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

The Swiss economy advanced 0.3 percent on quarter in the June quarter of 2017, following a downwardly revised 0.1 percent expansion in the previous period and missing market expectations of a 0.5 percent growth. Expansion was mainly supported by domestic demand while investment growth slowed and net trade contributed negatively to the GDP. Year-on-year, the economy also grew by 0.3 percent, slowing from a 0.6 percent expansion in the prior quarter and missing estimates of 1.1 percent. It was the weakest yearly figure since the December quarter 2009. 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
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Swiss Q2 GDP Growth Below Estimates


Swiss economy advanced 0.3 percent on quarter in the June quarter of 2017, following a downwardly revised 0.1 percent growth in the previous period while market estimated a a 0.5 percent growth. Expansion was mainly supported by domestic demand while investment growth slowed and net trade contributed negatively to the GDP.

In the three months to June, household consumption rose 0.2 percent, slightly faster than a 0.1 percent increase in the previous quarter. Spending went up particularly for health care, housing and energy as well as restaurants and hotels. Meantime, consumption fell for: clothing and footwear as well as furniture and interior equipment.

Government spending increased by 0.3 percent, following a 0.2 percent rise in the prior quarter.

Investment in equipment and software gained 0.3 percent, much slower than a 1.4 percent increase in Q1 while investment in construction expanded by 0.8 percent, after growing 0.2 percent in the previous period.

Exports of goods rose 0.5 percent, slowing sharply from a 5.7 percent rise in the previous quarter,  mainly supported by sales of precision instruments, watches and jewelry. On the other hand, exports of services declined by 0.3 percent, after a 9.3 percent drop in the March quarter. Meanwhile, imports jumped by 5.5 percent, swinging from a 0.8 percent fall in the previous period. Purchases increased mainly for chemical and pharmaceutical products. 

Year-on-year, the economy also grew by 0.3 percent, slowing sharply from a downwardly revised 0.6 percent expansion in the prior quarter and missing estimates of a 1.1 percent growth. It was the weakest yearly figure since the December quarter 2009.  


Seco l Rida Husna | rida@tradingeconomics.com
9/5/2017 4:26:14 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-03-02 06:45 AM GDP Growth Rate QoQ 0.1% 0.1% 0.5% 0.3%
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 0.3% 0.5%


Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.10 2.30 -1.60 percent [+]
GDP Annual Growth Rate 0.30 0.60 5.80 -3.40 percent [+]
GDP 659.83 670.79 702.71 9.52 USD Billion [+]
GDP Constant Prices 168178.01 167700.40 168178.01 89780.29 CHF Million [+]
Gross Fixed Capital Formation 41645.50 41434.00 41645.50 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 2.30 -1.60 1980 - 2017 percent Quarterly
SA, WDA




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17