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. source: State Secretariat for Economic Affairs

GDP Growth Rate in Switzerland averaged 0.45 percent from 1980 until 2021, reaching an all time high of 6.40 percent in the third quarter of 2020 and a record low of -6.20 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 May of 2022.

GDP Growth Rate in Switzerland is expected to be 0.20 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 0.80 percent in 2023 and 0.40 percent in 2024, according to our econometric models.

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Switzerland GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-11-26 08:00 AM Q3 1.7% 1.8% 2% 2.1%
2022-02-28 08:00 AM Q4 0.3% 1.9% 0.4% 0.5%
2022-05-31 07:00 AM Q1 0.3% 0.3% 0.3%


Related Last Previous Unit Reference
GDP Growth Rate 0.30 1.90 percent Dec 2021
GDP Annual Growth Rate 3.70 3.80 percent Dec 2021
GDP Constant Prices 187504.32 186463.09 CHF Million Dec 2021
Gross Fixed Capital Formation 47382.80 46852.90 CHF Million Dec 2021
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 1.90 6.40 -6.20 1980 - 2021 percent Quarterly
SA, WDA

News Stream
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
Swiss Economy Grows Less than Expected in Q3
Switzerland's gross domestic product grew 1.7 percent on quarter in the three months to September 2021, following a 1.8 percent expansion in the previous period and below market expectations of 2 percent. Private consumption (2.7 percent vs 4 percent in Q2) and investment in construction (0.1 percent vs 0.3 percent) slowed while equipment and software investment declined (-1.3 percent vs 3.2 percent). Also, government consumption fell (-1.5 percent vs 4.1 percent) and net external demand contributed negatively to the GDP, with exports rising less than imports. Year-on-year, the economy expanded 4.1 percent, slowing from an 8.6 percent advance in the previous quarter and but above forecasts of 3.2 percent.
2021-11-26
Switzerland GDP Rebounds in Q2
The economy of Switzerland expanded 1.8% on quarter in the three months to June 2021, rebounding from a downwardly revised 0.4% drop in the previous period, as many coronavirus restrictions were lifted or relaxed. It compares with market forecasts of a 2% growth. The service sector recovered, boosted by the hotel and catering industry (48.9%) as catering establishments have been allowed to gradually reopen and domestic tourism has restarted, although the value created by the sector is still about half of that before the crisis. Other increases were also seen in the art, entertainment and leisure sector (52.9%), trade (4.8%) and transportation (1.9%) while financial services fell 0.7%. Meanwhile, private spending surged 4.1%, public expenditure 5.5% due to extraordinary spending to deal with the pandemic and investment in capital goods 1.6%. Year-on-year, the economy expanded at a record 7.7%, although below forecasts of 9%.
2021-09-02