The Gross Domestic Product in Switzerland contracted 0.50 percent in the first quarter of 2021 over the same quarter of the previous year. It marks the 5th consecutive quarter of falling economic activity due to the coronavirus pandemic. source: State Secretariat for Economic Affairs
GDP Annual Growth Rate in Switzerland averaged 1.69 percent from 1981 until 2021, reaching an all time high of 6 percent in the first quarter of 1990 and a record low of -7.40 percent in the second quarter of 2020. This page provides - Switzerland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Annual Growth Rate in Switzerland is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Switzerland to stand at 5.60 in 12 months time. In the long-term, the Switzerland GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 2.20 percent in 2023, according to our econometric models.