Markets Actual Q1 Q2 Q3 Q4 2023
Currency 0.93 0.92 0.92 0.93 0.93 0.94
Stock Market (points) 12198.07 12037 11817 11601 11389 10975
Government Bond 10Y (%) -0.02 0 0 0 0 0.01

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 1.70 0.2 0.8 1 0.8 0.8
GDP Annual Growth Rate (%) 4.10 5.6 3.8 5.1 3.6 3.6
Unemployment Rate (%) 2.60 3.2 3.3 3.2 3.2 2.8
Inflation Rate (%) 1.50 1.9 1.5 1.2 0.8 0.9
Inflation Rate Mom (%) -0.10 0.4 0.3 0.2 0.3 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 4043.00 4550 3910 3800 3880 2460
Current Account (CHF Million) 24385.00 18700 16900 18900 16200 16700
Current Account to GDP (% of GDP) 3.80 5 5 5 5 4
Government Debt to GDP (% of GDP) 42.90 44.6 44.6 44.6 44.6 43.4
Government Budget (% of GDP) -2.60 -0.2 -0.2 -0.2 -0.2 0.3
Business Confidence (points) 107.00 109 110 108 107 105
Manufacturing PMI (points) 62.70 56 56.5 55.8 55.1 55.1
Consumer Confidence (points) 3.80 4.5 5 3 1 1
Retail Sales MoM (%) 1.30 0.9 0.5 -0.7 0.6 0.5
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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 1.70 0.2 0.8 1 0.8 0.8
GDP Annual Growth Rate (%) 4.10 5.6 3.8 5.1 3.6 3.6
GDP (USD Billion) 752.25 850 850 850 850 900
GDP Constant Prices (CHF Million) 186463.09 184038 189772 189885 195973 194872
Gross Fixed Capital Formation (CHF Million) 46852.90 44794 49164 48850 49242 50484
GDP per capita (USD) 85681.97 83400 83400 83400 83400 84700
GDP per capita PPP (USD) 68393.31 71600 71600 71600 71600 72900

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 2.60 3.2 3.3 3.2 3.2 2.8
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 8.72 8.72 8.72 8.72 8.78
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Non Farm Payrolls (Thousand) 5213.00 5210 5200 5220 5270 5250
Long Term Unemployment Rate (%) 2.10 1.9 1.7 1.8 1.8 1.8
Wage Growth (%) -0.80 1.4 1.2 1.5 1.6 1.8

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 1.50 1.9 1.5 1.2 0.8 0.9
Inflation Rate Mom (%) -0.10 0.4 0.3 0.2 0.3 0.3
Consumer Price Index CPI (points) 101.50 102 103 103 102 103
Core Consumer Prices (points) 100.82 101 102 102 102 104
Core Inflation Rate (%) 0.80 0.8 1 1.1 1.2 1.5
Producer Prices (points) 105.10 105 107 107 108 109
Producer Prices Change (%) 5.10 4.6 3.8 3.2 2.5 1.5
Food Inflation (%) -1.40 0.6 1 0.9 1.1 1.4
Harmonised Consumer Prices (points) 101.53 102 103 103 102 103
CPI Housing Utilities (points) 102.60 103 103 103 103 104
CPI Transportation (points) 107.20 108 108 108 108 109

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Deposit Interest Rate (%) -0.44 -0.44 -0.44 -0.44 -0.44 -0.44

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (CHF Million) 4043.00 4550 3910 3800 3880 2460
Current Account (CHF Million) 24385.00 18700 16900 18900 16200 16700
Current Account to GDP (% of GDP) 3.80 5 5 5 5 4
Imports (CHF million) 17234.00 18250 18690 19000 19520 22640
Exports (CHF million) 21277.00 22800 22600 22800 23400 25100
Tourist Arrivals (Thousand) 1389.58 1320 1780 1750 1200 1500

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 42.90 44.6 44.6 44.6 44.6 43.4
Government Budget (% of GDP) -2.60 -0.2 -0.2 -0.2 -0.2 0.3
Government Budget Value (CHF Million) -16105.00 -450 -450 -450 -450 2400
Government Spending (CHF Million) 21619.77 22500 22608 23441 23000 23000
Government Spending to GDP (% of GDP) 36.20 32.8 32.8 32.8 32.8 32.4
Government Revenues (CHF Million) 232361.00 247080 247080 247080 247080 256680
Fiscal Expenditure (CHF Million) 248467.00 252590 252590 252590 252590 263390

Taxes Actual Q1 Q2 Q3 Q4 2023
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 Q1 Q2 Q3 Q4 2023
Business Confidence (points) 107.00 109 110 108 107 105
Manufacturing PMI (points) 62.70 56 56.5 55.8 55.1 55.1
Industrial Production (%) 8.30 6.2 5.5 4.8 4 3.6
Services PMI (points) 61.30 54.5 56 55.6 55.1 54
ZEW Economic Sentiment Index 9.50 15 12 18 15 15

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 3.80 4.5 5 3 1 1
Retail Sales MoM (%) 1.30 0.9 0.5 -0.7 0.6 0.5
Retail Sales YoY (%) 5.80 5.6 5.1 4.4 4.6 3.4
Consumer Spending (CHF Million) 93477.00 97635 92342 94453 98244 97467
Gasoline Prices (USD/Liter) 2.01 1.91 1.81 1.72 1.64 1.56
Consumer Credit (CHF Million) 976462.00 991663 1001686 1022807 1011615 1048033


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Switzerland Forecast - was last updated on Thursday, January 27, 2022.