Markets Actual Q3 Q4 Q1 Q2 2021
Currency 0.92 0.93 0.93 0.94 0.94 0.95
Stock Market (points) 10229.30 10127 9949 9774 9602 9257
Government Bond 10Y (%) -0.51 0.05 0.1 0.16 0.23 0.36

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.30 5.5 1.7 1.2 0.6 0.5
GDP Annual Growth Rate (%) -8.30 -4.4 -3.2 2.5 7.5 4.2
Unemployment Rate (%) 3.30 3.5 4.6 4.5 4.3 3.6
Inflation Rate (%) -0.90 -0.9 -0.6 -0.2 0.2 0.2
Inflation Rate Mom (%) 0.00 -0.1 -0.2 0.3 0.2 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 3413.62 3240 1580 2980 3200 3480
Current Account (CHF Million) 9877.53 19100 19500 20800 17800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.8 7.8 7.8
Government Debt to GDP (%) 41.00 51 51 48 48 48
Government Budget (% of GDP) 1.50 -6.2 -6.2 -2.8 -2.8 -2.8
Business Confidence (points) 110.20 107 100 95 97 94
Manufacturing PMI (points) 51.80 52.4 47 50.5 53.2 53.6
Consumer Confidence (points) -12.00 -16 -14 -12 -10 -8
Retail Sales MoM (%) 0.70 -1.2 0.5 1.1 0.6 0.5
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.30 5.5 1.7 1.2 0.6 0.5
GDP Annual Growth Rate (%) -8.30 -4.4 -3.2 2.5 7.5 4.2
GDP (USD Billion) 703.08 650 650 695 695 695
GDP Constant Prices (CHF Million) 160985.62 174538 174074 179793 173060 181385
Gross Fixed Capital Formation (CHF Million) 39178.60 41689 42785 44026 42117 44582
GDP per capita (USD) 79406.70 77200 77200 78200 78200 78200
GDP per capita PPP (USD) 68627.80 66500 66500 67500 67500 67500

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.30 3.5 4.6 4.5 4.3 3.6
Wages (CHF/Month) 6304.00 6211 6317 6336 6373 6392
Wages in Manufacturing (points) 112.90 112 113 113 114 114
Population (Million) 8.54 8.6 8.6 8.66 8.66 8.66
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.40 1.6 1.9 2.1 1.8 1.7
Non Farm Payrolls (Thousand) 5095.00 4790 4610 4650 4750 4890
Wage Growth (%) 0.90 -0.6 0.2 0.5 1.1 1.2

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.90 -0.9 -0.6 -0.2 0.2 0.2
Inflation Rate Mom (%) 0.00 -0.1 -0.2 0.3 0.2 0.3
Consumer Price Index CPI (points) 101.21 101 101 101 102 101
Core Consumer Prices (points) 100.79 101 101 102 102 102
Core Inflation Rate (%) -0.40 -0.3 0.2 0.5 0.6 0.7
Producer Prices (points) 98.10 97.87 98.68 98.84 98.34 99.56
Producer Prices Change (%) -3.50 -3.2 -2 -0.6 0.2 0.9
Food Inflation (%) 0.20 0.1 0.2 0.6 0.4 1
Cpi Housing Utilities (points) 103.30 103 103 103 104 104
CPI Transportation (points) 99.48 102 102 102 99.47 102
Harmonised Consumer Prices (points) 100.54 101 101 101 101 101

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.76 -0.76 -0.76 -0.76 -0.76 -0.76
Deposit Interest Rate (%) -0.37 -0.37 -0.37 -0.37 -0.37 -0.37

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (CHF Million) 3413.62 3240 1580 2980 3200 3480
Current Account (CHF Million) 9877.53 19100 19500 20800 17800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.8 7.8 7.8
Imports (CHF million) 14914.47 14780 15620 16120 16500 18420
Exports (CHF million) 18328.09 18020 17200 19100 19700 21900
Tourist Arrivals (Thousand) 1540.00 1290 690 950 1500 910

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 41.00 51 51 48 48 48
Government Budget (% of GDP) 1.50 -6.2 -6.2 -2.8 -2.8 -2.8
Government Budget Value (CHF Million) 8097.00 -2200 -2200 -840 -840 -840
Government Spending (CHF Million) 20428.04 22500 25100 25600 24800 22500
Government Spending to GDP (%) 32.70 37 37 36 36 36

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 7.70 7.7 7.7 7.7 7.7 7.7
Social Security Rate (%) 12.00 12 12 12 12 12
Social Security Rate For Companies (%) 6.00 6 6 6 6 6
Social Security Rate For Employees (%) 6.00 6 6 6 6 6

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 110.20 107 100 95 97 94
Manufacturing PMI (points) 51.80 52.4 47 50.5 53.2 53.6
Industrial Production (%) -8.60 -7.2 -2.8 2.5 7.5 5.1
Services Pmi (points) 51.70 52.5 48 51 52.8 54
Zew Economic Sentiment Index 45.60 40.2 15 18 16 14

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -12.00 -16 -14 -12 -10 -8
Retail Sales MoM (%) 0.70 -1.2 0.5 1.1 0.6 0.5
Retail Sales YoY (%) 4.10 -2.8 -1.2 4.5 2.2 4.8
Consumer Spending (CHF Million) 82029.70 91909 91172 92025 88182 95001
Consumer Credit (CHF Million) 910322.00 871782 870285 921988 975679 906837
Gasoline Prices (USD/Liter) 1.58 1.5 1.43 1.35 1.29 1.22


This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy.