Switzerland's gross domestic product grew 1.7 percent on quarter in the three months to September 2021, following a 1.8 percent expansion in the previous period and below market expectations of 2 percent. Private consumption (2.7 percent vs 4 percent in Q2) and investment in construction (0.1 percent vs 0.3 percent) slowed while equipment and software investment declined (-1.3 percent vs 3.2 percent). Also, government consumption fell (-1.5 percent vs 4.1 percent) and net external demand contributed negatively to the GDP, with exports rising less than imports. Year-on-year, the economy expanded 4.1 percent, slowing from an 8.6 percent advance in the previous quarter and but above forecasts of 3.2 percent. source: State Secretariat for Economic Affairs
GDP Growth Rate in Switzerland averaged 0.45 percent from 1980 until 2021, reaching an all time high of 6.40 percent in the third quarter of 2020 and a record low of -6.20 percent in the second quarter of 2020. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Growth Rate in Switzerland is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 0.40 percent in 2023, according to our econometric models.