Switzerland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.00 0.4 0.4 0.5 0.6 0.4 percent [+]
Unemployment Rate 3.70 3.5 3.1 3.2 3.4 3.5 percent [+]
Inflation Rate 0.30 0.4 0.6 0.8 0.9 1.7 percent [+]
Interest Rate -0.75 -0.5 -0.5 -0.5 -0.25 0.75 percent [+]
Balance of Trade 4733.00 2600 3500 3384 2900 2800 CHF million [+]
Government Debt to GDP 34.40 34.21 34.22 34.22 34.23 34.22 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.01 1.05 1.06 1.07 1.08 1.24 [+]
Stock Market 8585.85 8090 8010 7930 7850 6610 points [+]
Government Bond 10Y -0.26 -0.18 -0.19 -0.19 -0.18 -0.22 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.00 0.4 0.4 0.5 0.6 0.4 percent [+]
GDP Annual Growth Rate 1.30 1.5 1.7 1.9 1.9 2.4 percent [+]
GDP 670.79 675 678 672 684 715 USD Billion [+]
GDP Constant Prices 165547.72 167187 167606 168047 168511 175207 CHF Million [+]
Gross Fixed Capital Formation 40154.90 40254 40458 40690 40887 43160 CHF Million [+]
GDP per capita 75531.47 76336 76218 76101 75983 78917 USD [+]
GDP per capita PPP 55097.86 55257 55334 55411 55488 57202 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.70 3.5 3.1 3.2 3.4 3.5 percent [+]
Employed Persons 5063.00 5097 5113 5129 5144 5267 Thousand [+]
Unemployed Persons 149754.66 150877 152911 154574 155895 160542 [+]
Productivity 98.37 98.36 98.27 98.34 98.33 98.34 Index Points [+]
Job Vacancies 11879.00 10615 8625 8193 7385 5150 [+]
Wages 6213.76 6194 6222 6251 6279 6317 CHF/Month [+]
Wages in Manufacturing 112.20 110 111 111 111 114 Index Points [+]
Population 8.33 8.25 8.28 8.3 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 0.50 0.2 0.5 0.65 0.36 0.48 percent [+]
Employment Rate 80.60 80.63 80.77 80.57 80.63 80.69 percent [+]
Full Time Employment 2866.40 2858 2858 2875 2880 2879 Thousand [+]
Job Offers 52859.00 52414 53422 54096 53977 54250 [+]
Non Farm Payrolls 4918.00 4901 4914 4929 4928 4950 Thousand [+]
Part Time Employment 1614.40 1664 1657 1639 1657 1681 Thousand [+]
Labor Force Participation Rate 69.50 69.82 69.67 69.71 69.82 69.9 percent [+]
Wage Growth 0.60 0.61 0.7 0.75 0.85 1.79 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.30 0.4 0.6 0.8 0.9 1.7 percent [+]
Inflation Rate Mom 0.00 0.3 0.2 -0.02 0.5 0.6 percent [+]
Consumer Price Index CPI 99.96 100 100 100 101 102 Index Points [+]
Core Consumer Prices 99.36 99.44 99.42 99.28 99.21 98.44 Index Points [+]
Core Inflation Rate -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 percent [+]
GDP Deflator 98.30 98.32 98.23 98.18 98.11 97.52 Index Points [+]
Producer Prices 100.40 101 102 104 106 119 Index Points [+]
Producer Prices Change 0.80 0.5 0.7 1 1.2 2.4 percent [+]
Export Prices 99.30 99.28 99.27 99.29 99.28 99.28 Index Points [+]
Import Prices 100.86 101 102 102 102 102 Index Points [+]
Food Inflation 0.90 0.89 0.88 0.88 0.88 0.88 percent [+]
Cpi Transportation 100.21 100 100 100 100 100 Index Points [+]
Harmonised Consumer Prices 99.35 99.51 99.49 99.49 99.49 99.49 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate -0.75 -0.5 -0.5 -0.5 -0.25 0.75 percent [+]
Interbank Rate -0.73 -0.72 -0.72 -0.72 -0.72 -0.72 percent [+]
Money Supply M0 541943.00 544247 544105 543945 544034 544003 CHF Million [+]
Money Supply M1 593364.00 595506 596818 597416 597685 597914 CHF Million [+]
Money Supply M2 943508.00 948198 950484 951440 951842 952135 CHF Million [+]
Money Supply M3 995161.00 1001672 1008603 1015407 1022141 1097954 CHF Million [+]
Foreign Exchange Reserves 643667.60 645219 644498 644391 644393 644391 CHF Million [+]
Banks Balance Sheet 1938713.48 1935218 1953919 1972583 1991171 2208505 CHF Million [+]
Loans to Private Sector 1361947.00 1369952 1379331 1388549 1397607 1494835 CHF Million [+]
Deposit Interest Rate -0.18 -0.04 -0.11 -0.18 -0.24 -0.17 percent [+]
Central Bank Balance Sheet 746501.97 748361 746864 746953 746981 746984 CHF Million [+]
Private Debt to GDP 211.00 208 209 209 210 206 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 4733.00 2600 3500 3384 2900 2800 CHF million [+]
Exports 18116.36 18045 17896 17778 17813 17819 CHF million [+]
Imports 13383.69 14676 14219 14295 14309 14300 CHF million [+]
Current Account 20619.00 15956 16243 18463 17330 18148 CHF Million [+]
Current Account to GDP 11.00 11.68 12.26 12.85 13.43 10.78 percent [+]
External Debt 1672899.60 1647294 1662734 1653648 1649454 1654283 CHF Million [+]
Terms of Trade 108.76 115 115 115 115 115 Index Points [+]
Capital Flows 37370.73 12239 16077 19411 15876 14467 CHF Million [+]
Foreign Direct Investment 833192.60 842126 855259 868391 881524 1090497 CHF Million [+]
Tourist Arrivals 1437.00 1671 1413 1502 1519 1496 Thousand [+]
Gold Reserves 1039.99 1040 1040 1040 1041 1041 Tonnes [+]
Terrorism Index 0.29 0.77 0.65 0.53 0.41 0.84 [+]
Tourism Revenues 4587.21 3790 3847 4583 3470 3499 CHF Million [+]
Weapons Sales 369.00 312 315 319 319 334 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 34.40 34.21 34.22 34.22 34.23 34.22 percent [+]
Government Budget 0.00 0.16 0.16 0.15 0.14 -0.04 percent of GDP [+]
Government Budget Value 1323.00 477 836 1195 1554 -578 CHF Million [+]
Government Spending 18342.75 18481 18540 18600 18663 19394 CHF Million [+]
Government Spending to GDP 33.70 34 33.84 33.68 33.51 33.36 percent [+]
Government Revenues 219259.00 216725 218711 220696 222682 236340 CHF Million [+]
Government Debt 226607.00 224204 224808 225411 226015 228452 CHF Million [+]
Fiscal Expenditure 217426.00 214575 216401 218226 220052 228580 CHF Million [+]
Asylum Applications 1840.00 2166 2383 2419 2377 2350 persons [+]
Military Expenditure 5065.00 4810 4849 4889 4942 5024 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 101.70 104 104 102 105 101 [+]
Manufacturing PMI 54.60 55.19 55.08 55.1 55.09 55.08 [+]
Industrial Production 0.40 -1.47 1.5 -0.55 0.67 -0.33 percent [+]
Manufacturing Production 0.34 1.85 3.29 4.22 4.99 5.11 percent [+]
Capacity Utilization 80.32 81.49 79.7 79.85 79.41 79.38 percent [+]
Factory Orders 6.60 8.24 7.47 3.42 3.24 3.44 percent [+]
Changes in Inventories -2205.00 -1650 -1798 -1898 -1924 -1839 CHF Million [+]
Bankruptcies 488.00 511 510 510 510 510 Companies [+]
Car Registrations 28.53 26.91 26.73 26.71 26.73 26.75 Thousand [+]
Competitiveness Index 5.81 5.78 5.78 5.78 5.78 5.85 Points [+]
Competitiveness Rank 1.00 1 1 1 1 1 [+]
Ease of Doing Business 31.00 28.08 27.96 27.84 27.73 28.35 [+]
Corruption Index 86.00 87.3 87.53 87.76 87.99 91.5 Points [+]
Corruption Rank 5.00 6.58 6.86 7.14 7.42 9.38 [+]
Zew Economic Sentiment Index 19.40 17.8 16.6 20.99 17.8 10.1 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -3.00 -9 -10 -8 -5 -2 [+]
Retail Sales MoM -2.40 -0.27 -0.09 0 0 0 percent [+]
Retail Sales YoY -3.50 -1.32 -0.97 -0.85 -0.78 -0.65 percent [+]
Consumer Spending 90119.50 91031 91357 91687 92019 96146 CHF Million [+]
Personal Savings 13.70 14.21 13.85 13.49 13.13 13.68 percent [+]
Consumer Credit 825424.00 833691 840687 847660 854608 936050 CHF Million [+]
Gasoline Prices 1.45 1.47 1.46 1.45 1.46 1.46 USD/Liter [+]
Households Debt To Gdp 127.70 129 130 130 131 132 percent of GDP [+]
Households Debt To Income 171.70 171 172 173 174 182 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 457.10 455 456 457 458 461 Index Points [+]
Construction Output 4.80 1.44 2.65 1.89 0.5 0.97 percent [+]
Home Ownership Rate 44.50 44.09 44.08 44.07 44.06 44.09 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 17.92 17.92 17.92 17.92 17.92 17.92 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 12.5 12.5 12.5 12.5 12.5 percent [+]
Social Security Rate For Companies 6.25 6.25 6.25 6.25 6.25 6.25 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. 2/23/2017