Switzerland Current Account

Switzerland reported a current account surplus equivalent to 26.5 Billions CHF in the fourth quarter of 2011. Historically, from 1985 until 2011, Switzerland Current Account averaged 9.1500 Billion CHF reaching an all time high of 26.4700 Billion CHF in October of 2011 and a record low of -7.2400 Billion CHF in July of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Switzerland Current Account.

Date Selection	Members Only. Please Register or Login
to

Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically the most important part of the current account. This means that changes in the patterns of trade are key drivers in the current accounts of most of the world's economies. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant. Positive net sales to abroad generally contributes to a current account surplus; negative net sales to abroad generally contributes to a current account deficit. Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports. The net factor income or income account, a sub-account of the current account, is usually presented under the headings income payments as outflows, and income receipts as inflows. Income refers not only to the money received from investments made abroad (note: investments are recorded in the capital account but income from investments is recorded in the current account) but also to the money sent by individuals working abroad, known as remittances, to their families back home. If the income account is negative, the country is paying more than it is taking in interest, dividends, etc. For example, the United States' net income has been declining exponentially since it has allowed the dollar's price relative to other currencies to be determined by the market to a point where income payments and receipts are roughly equal of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.

SWITZERLAND NEWS

Swiss Trade Surplus Narrows in April
Published: 5/24/2012 3:36:57 PM By: TradingEconomics.com, Federal Customs Administration
Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported.

Swiss Trade Surplus Widens in February
Published: 3/22/2012 12:50:26 PM By: TradingEconomics.com
Switzerland's trade surplus reached 2.7 billion francs in February, up from the 1.6 billion francs in January, with the watch industry leading export growth.

Swiss National Bank Keeps Minimum Exchange Rate Unchanged
Published: 3/15/2012 5:18:30 PM By: TradingEconomics.com, SNB
The Swiss National Bank will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.

Swiss Inflation Falls In February
Published: 3/8/2012 12:34:56 PM By: TradingEconomics.com, Swiss Federal Statistical Office
Consumer prices in Switzerland fell 0.9 percent year-on-year in February, after 0.8 percent decline in January. In February 2011, prices rose 0.5 percent on an yearly basis.

Swiss Economy Expands In Q4
Published: 3/1/2012 11:38:28 AM By: TradingEconomics.com, Bloomberg
The Swiss economy unexpectedly expanded in the fourth quarter, bolstered by strong private consumption, foreign trade and gross fixed investments.

Swiss Exports Declines in December
Published: 2/2/2012 2:55:20 PM By: TradingEconomics.com, ABS
Exports from Switzerland fell in December, hurt by turmoil in the Euro Zone which slashed demand for Swiss goods and drove the franc currency to unfavorably strong levels as investors looked for a safe place to park their money.

Swiss Trade Surplus Rises In November
Published: 12/20/2011 1:58:45 PM By: TradingEconomics.com, Federal Customs Administration
The Swiss trade surplus hit CHF 3 billion in November, the second largest on record, up from CHF 2.16 billion during October.

SNB Holds Franc Peg at 1.20 to the Euro
Published: 12/15/2011 12:52:14 PM By: TradingEconomics.com, SNB
The Swiss National Bank kept the minimum floor unchanged at 1.20 Swiss francs against the euro, even as it warned of a highly uncertain international economic outlook, saying that a further escalation of the European sovereign debt crisis can't be ruled out.

Swiss Inflation Rate Declines in November
Published: 12/6/2011 12:36:39 PM By: TradingEconomics.com, SECO
The Swiss consumer price index fell 0.2% on the month, and 0.5% on the year in November, as the strong franc pushed automobile and food costs lower, outweighing higher energy and accommodation costs.

Swiss GDP Growth Slows to 0.2% in Q3
Published: 12/1/2011 1:42:47 PM By: TradingEconomics.com, Bloomberg
Switzerland’s economy grew at the slowest pace in more than two years in the third quarter as companies cut spending and exports slumped.

MORE NEWS