Switzerland's gross domestic product shrank by 1.6 percent year-on-year in the fourth quarter of 2020, following a revised 1.4 percent contraction in the previous period and compared with market expectations of a 2.1 percent fall. source: State Secretariat for Economic Affairs
GDP Annual Growth Rate in Switzerland averaged 1.70 percent from 1981 until 2020, reaching an all time high of 6 percent in the first quarter of 1990 and a record low of -8 percent in the second quarter of 2020. This page provides - Switzerland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
GDP Annual Growth Rate in Switzerland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Switzerland to stand at 4.20 in 12 months time. In the long-term, the Switzerland GDP Annual Growth Rate is projected to trend around 2.20 percent in 2022, according to our econometric models.