Switzerland’s gross domestic product grew 0.3 percent on the quarter in the three months to December 2021, following an upwardly revised 1.9 percent expansion in the previous period and slightly below market expectations of a 0.4 percent growth rate. Private consumption (0.3 percent vs 2.7 percent in Q3) eased and investment in construction (-0.1 percent vs unchanged) shrank. At the same time, net external demand contributed negatively to the GDP, with exports decreasing and imports expanding in the fourth quarter. Conversely, growth took place for government consumption (1 percent vs -0.4 percent) and equipment and equipment and software investment (2.4 percent vs -1.9 percent). Year-on-year, the economy expanded 3.7 percent, easing from a downwardly revised 3.8 percent rise in the previous quarter and in line with forecasts. Considering the full 2021, the Swiss economy grew 3.7 percent, more than recovering from the 2.4 percent contraction in 2020 brought by the pandemic. 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 May of 2022.
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 0.80 percent in 2023 and 0.40 percent in 2024, according to our econometric models.