Markets Actual Q3 Q4 Q1 Q2 2023
Currency 0.96 0.98 0.99 1.01 1.01 1.03
Stock Market (points) 10770.40 10274 10010 9753 9753 9258
Government Bond 10Y (%) 0.89 1.58 1.74 1.91 1.91 2.31

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.50 1 0.8 0.4 0.4 0.8
GDP Annual Growth Rate (%) 4.40 5.1 3.6 3.4 3.4 3.1
Unemployment Rate (%) 2.10 3.2 3.2 3.1 3.1 2.8
Inflation Rate (%) 2.90 2.7 2.1 1.3 1 -0.2
Inflation Rate Mom (%) 0.70 0.2 0.3 0.4 0.4 0.3
Interest Rate (%) -0.25 0 0 0.5 0.5 1
Balance of Trade (CHF Million) 2023.00 3910 3800 3880 3900 2460
Current Account (CHF Million) 19049.94 18900 16200 16500 16500 16700
Current Account to GDP (% of GDP) 3.80 5 5 4 4 4
Government Debt to GDP (% of GDP) 41.40 44.6 44.6 44.6 44.6 43.4
Government Budget (% of GDP) -0.70 -0.2 -0.2 0.3 0.3 0.3
Business Confidence (points) 96.90 108 107 106 106 105
Manufacturing PMI (points) 59.10 62.3 60.8 56.8 56.8 55.1
Consumer Confidence (points) -18.50 3 1 1.3 1.3 1.3
Retail Sales MoM (%) 1.10 -0.7 0.6 0.6 0.6 0.5
Corporate Tax Rate (%) 14.93 17.77 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 2023
GDP Growth Rate (%) 0.50 1 0.8 0.4 0.4 0.8
GDP Annual Growth Rate (%) 4.40 5.1 3.6 3.4 3.4 3.1
GDP (USD Billion) 752.25 850 850 850 850 900
GDP Constant Prices (CHF Million) 188351.15 189885 195973 194254 194755 200276
Gross Fixed Capital Formation (CHF Million) 46945.30 48850 49242 49089 48541 50610
GDP per capita (USD) 85681.97 83400 83400 83400 83400 84700
GDP per capita PPP (USD) 68393.31 71600 71600 71600 71600 72900

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.10 3.2 3.2 3.1 3.1 2.8
Wages (CHF/Month) 6354.00 6527 6405 6443 6430 6507
Wages in Manufacturing (points) 114.30 118 115 116 116 117
Population (Million) 8.61 8.72 8.72 8.72 8.72 8.78
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.80 1.8 1.8 1.8 1.8 1.8
Non Farm Payrolls (Thousand) 5227.00 5220 5270 5270 5270 5250
Wage Growth (%) 0.10 1.5 1.6 1.6 1.6 1.8

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 2.90 2.7 2.1 1.3 1 -0.2
Inflation Rate Mom (%) 0.70 0.2 0.3 0.4 0.4 0.3
Consumer Price Index CPI (points) 103.96 104 104 104 105 103
Core Consumer Prices (points) 102.23 102 102 102 103 104
Core Inflation Rate (%) 1.70 1.1 1.2 1.2 1.2 1.5
Producer Prices (points) 109.43 107 107 108 109 109
Producer Prices Change (%) 6.90 3.2 2.5 2 2 1.5
Food Inflation (%) 1.10 0.9 1.1 1.3 1.3 1.4
Harmonised Consumer Prices (points) 103.72 104 104 104 105 103
CPI Housing Utilities (points) 105.52 104 105 106 107 105
CPI Transportation (points) 114.78 115 115 116 116 117

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) -0.25 0 0 0.5 0.5 1
Interbank Rate (%) -0.75 -0.5 -0.5 0 0 0
Deposit Interest Rate (%) -0.43 -0.45 -0.2 -0.2 0.3 0.8

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (CHF Million) 2023.00 3910 3800 3880 3900 2460
Current Account (CHF Million) 19049.94 18900 16200 16500 16500 16700
Current Account to GDP (% of GDP) 3.80 5 5 4 4 4
Imports (CHF million) 19839.00 19000 19520 19700 19700 22640
Exports (CHF million) 21867.00 22800 23400 23600 23600 25100
Tourist Arrivals (Thousand) 1116.85 1750 1200 1200 1200 1500

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 41.40 44.6 44.6 44.6 44.6 43.4
Government Budget (% of GDP) -0.70 -0.2 -0.2 0.3 0.3 0.3
Government Budget Value (CHF Million) -16105.00 -450 -450 -450 -450 2400
Government Spending (CHF Million) 21799.93 23441 23000 21961 22541 22642
Government Spending to GDP (% of GDP) 36.20 32.8 32.8 32.8 32.8 32.4
Government Revenues (CHF Million) 232361.00 247080 247080 247080 247080 256680
Fiscal Expenditure (CHF Million) 248467.00 252590 252590 252590 252590 263390

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 14.93 17.77 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 12.46 12.8 12.8 12.8 12.8
Social Security Rate For Companies (%) 6.40 6.23 6.4 6.4 6.4 6.4
Social Security Rate For Employees (%) 6.40 6.23 6.4 6.4 6.4 6.4

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 96.90 108 107 106 106 105
Manufacturing PMI (points) 59.10 62.3 60.8 56.8 56.8 55.1
Industrial Production (%) 7.90 4.8 4 4 4 3.6
Services PMI (points) 58.98 55.6 55.1 54.9 54.9 54
ZEW Economic Sentiment Index -72.70 -15 15 15 15 15

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -18.50 3 1 1.3 1.3 1.3
Retail Sales MoM (%) 1.10 -0.7 0.6 0.6 0.6 0.5
Retail Sales YoY (%) -1.60 4.4 4.6 4.6 4.6 3.4
Consumer Spending (CHF Million) 94105.50 94453 98244 97209 97305 100222
Gasoline Prices (USD/Liter) 2.24 2.35 2.44 2.53 2.62 2.62
Consumer Credit (CHF Million) 988560.00 1001686 1022807 1012139 1020022 1043515


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Switzerland Forecast - was last updated on Saturday, July 2, 2022.