Growth Rate (%) 7.70 4.2 5.6 6.8 5.1 3.6
Unemployment Rate (%) 2.60 3 3.2 3.3 3.2 3.2
Inflation Rate (%) 0.90 1.1 0.8 0.7 0.9 0.7
Inflation Rate Mom (%) 0.00 0.3 0.4 0.3 0.2 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 4465.00 80 4000 4050 3910 3880
Current Account (CHF Million) 10508.00 17500 18700 16900 18900 16200
Current Account to GDP (% of GDP) 3.80 4.5 5 5 5 5
Government Debt to GDP (% of GDP) 42.90 45.8 44.6 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -0.2 -0.2 -0.2 -0.2
Business Confidence (points) 110.60 115 109 110 108 107
Manufacturing PMI (points) 68.10 57.5 56 56.5 55.8 55.1
Consumer Confidence (points) 7.80 4.5 2.5 5 3 1
Retail Sales MoM (%) 1.10 1.2 0.9 0.5 -0.7 0.6
Corporate Tax Rate (%) 14.93 17.77 14.93 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.80 1.6 1.2 0.8 1 0.8
GDP Annual Growth Rate (%) 7.70 4.2 5.6 6.8 5.1 3.6
GDP (USD Billion) 747.97 795 850 850 850 850
GDP Constant Prices (CHF Million) 182933.62 184038 188100 189772 195373 194872
Gross Fixed Capital Formation (CHF Million) 47061.30 44794 48730 49164 50261 50484
GDP per capita (USD) 80132.43 82200 83400 83400 83400 83400
GDP per capita PPP (USD) 68393.31 70500 71600 71600 71600 71600

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 2.60 3 3.2 3.3 3.2 3.2
Wages (CHF/Month) 6354.00 6527 6405 6443 6430 6507
Wages in Manufacturing (points) 114.30 118 115 116 116 117
Population (Million) 8.61 8.66 8.72 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 2.1 1.9 1.7 1.8 1.8
Non Farm Payrolls (Thousand) 5126.00 5180 5210 5200 5220 5270
Wage Growth (%) -0.80 0.8 1.4 1.2 1.5 1.6

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 0.90 1.1 0.8 0.7 0.9 0.7
Inflation Rate Mom (%) 0.00 0.3 0.4 0.3 0.2 0.3
Consumer Price Index CPI (points) 101.24 101 101 102 102 102
Core Consumer Prices (points) 100.57 101 101 102 102 102
Core Inflation Rate (%) 0.40 0.6 0.8 1 1.1 1.2
Producer Prices (points) 104.11 104 104 107 107 107
Producer Prices Change (%) 4.50 4.3 3.6 3.8 3.2 2.5
Food Inflation (%) -1.70 0.2 0.6 1 0.9 1.1
Cpi Housing Utilities (points) 101.72 101 102 102 103 102
CPI Transportation (points) 105.41 106 106 106 107 107
Harmonised Consumer Prices (points) 101.12 101 101 102 102 102

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.77 -0.77 -0.77 -0.77 -0.77 -0.77
Deposit Interest Rate (%) -0.43 -0.43 -0.43 -0.43 -0.43 -0.43

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (CHF Million) 4465.00 80 4000 4050 3910 3880
Current Account (CHF Million) 10508.00 17500 18700 16900 18900 16200
Current Account to GDP (% of GDP) 3.80 4.5 5 5 5 5
Imports (CHF million) 16445.00 17900 18250 18690 19000 19520
Exports (CHF million) 20910.00 21900 22300 22600 22800 23400
Tourist Arrivals (Thousand) 1622.40 910 1320 1780 1750 1200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 42.90 45.8 44.6 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -0.2 -0.2 -0.2 -0.2
Government Budget Value (CHF Million) -16105.00 -840 -450 -450 -5510 -450
Government Spending (CHF Million) 22582.64 22500 21786 22608 24118 23000
Government Spending to GDP (% of GDP) 36.20 37 32.8 32.8 32.8 32.8
Government Revenues (CHF Million) 232361.00 238710 247080 247080 247080 247080
Fiscal Expenditure (CHF Million) 248467.00 256130 252590 252590 252590 252590

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 14.93 17.77 14.93 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 12.46 12.8 12.8 12.8 12.8
Social Security Rate For Companies (%) 6.40 6.23 6.4 6.4 6.4 6.4
Social Security Rate For Employees (%) 6.40 6.23 6.4 6.4 6.4 6.4

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 110.60 115 109 110 108 107
Manufacturing PMI (points) 68.10 57.5 56 56.5 55.8 55.1
Industrial Production (%) 15.70 4.5 6.2 5.5 4.8 4
Services PMI (points) 61.30 57.6 54.5 56 55.6 55.1
Zew Economic Sentiment Index 25.70 1 15 12 18 15

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 7.80 4.5 2.5 5 3 1
Retail Sales MoM (%) 1.10 1.2 0.9 0.5 -0.7 0.6
Retail Sales YoY (%) 0.50 4.8 5.6 5.1 4.4 4.6
Consumer Spending (CHF Million) 90994.90 97635 94080 92342 97183 97467
Consumer Credit (CHF Million) 970658.00 913006 964860 991663 1033886 999595
Gasoline Prices (USD/Liter) 1.91 1.81 1.72 1.64 1.56 1.48


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.