The current account surplus in Switzerland rose to CHF 25.8 billion in the fourth quarter of 2019 from CHF 14.7 billion a year earlier. This was the largest current account surplus since at least Q1 1972, as the goods surplus went up to CHF 18.3 billion from CHF 16.4 billion, mainly due to higher exports of non-monetary gold; and the services surplus rose to CHF 3.7 billion from CHF 3.4 billion in the fourth quarter of 2018. Meantime, the primary income balance shifted to a surplus of CHF 6.6 billion compared to a deficit of CHF 2.3 billion and the secondary income gap remained unchanged at CHF 2.8 billion. Considering the full year of 2019, the current account surplus widened to CHF 86 billion from CHF 57 billion a year ago.
Current Account in Switzerland averaged 8175.12 CHF Million from 1972 until 2019, reaching an all time high of 25834.98 CHF Million in the fourth quarter of 2019 and a record low of -2851.91 CHF Million in the first quarter of 2009. This page provides - Switzerland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020.
Current Account in Switzerland is expected to be 18200.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Switzerland to stand at 19500.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 17500.00 CHF Million in 2021, according to our econometric models.