The Gross Domestic Product (GDP) in Switzerland contracted 1.30 percent in the first quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Switzerland averaged 1.74 percent from 1981 until 2020, reaching an all time high of 5.80 percent in the first quarter of 1990 and a record low of -3.70 percent in the second quarter of 2009. 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 August of 2020.
GDP Annual Growth Rate in Switzerland is expected to be -8.70 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 2.50 in 12 months time. In the long-term, the Switzerland GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021 and 2.20 percent in 2022, according to our econometric models.