Switzerland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.10 0.4 0.5 0.6 0.6 0.4 percent [+]
Unemployment Rate 3.40 3.1 3.2 3.4 3.5 3.5 percent [+]
Inflation Rate 0.60 1.2 1.7 2.2 1.9 2.3 percent [+]
Interest Rate -0.75 -0.75 -0.75 -0.5 -0.5 0.5 percent [+]
Balance of Trade 3105.00 3500 3374 2900 3358 2800 CHF million [+]
Government Debt to GDP 34.40 34.22 34.22 34.23 34.19 34.22 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.00 1.01 1.02 1.05 1.04 1.2 [+]
Stock Market 8553.99 8600 8520 8260 8340 6950 points [+]
Government Bond 10Y -0.26 -0.17 -0.17 -0.18 -0.18 -0.2 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.10 0.4 0.5 0.6 0.6 0.4 percent [+]
GDP Annual Growth Rate 0.60 1.7 1.9 1.9 2.1 2.4 percent [+]
GDP 670.79 680 680 680 674 715 USD Billion [+]
GDP Constant Prices 165739.44 166407 166860 167344 167837 173289 CHF Million [+]
Gross Fixed Capital Formation 40001.80 40002 39955 39978 39954 39956 CHF Million [+]
GDP per capita 75531.47 75641 75682 75724 75696 75840 USD [+]
GDP per capita PPP 55097.86 55205 55260 55314 55288 55432 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.40 3.1 3.2 3.4 3.5 3.5 percent [+]
Employed Persons 5052.00 5072 5084 5091 5098 5155 Thousand [+]
Unemployed Persons 148013.66 145083 142806 140749 139073 139429 [+]
Productivity 98.71 98.86 98.97 98.92 98.93 98.91 Index Points [+]
Job Vacancies 11349.00 11150 11411 11293 11313 11330 [+]
Wages 6213.76 6222 6251 6279 6276 6317 CHF/Month [+]
Wages in Manufacturing 112.20 112 112 113 113 117 Index Points [+]
Population 8.33 8.28 8.3 8.33 8.33 8.64 Million [+]
Retirement Age Women 64.00 64 64 64 64 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.00 0.55 0.37 0.34 0.18 0.41 percent [+]
Employment Rate 80.60 80.97 80.89 80.96 80.97 81.04 percent [+]
Full Time Employment 2860.50 2850 2866 2864 2853 2863 Thousand [+]
Non Farm Payrolls 4912.00 4912 4926 4923 4912 4942 Thousand [+]
Part Time Employment 1667.20 1677 1662 1701 1714 1744 Thousand [+]
Labor Force Participation Rate 69.50 69.53 69.58 69.61 69.65 69.66 percent [+]
Job Offers 52859.00 54096 53977 53674 54031 54250 [+]
Wage Growth 0.60 0.61 0.66 0.65 0.67 0.71 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.60 1.2 1.7 2.2 1.9 2.3 percent [+]
Inflation Rate Mom 0.20 0.2 0.06 0.5 0.01 0.6 percent [+]
Consumer Price Index CPI 100.66 101 101 101 101 103 Index Points [+]
Core Consumer Prices 100.20 99.69 100 99.71 100 99.69 Index Points [+]
Core Inflation Rate 0.12 0.09 0.1 0.1 0.1 0.1 percent [+]
GDP Deflator 98.30 98.22 98.17 98.09 98.04 97.49 Index Points [+]
Producer Prices 100.30 104 106 108 110 122 Index Points [+]
Producer Prices Change 1.30 2.1 2.5 2.7 3 2 percent [+]
Export Prices 99.00 98.93 98.96 98.94 98.95 98.94 Index Points [+]
Import Prices 101.82 102 103 103 103 103 Index Points [+]
Food Inflation 0.60 0.6 0.69 0.69 0.7 0.7 percent [+]
Cpi Transportation 101.39 101 101 101 101 101 Index Points [+]
Harmonised Consumer Prices 99.85 99.66 99.7 99.7 99.7 99.7 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate -0.75 -0.75 -0.75 -0.5 -0.5 0.5 percent [+]
Interbank Rate -0.73 -0.73 -0.73 -0.73 -0.73 -0.73 percent [+]
Money Supply M0 547946.00 551218 550564 550818 550678 550729 CHF Million [+]
Money Supply M1 600189.00 602967 604390 604903 605220 605386 CHF Million [+]
Money Supply M2 949980.00 952578 953676 954145 954347 954498 CHF Million [+]
Money Supply M3 1002276.00 1009069 1015879 1022653 1029368 1099043 CHF Million [+]
Foreign Exchange Reserves 683180.70 693116 692493 691955 691882 691886 CHF Million [+]
Banks Balance Sheet 1975230.05 1999027 2020516 2042006 2063398 2293906 CHF Million [+]
Loans to Private Sector 1364258.00 1376573 1385296 1393874 1402298 1485555 CHF Million [+]
Deposit Interest Rate -0.18 -0.11 -0.18 -0.24 -0.24 -0.17 percent [+]
Central Bank Balance Sheet 755318.10 758769 757910 758175 758262 758285 CHF Million [+]
Private Debt to GDP 211.00 209 209 210 210 206 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 3105.00 3500 3374 2900 3358 2800 CHF million [+]
Exports 16986.00 17468 17604 17591 17582 17585 CHF million [+]
Imports 13882.00 14010 14155 14136 14127 14132 CHF million [+]
Current Account 22022.94 22545 19750 22300 19837 22217 CHF Million [+]
Current Account to GDP 11.00 12.26 12.85 13.43 12.66 10.78 percent [+]
External Debt 1721336.40 1678596 1704161 1696302 1685981 1693993 CHF Million [+]
Terms of Trade 114.60 114 113 113 113 113 Index Points [+]
Capital Flows 18026.84 17412 19301 15119 14102 15002 CHF Million [+]
Foreign Direct Investment 833192.60 855259 868391 881524 892279 1090497 CHF Million [+]
Tourist Arrivals 1247.00 1176 1213 1233 1221 1222 Thousand [+]
Gold Reserves 1039.99 1040 1040 1040 1040 1039 Tonnes [+]
Weapons Sales 369.00 312 315 319 319 334 USD Million [+]
Terrorism Index 0.29 0.65 0.53 0.41 0.53 0.84 [+]
Tourism Revenues 3447.52 3841 4578 3454 3784 3477 CHF Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 34.40 34.22 34.22 34.23 34.19 34.22 percent [+]
Government Budget 0.00 0.16 0.15 0.14 0.14 -0.04 percent of GDP [+]
Government Budget Value 1323.00 1573 1573 1573 226 -590 CHF Million [+]
Government Spending 18297.50 18429 18478 18538 18599 19259 CHF Million [+]
Government Spending to GDP 33.70 33.84 33.68 33.51 33.45 33.36 percent [+]
Government Revenues 219259.00 222235 222235 222235 223736 231501 CHF Million [+]
Government Debt 226607.00 226036 226036 226036 227679 229793 CHF Million [+]
Fiscal Expenditure 217426.00 219987 219987 219987 219169 222646 CHF Million [+]
Asylum Applications 1380.00 1896 2197 2252 2203 2160 persons [+]
Military Expenditure 5065.00 4810 4849 4889 4942 5024 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 107.60 104 108 105 108 101 [+]
Manufacturing PMI 58.60 59.48 60.04 60.3 60.42 60.52 [+]
Industrial Production -1.20 -1.09 -3.35 -1.52 -1.98 -2.12 percent [+]
Manufacturing Production -0.70 -0.49 -3.2 -1.26 -1.78 -1.78 percent [+]
Capacity Utilization 80.32 79.7 79.85 79.41 79.78 79.38 percent [+]
Factory Orders -3.30 -5.61 -7.92 -5.6 -6.7 -4.01 percent [+]
Changes in Inventories -2241.70 -1885 -1958 -2062 -2043 -1988 CHF Million [+]
Bankruptcies 12927.00 12954 12619 12284 12377 12283 companies and individuals [+]
Car Registrations 25.91 26.8 26.78 26.8 26.81 26.81 Thousand [+]
Competitiveness Index 5.81 5.74 5.74 5.74 5.8 5.77 Points [+]
Competitiveness Rank 1.00 1 1 1 1 1 [+]
Ease of Doing Business 31.00 31 32 32 32 35 [+]
Corruption Index 86.00 86 86 85 85 86 Points [+]
Corruption Rank 5.00 6 6 6 5 5 [+]
Mining Production -1.40 -1.47 -2.66 -1.05 0.45 -0.77 percent [+]
Zew Economic Sentiment Index 29.60 16.6 32.48 17.8 32.47 10.1 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence -3.00 -10 -8 -5 -2.44 -2 [+]
Retail Sales MoM 0.60 -0.03 0.01 0 0 0 percent [+]
Retail Sales YoY 0.60 -0.28 0.09 0.34 0.53 1.21 percent [+]
Consumer Spending 91077.30 91557 91980 92225 92521 95418 CHF Million [+]
Personal Savings 13.70 13.85 13.49 13.13 13.11 13.68 percent [+]
Consumer Credit 829625.00 838847 845691 852513 859310 932442 CHF Million [+]
Gasoline Prices 1.41 1.38 1.39 1.39 1.39 1.39 USD/Liter [+]
Households Debt To Gdp 128.20 129 130 130 130 130 percent of GDP [+]
Households Debt To Income 178.57 176 178 180 179 176 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 461.76 464 466 469 471 482 Index Points [+]
Construction Output 1.20 2.23 0.83 1.21 0.95 1.1 percent [+]
Home Ownership Rate 43.40 44.08 44.07 44.06 44.07 44.09 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 17.92 18.13 18.17 18.22 18.31 19.89 percent [+]
Personal Income Tax Rate 40.00 40 40 40 40 40 percent [+]
Sales Tax Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate 12.50 12.91 12.91 12.91 13 13.92 percent [+]
Social Security Rate For Companies 6.25 6.68 6.68 6.68 6.78 7.78 percent [+]
Social Security Rate For Employees 6.25 6.25 6.25 6.25 6.25 6.25 percent [+]





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. 4/24/2017