Switzerland’s GDP fell by 0.5% in the third quarter of 2025, reversing the upwardly revised 0.2% growth seen in the previous quarter. This marks the country’s first economic contraction since Q1 2024 and the steepest decline since the early months of the COVID-19 pandemic. The downturn was driven primarily by the chemical and pharmaceutical sector, where earlier export strength was followed by a significant decline due in part to US tariffs. Weakness in services activity compounded the slide, failing to counterbalance the broader industrial slowdown. On the expenditure side, goods exports dropped 4.2%, outpacing the 0.8% decline in imports. Investment also softened, with slight decreases in equipment and software (-0.1%) as well as construction (-0.2%). Government consumption edged down 0.2%, while private consumption offered a modest bright spot, rising 0.4%. Compared with a year earlier, GDP growth eased to 0.8% in Q3 from 1.5% in Q2. source: State Secretariat for Economic Affairs

The Gross Domestic Product (GDP) in Switzerland contracted 0.50 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Switzerland averaged 0.44 percent from 1980 until 2025, reaching an all time high of 6.10 percent in the third quarter of 2020 and a record low of -6.40 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 February of 2026.

The Gross Domestic Product (GDP) in Switzerland contracted 0.50 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Switzerland is expected to be 0.20 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 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-17 08:00 AM
QoQ Flash
Q3 -0.5% 0.1% 0.3%
2025-11-28 08:00 AM
QoQ Final
Q3 -0.5% 0.2% -0.4% -0.5%
2026-02-16 08:00 AM
QoQ Flash
Q4 -0.5% 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 1.20 1.20 percent Dec 2024
GDP Growth Rate YoY 0.80 1.50 percent Sep 2025
GDP Constant Prices 201557.59 202619.28 CHF Million Sep 2025
GDP Growth Rate -0.50 0.20 percent Sep 2025
Gross Fixed Capital Formation 52090.31 52165.17 CHF Million Sep 2025


Switzerland GDP Growth Rate
On the expenditure side, household consumption is the main component of Swiss 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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.20 6.10 -6.40 1980 - 2025 percent Quarterly
SA, WDA

News Stream
Switzerland Records Sharpest GDP Decline Since 2020
Switzerland’s GDP fell by 0.5% in the third quarter of 2025, reversing the upwardly revised 0.2% growth seen in the previous quarter. This marks the country’s first economic contraction since Q1 2024 and the steepest decline since the early months of the COVID-19 pandemic. The downturn was driven primarily by the chemical and pharmaceutical sector, where earlier export strength was followed by a significant decline due in part to US tariffs. Weakness in services activity compounded the slide, failing to counterbalance the broader industrial slowdown. On the expenditure side, goods exports dropped 4.2%, outpacing the 0.8% decline in imports. Investment also softened, with slight decreases in equipment and software (-0.1%) as well as construction (-0.2%). Government consumption edged down 0.2%, while private consumption offered a modest bright spot, rising 0.4%. Compared with a year earlier, GDP growth eased to 0.8% in Q3 from 1.5% in Q2.
2025-11-28
Swiss Q3 GDP Records First Contraction Since 2023
Switzerland's economy contracted by 0.5% quarter-on-quarter in the third quarter of 2025, reversing the 0.1% growth recorded in the previous three-month period, flash estimates showed. It marked the first economic contraction since the second quarter of 2023, reflecting the significant strain imposed by the 39% US tariff introduced in early August that heavily impacted the export-oriented economy. With officials securing a trade agreement last week that reduces the tariff to 15%, pressure on key Swiss export industries is expected to ease and raises the prospect of a rebound in the coming quarters. The contraction was driven largely by a steep decline in value added within the chemical and pharmaceutical sector, while the industrial sector overall also posted negative growth. Moreover, the services sector expanded at a slower-than-average pace.
2025-11-17
Swiss GDP Growth Confirmed at 0.1% in Q2
Switzerland’s GDP grew just 0.1% in Q2 2025, in line with preliminary estimates, and slowing from 0.7% in Q1 as weakness in industry and exports outweighed gains in services. Manufacturing contracted sharply (-2.4%), led by a 4.8% drop in chemicals and pharmaceuticals after a strong Q1 surge tied to US trade policy shifts. Exports fell 2.7% and imports 3.7%. By contrast, services expanded broadly: hospitality (+1.5%), public administration (+1.2%), trade (+1.9%) and healthcare (+0.3%) supported modest domestic demand (+0.1%). Private consumption rose 0.3%, while government spending grew 0.9%. Construction (-0.4%) and equipment investment (-0.8%) declined, reflecting weakness in capital goods, particularly aircraft and R&D. SECO revised its outlook, warning that new US tariffs will weigh on growth. Projections now see GDP at 1.2% in 2025 and just 0.8% in 2026, versus earlier forecasts of 1.3% and 1.2%. While a severe recession is unlikely, certain industries face significant strain.
2025-08-28