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%. source: State Secretariat for Economic Affairs

GDP Growth Rate in Switzerland averaged 0.44 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 October of 2022.

GDP Growth Rate in Switzerland is expected to be 0.10 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
2022-05-31 07:00 AM Q1 0.5% 0.2% 0.3% 0.3%
2022-09-05 07:00 AM Q2 0.3% 0.5% 0.4% 0.5%
2022-11-29 08:00 AM Q3 0.3% 0.1%


Related Last Previous Unit Reference
GDP Growth Rate 0.30 0.50 percent Jun 2022
GDP Annual Growth Rate 2.80 4.70 percent Jun 2022
GDP Constant Prices 187053.09 186570.43 CHF Million Jun 2022
Gross Fixed Capital Formation 48380.40 47588.60 CHF Million Jun 2022
Full Year GDP Growth 3.69 -2.39 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
0.30 0.50 7.40 -7.10 1980 - 2022 percent Quarterly
SA, WDA

News Stream
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
Swiss GDP Grows Less than Expected in Q4
Switzerland’s gross domestic product grew 0.3 percent on the quarter in the three months to December 2021, following an upwardly revised 1.9 percent expansion in the previous period and slightly below market expectations of a 0.4 percent growth rate. Private consumption (0.3 percent vs 2.7 percent in Q3) eased and investment in construction (-0.1 percent vs unchanged) shrank. At the same time, net external demand contributed negatively to the GDP, with exports decreasing and imports expanding in the fourth quarter. Conversely, growth took place for government consumption (1 percent vs -0.4 percent) and equipment and equipment and software investment (2.4 percent vs -1.9 percent). Year-on-year, the economy expanded 3.7 percent, easing from a downwardly revised 3.8 percent rise in the previous quarter and in line with forecasts. Considering the full 2021, the Swiss economy grew 3.7 percent, more than recovering from the 2.4 percent contraction in 2020 brought by the pandemic.
2022-02-28