The Swiss economy expanded 0.2% on quarter in the three months to September of 2022, picking up from a downwardly revised 0.1% growth in the previous quarter and below market forecasts of a 0.3% expansion. Despite soaring inflation in the period, above-average growth was seen for private consumption (0.7% vs 1.3% in Q2), particularly due to housing and energy, leisure, and non-food purchases. Although at a slower rate, growth also took place for government consumption (0.2% vs 0%). Further expansion was seen in investments in equipment (2.1% vs 1.7%), offsetting the decline in construction investment (-2% vs -1.1%). In the meantime, net foreign demand for services was positive, as the expansion for exports (11.1%) was sharper than that of imports (6.7%). The opposite is true for demand for goods, as import growth (7.7%) was higher than that for exports (3.5%). On the year, the economy expanded by 0.5%. source: State Secretariat for Economic Affairs

GDP Growth Rate in Switzerland averaged 0.43 percent from 1980 until 2022, reaching an all time high of 7.40 percent in the third quarter of 2020 and a record low of -7.10 percent in the second quarter of 2020. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

GDP Growth Rate in Switzerland is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland GDP Growth Rate is projected to trend around 0.40 percent in 2023, according to our econometric models.

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Switzerland GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-05 07:00 AM Q2 0.3% 0.5% 0.4% 0.5%
2022-11-29 08:00 AM Q3 0.2% 0.1% 0.3% 0.1%
2023-02-28 08:00 AM Q4 -0.4%


Related Last Previous Unit Reference
GDP Growth Rate 0.20 0.10 percent Sep 2022
GDP Annual Growth Rate 0.50 2.20 percent Sep 2022
GDP Constant Prices 186642.17 187053.09 CHF Million Sep 2022
Gross Fixed Capital Formation 48368.70 48380.40 CHF Million Sep 2022
Full Year GDP Growth 4.22 -2.38 percent Dec 2021

Switzerland GDP Growth Rate
On the expenditure side, household consumption is the main component of Swiss GDP and accounts for 54 percent of its total, followed by gross fixed capital formation (24 percent) and government expenditure (11 percent). Foreign trade adds 11 percent to GDP as exports account for 64 percent and imports for 53 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.10 7.40 -7.10 1980 - 2022 percent Quarterly
SA, WDA

News Stream
Swiss GDP Grows Less than Expected
The Swiss economy expanded 0.2% on quarter in the three months to September of 2022, picking up from a downwardly revised 0.1% growth in the previous quarter and below market forecasts of a 0.3% expansion. Despite soaring inflation in the period, above-average growth was seen for private consumption (0.7% vs 1.3% in Q2), particularly due to housing and energy, leisure, and non-food purchases. Although at a slower rate, growth also took place for government consumption (0.2% vs 0%). Further expansion was seen in investments in equipment (2.1% vs 1.7%), offsetting the decline in construction investment (-2% vs -1.1%). In the meantime, net foreign demand for services was positive, as the expansion for exports (11.1%) was sharper than that of imports (6.7%). The opposite is true for demand for goods, as import growth (7.7%) was higher than that for exports (3.5%). On the year, the economy expanded by 0.5%.
2022-11-29
Switzerland GDP Growth Slows More than Anticipated
The Swiss economy expanded 0.3% on quarter in the three months to June of 2022, following a 0.5% rise in the previous period, and below market forecasts of 0.4%. Most of the public health restrictions to contain the coronavirus were lifted at the beginning of April and the service industries that were most affected made a noticeable recovery, namely accommodation and food services (12.4%), with a rising number of tourists coming mainly from Europe and the US; arts, entertainment and recreation sector (1.4%); transport and communication (4.4%). On the other hand, a decline was still seen in financial services (-1.5%), trade (-2.1%) and manufacturing (-0.5%). On the consumption side, household spending jumped 1.4% while construction investment dropped 0.2% and exports of goods sank 11.5%. Year-on-year, the economy expanded 2.8%.
2022-09-05
Swiss GDP Grows More than Expected in Q1
Switzerland’s gross domestic product grew 0.5 percent on the quarter in the three months to March of 2022, following a downwardly revised 0.2 percent expansion in the previous period and surpassing market expectations of a 0.3 percent growth rate. The increase in GDP was largely due to increased private consumption (0.4 percent vs 0.3 percent in Q4) and government consumption (1.4 percent vs 1.3 percent). On the other hand, contraction was seen for construction investment (-0.7 percent vs -0.4 percent), and equipment and software investment (-3.1 percent vs 4.6 percent), while net external demand contributed negatively to the GDP, with imports of goods rising by 6.1 percent while exports gained a softer 2.1 percent. Year-on-year, the Swiss economy grew by 4.4 percent, picking up from an upwardly revised 3.6 percent in the prior quarter and above expectations of 4.3 percent.
2022-05-31