Switzerland Current Account Surplus Hits 1-Year High

2026-09-22 07:24 By Mariene Camarillo 1 min. read

Switzerland’s current account surplus widened to CHF 23.7 billion in the second quarter of 2026 from a downwardly revised CHF 10.2 billion in the corresponding quarter of the previous year.

This marked the largest surplus since the first quarter of 2025, as the goods account surplus increased to CHF 29.7 billion from CHF 17.1 billion, while the primary income account swung to a surplus of CHF 0.3 billion from a deficit of CHF 1.7 billion, largely driven by higher investment income of CHF 8.3 billion from CHF 6.5 billion, while the labour income deficit remained unchanged at CHF 8.2 billion.

Additionally, the secondary income deficit narrowed to CHF 1.7 billion from CHF 2.9 billion a year earlier.

On the other hand, the services account deficit widened to CHF 4.4 billion from CHF 2.2 billion.



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Switzerland Current Account Surplus Hits 1-Year High
Switzerland’s current account surplus widened to CHF 23.7 billion in the second quarter of 2026 from a downwardly revised CHF 10.2 billion in the corresponding quarter of the previous year. This marked the largest surplus since the first quarter of 2025, as the goods account surplus increased to CHF 29.7 billion from CHF 17.1 billion, while the primary income account swung to a surplus of CHF 0.3 billion from a deficit of CHF 1.7 billion, largely driven by higher investment income of CHF 8.3 billion from CHF 6.5 billion, while the labour income deficit remained unchanged at CHF 8.2 billion. Additionally, the secondary income deficit narrowed to CHF 1.7 billion from CHF 2.9 billion a year earlier. On the other hand, the services account deficit widened to CHF 4.4 billion from CHF 2.2 billion.
2026-09-22
Swiss Current Account Surplus Narrows in Q1
Switzerland’s current account surplus narrowed sharply to CHF 15.5 billion in the first quarter of 2026, down from CHF 26.7 billion in the corresponding period of the previous year. The goods account surplus shrank by CHF 11.7 billion to CHF 26.2 billion from CHF 37.9 billion, while the primary income deficit widened to CHF 5.4 billion from CHF 4.8 billion, largely driven by a larger labor income deficit of CHF 8.04 billion and a sharp decline in investment income to CHF 2.7 billion. Additionally, the secondary income deficit increased to CHF 2.3 billion from CHF 1.9 billion a year earlier. On the other hand, the services account deficit decreased to CHF 2.9 billion from CHF 4.6 billion
2026-06-23
Swiss Current Account Surplus Smallest in 2Y
Switzerland’s current account surplus narrowed sharply to CHF 7.0 billion in the fourth quarter of 2025, down from CHF 23.5 billion in the same period a year earlier. This marks the smallest figure in two years, as the goods surplus fell to a more than five-year low of CHF 15.2 billion from CHF 29.1 billion in the fourth quarter of 2024, while the primary income surplus eased to CHF 1.3 billion from CHF 1.5 billion. Meanwhile, the services deficit widened to CHF 6.7 billion from CHF 4.6 billion, and the secondary income shortfall increased to CHF 2.9 billion from CHF 2.6 billion. For the full year, the current account surplus declined to CHF 61.7 billion from CHF 76.2 billion in 2024.
2026-03-24