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

The Swiss economy advanced 0.6 percent on quarter in the three months to September of 2017, following an upwardly revised 0.4 percent growth in the previous period and beating market expectations of 0.5 percent. It was the strongest pace of expansion since the fourth quarter of 2014, mainly supported by consumption, equipment investment and net exports. Year-on-year, the economy grew 1.2 percent, following an upwardly revised 0.5 percent expansion in the previous period and beating market expectations of 0.7 percent. GDP Growth Rate in Switzerland averaged 0.42 percent from 1980 until 2017, reaching an all time high of 2.30 percent in the fourth quarter of 1999 and a record low of -1.60 percent in the fourth quarter of 2008.

Switzerland GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Swiss Q3 GDP Growth Strongest in Nearly 3 Years


The Swiss economy advanced 0.6 percent on quarter in the three months to September of 2017, following an upwardly revised 0.4 percent growth in the previous period and beating market expectations of 0.5 percent. It was the strongest pace of expansion since the fourth quarter of 2014, mainly supported by consumption, equipment investment and net exports.

Household consumption rose 0.4 percent, faster than a 0.2 percent increase in the previous quarter, boosted by higher spending on healthcare, housing and energy as well as leisure time and culture. Also, government spending increased by 0.5 percent, following a 0.3 percent rise in the prior quarter.

Investment in equipment expanded by 0.9 percent, the same as in Q2, particularly in machinery and in IT. On the other hand, investment in construction declined by 0.1 percent, after growing 0.6 percent in the previous period.

Net foreign demand contributed positively, as exports of goods rose 2.1 percent, much stronger than a 0.7 percent rise in the previous quarter, with sales of chemical and pharmaceutical products, energy, machinery, equipment and electronics as well as merchanting providing a significant boost to growth. In contrast, exports of services declined by 0.4 percent, after a 0.5 percent drop in the June quarter. 

Imports dropped 1.6 percent after a 5 percent jump in the previous period, due to declining imports of vehicles and chemical and pharmaceutical products. Imports of services decreased 0.7 percent, following a 2.2 percent gain in Q2, including in the tourism sector.

Year-on-year, the economy grew 1.2 percent, following an upwardly revised 0.5 percent expansion in the previous period and beating market expectations of 0.7 percent.


SECO l Rida Husna | rida@tradingeconomics.com
11/30/2017 10:31:52 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-01 05:45 AM GDP Growth Rate QoQ 0.3% 0.2% 0.4% 0.5%
2017-09-05 05:45 AM GDP Growth Rate QoQ 0.3% 0.1% 0.5% 0.6%
2017-11-30 06:45 AM GDP Growth Rate QoQ 0.6% 0.4% 0.5% 0.5%
2018-03-02 06:45 AM GDP Growth Rate QoQ 0.6%
2018-06-01 05:45 AM GDP Growth Rate QoQ
2018-09-05 05:45 AM GDP Growth Rate QoQ


Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.40 2.30 -1.60 percent [+]
GDP Annual Growth Rate 1.20 0.50 5.80 -3.40 percent [+]
GDP 659.83 670.79 702.71 9.52 USD Billion [+]
GDP Constant Prices 169605.09 168552.84 169605.09 89780.29 CHF Million [+]
Gross Fixed Capital Formation 41938.10 41735.20 41938.10 18653.80 CHF Million [+]
GDP per capita 75725.65 75572.83 75799.61 54030.07 USD [+]
GDP per capita PPP 56625.14 56510.86 56680.44 45733.65 USD [+]


Switzerland GDP Growth Rate

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.40 2.30 -1.60 1980 - 2017 percent Quarterly
SA, WDA




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17