Switzerland GDP Growth Rate 1980-2018 | Data | Chart | Calendar

The Swiss economy grew by 0.6 percent on quarter in the last three months of 2017, following an upwardly revised 0.7 percent expansion in the previous period and in line with market expectations. Growth was underpinned by consumption and investment in construction but was hindered by investment in equipment and foreign trade. GDP Growth Rate in Switzerland averaged 0.43 percent from 1980 until 2017, reaching an all time high of 2.30 percent in the fourth quarter of 1999 and a record low of -1.60 percent in the fourth quarter of 2008.

Switzerland GDP Growth Rate
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Swiss Economy Grows 0.6% in Q4


The Swiss economy grew by 0.6 percent on quarter in the last three months of 2017, following an upwardly revised 0.7 percent expansion in the previous period and in line with market expectations.

In the fourth quarter, household consumption rose by 0.2 percent, following a 0.4 percent increase in the third quarter, mainly driven by healthcare, housing and energy as well as hotel and restaurant services. Also, government spending went up by 0.5 percent, after a 0.4 percent advance in the previous period. In addition, construction investment jumped by 1.1 percent, much faster than a 0.2 percent rise in the previous period; while equipment and software investment contracted by 1.3 percent, the first fall in almost three year, after a 1.3 percent growth in Q3, due to a sharp decline in the volatile research and development heading.

Net foreign demand contributed negatively, as exports dropped for both goods (-1.4 percent vs 4.2 percent in Q3) and services (-2.7 percent vs 1.7 percent). Meanwhile, imports of goods jumped 4.4 percent (vs -0.9 percent in Q3) and those of services fell 5.1 percent (vs -0.7 percent in Q3).

Year-on-year, the GDP rose by 1.9 percent in the fourth quarter, following an increase of 1.2 percent in the previous period and beating market expectations of 1.8 percent.

Considering 2017 full year, the economy grew by 1.0 percent, compared with 1.4 percent in 2016. After a sluggish start to the year, the economic recovery became more broad-based and gained momentum in the second half of the year.


SECO l Rida Husna |
3/1/2018 12:48:54 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-05 05:45 AM GDP Growth Rate QoQ 0.3% 0.1% 0.5% 0.6%
2017-11-30 06:45 AM GDP Growth Rate QoQ 0.6% 0.4% 0.5% 0.5%
2018-03-01 06:45 AM GDP Growth Rate QoQ 0.6% 0.7% 0.6% 0.7%
2018-05-31 05:45 AM GDP Growth Rate QoQ 0.6% 0.60%
2018-09-06 05:45 AM GDP Growth Rate QoQ 0.60%
2018-11-29 06:45 AM GDP Growth Rate QoQ 0.60%


Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 2.30 -1.60 percent [+]
GDP Annual Growth Rate 1.90 1.20 5.80 -3.40 percent [+]
GDP 659.83 670.79 702.71 9.52 USD Billion [+]
GDP Constant Prices 170785.68 169771.63 170785.68 89780.29 CHF Million [+]
Gross Fixed Capital Formation 42327.20 42479.10 42479.10 18653.80 CHF Million [+]
GDP per capita 75725.65 75572.83 75799.61 54030.07 USD [+]
GDP per capita PPP 56625.14 56510.86 56680.44 45733.65 USD [+]


Switzerland GDP Growth Rate

On the expenditure side, household consumption is the main component of 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. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 2.30 -1.60 1980 - 2017 percent Quarterly
SA, WDA




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Netherlands 0.80 Dec/17
Spain 0.70 Mar/18
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
France 0.30 Mar/18
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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