Markets Actual Q3 Q4 Q1 Q2 2022
Currency 0.93 0.94 0.94 0.95 0.95 0.96
Stock Market (points) 11814.40 11723 11498 11277 11061 10641
Government Bond 10Y (%) -0.16 0.02 0.05 0.07 0.1 0.12

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.80 4.1 1.6 1.2 0.8 0.8
GDP Annual Growth Rate (%) 7.70 4.6 4.2 5.6 6.8 3.6
Unemployment Rate (%) 2.70 2.7 3 3.2 3.3 3.2
Inflation Rate (%) 0.90 1 1.1 0.8 0.7 0.7
Inflation Rate Mom (%) 0.20 0.1 0.3 0.4 0.3 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 4465.00 4100 4000 4050 3910 3880
Current Account (CHF Million) 10508.00 17600 17500 18700 16900 16200
Current Account to GDP (% of GDP) 3.80 4.5 4.5 5 5 5
Government Debt to GDP (% of GDP) 42.90 45.8 45.8 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -3.8 -0.2 -0.2 -0.2
Business Confidence (points) 113.50 111 115 109 110 107
Manufacturing PMI (points) 67.70 65.1 57.5 56 56.5 55.1
Consumer Confidence (points) 7.80 6 4.5 2.5 5 1
Retail Sales MoM (%) -2.80 -1 1.2 0.9 0.5 0.6
Corporate Tax Rate (%) 14.93 14.93 14.93 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.80 4.1 1.6 1.2 0.8 0.8
GDP Annual Growth Rate (%) 7.70 4.6 4.2 5.6 6.8 3.6
GDP (USD Billion) 747.97 795 795 850 850 850
GDP Constant Prices (CHF Million) 182933.62 188934 188100 189772 195373 194872
Gross Fixed Capital Formation (CHF Million) 47061.30 48594 48730 49164 50261 50484
GDP per capita (USD) 80132.43 82200 82200 83400 83400 83400
GDP per capita PPP (USD) 68393.31 70500 70500 71600 71600 71600

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.70 2.7 3 3.2 3.3 3.2
Wages (CHF/Month) 6354.00 6266 6405 6443 6430 6507
Wages in Manufacturing (points) 114.30 112 115 116 116 117
Population (Million) 8.61 8.66 8.66 8.72 8.72 8.72
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.70 2 2.1 1.9 1.7 1.8
Non Farm Payrolls (Thousand) 5126.00 5150 5180 5210 5200 5270
Wage Growth (%) -0.80 -0.6 0.8 1.4 1.2 1.6

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.90 1 1.1 0.8 0.7 0.7
Inflation Rate Mom (%) 0.20 0.1 0.3 0.4 0.3 0.3
Consumer Price Index CPI (points) 101.27 101 101 101 102 102
Core Consumer Prices (points) 100.52 100 101 101 102 102
Core Inflation Rate (%) 0.40 0.4 0.6 0.8 1 1.2
Producer Prices (points) 103.87 104 104 104 107 107
Producer Prices Change (%) 4.40 4.7 4.3 3.6 3.8 2.5
Food Inflation (%) -1.20 -0.7 0.2 0.6 1 1.1
Cpi Housing Utilities (points) 101.63 101 101 102 102 102
CPI Transportation (points) 105.34 100 101 104 105 102
Harmonised Consumer Prices (points) 101.12 101 101 101 102 102

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Deposit Interest Rate (%) -0.43 -0.43 -0.43 -0.43 -0.43 -0.43

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CHF Million) 4465.00 4100 4000 4050 3910 3880
Current Account (CHF Million) 10508.00 17600 17500 18700 16900 16200
Current Account to GDP (% of GDP) 3.80 4.5 4.5 5 5 5
Imports (CHF million) 16445.00 17400 17900 18250 18690 19520
Exports (CHF million) 20910.00 21500 21900 22300 22600 23400
Tourist Arrivals (Thousand) 1622.40 1490 910 1320 1780 1200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 42.90 45.8 45.8 44.6 44.6 44.6
Government Budget (% of GDP) -2.60 -3.8 -3.8 -0.2 -0.2 -0.2
Government Budget Value (CHF Million) -16105.00 -17420 -17420 -5510 -5510 -5510
Government Spending (CHF Million) 22582.64 21304 21786 22608 24118 22570
Government Spending to GDP (% of GDP) 36.20 37 37 32.8 32.8 32.8
Government Revenues (CHF Million) 232361.00 238710 238710 247080 247080 247080
Fiscal Expenditure (CHF Million) 248467.00 256130 256130 252590 252590 252590

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 14.93 14.93 14.93 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 7.70 7.7 7.7 7.7 7.7 7.7
Social Security Rate (%) 12.80 12.8 12.8 12.8 12.8 12.8
Social Security Rate For Companies (%) 6.40 6.4 6.4 6.4 6.4 6.4
Social Security Rate For Employees (%) 6.40 6.4 6.4 6.4 6.4 6.4

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 113.50 111 115 109 110 107
Manufacturing PMI (points) 67.70 65.1 57.5 56 56.5 55.1
Industrial Production (%) 15.70 9.1 4.5 6.2 5.5 4
Services PMI (points) 61.30 60.5 57.6 54.5 56 55.1
Zew Economic Sentiment Index -7.80 -12 1 15 12 15

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 7.80 6 4.5 2.5 5 1
Retail Sales MoM (%) -2.80 -1 1.2 0.9 0.5 0.6
Retail Sales YoY (%) -2.60 4.5 4.8 5.6 5.1 4.6
Consumer Spending (CHF Million) 90994.90 95986 94080 92342 97183 97467
Consumer Credit (CHF Million) 968058.00 957914 964860 991663 1033886 999595
Gasoline Prices (USD/Liter) 1.94 1.84 1.75 1.66 1.58 1.5


This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy.