Switzerland GDP Growth Rate  1980-2017 | Data | Chart | Calendar

Swiss economy grew 0.3 percent on quarter in the first quarter of 2016, following an upwardly revised 0.2 percent expansion in the previous period but slightly below market consensus of a 0.4 percent gain. It was the strongest expansion since the second quarter of 2016, supported by exports and business investment. Year-on-year, the economy expanded 1.1 percent, faster than an upwardly revised 0.7 percent growth in the prior quarter but below market expectations of 1.3 percent. GDP Growth Rate in Switzerland averaged 0.42 percent from 1980 until 2017, reaching an all time high of 2.10 percent in the fourth quarter of 1999 and a record low of -1.90 percent in the second quarter of 1982.

Switzerland GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-12-02 06:45 AM Q3 0.0% 0.6% 0.3% 0.5%
2017-03-02 06:45 AM Q4 0.1% 0.1% 0.5% 0.3%
2017-06-01 05:45 AM Q1 0.3% 0.2% 0.4% 0.5%
2017-09-05 05:45 AM Q2 0.3% 0.4%
2017-11-30 06:45 AM Q3 0.5%




Swiss Economy Expands 0.3% In Q1


Swiss economy grew 0.3 percent on quarter in the first quarter of 2016, following an upwardly revised 0.2 percent expansion in the previous period but slightly below market consensus of a 0.4 percent gain. It was the strongest expansion since the second quarter of 2016, supported by exports and business investment.

Exports of goods increased by 3.9 percent, reversing from a 3.5 percent decline in the previous quarter, mainly boosted by chemicals and pharmaceuticals and by the precision tools, watches and jewellery segment, which had its highest growth in six years. Exports of services also rose 3.2 percent after falling 1 percent in Q4 2016. Meanwhile, imports declined 1.5 percent, following a 0.2 percent increase in the previous period, as purchases of chemical and pharmaceutical products fell, while those of energy, machinery, precision instruments, watshes and jewelry rose.

Investment in equipment and software gained 1.7 percent, rebounding from a 0.5 percent drop in Q4 and investment in construction advanced 0.4 percent after falling 0.3 percent in the previous period.

Meanwhile, household consumption rose 0.1 percent, much slower than a 0.9 percent increase in the previous quarter. While spending on health supported the economy, the residential and energy contributed negatively to the GDP.

Government spending went up 0.4 percent, also weaker than a 0.9 percent rise in the prior quarter.

Year-on-year, the economy grew by 1.1 percent, faster than an upwardly revised 0.7 percent growth in the prior quarter but below market expectations of 1.3 percent. 


Seco l Rida Husna | rida@tradingeconomics.com
6/1/2017 10:05:16 AM



Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 2.10 -1.90 percent [+]
GDP Annual Growth Rate 1.10 0.70 5.40 -3.60 percent [+]
GDP 670.79 702.71 702.71 9.52 USD Billion [+]
GDP Constant Prices 166165.99 165721.63 166165.99 88530.28 CHF Million [+]
Gross Fixed Capital Formation 40569.70 40093.80 40569.70 18453.00 CHF Million [+]
GDP per capita 75582.00 75800.02 75800.02 54030.36 USD [+]
GDP per capita PPP 56517.45 56680.44 56680.44 45733.65 USD [+]


Switzerland GDP Growth Rate Notes

On the expenditure side, household consumption is the main component of 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. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 2.10 -1.90 1980 - 2017 percent Quarterly
SA, WDA



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.40 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15