Switzerland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.10 0.4 0.4 0.5 0.6 0.4 percent [+]
Unemployment Rate 3.60 3.5 3.1 3.2 3.4 3.5 percent [+]
Inflation Rate 0.60 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 3105.00 2600 3500 3374 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 0.99 1.02 1.03 1.04 1.06 1.21 [+]
Stock Market 8597.02 8510 8430 8340 8170 6880 points [+]
Government Bond 10Y -0.11 -0.31 -0.32 -0.32 -0.32 -0.37 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.10 0.4 0.4 0.5 0.6 0.4 percent [+]
GDP Annual Growth Rate 0.60 1.5 1.7 1.9 1.9 2.4 percent [+]
GDP 670.79 675 678 672 684 715 USD Billion [+]
GDP Constant Prices 165739.44 166004 166407 166860 167344 173289 CHF Million [+]
Gross Fixed Capital Formation 40001.80 39980 40002 39955 39978 39956 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 3.60 3.5 3.1 3.2 3.4 3.5 percent [+]
Employed Persons 5052.00 5062 5072 5084 5091 5155 Thousand [+]
Unemployed Persons 149754.66 150877 152911 154574 155895 160542 [+]
Productivity 98.71 98.85 98.86 98.97 98.92 98.91 Index Points [+]
Job Vacancies 11694.00 11171 10158 10062 9660 8572 [+]
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 2860.50 2845 2850 2866 2864 2863 Thousand [+]
Non Farm Payrolls 4912.00 4898 4912 4926 4923 4942 Thousand [+]
Part Time Employment 1667.20 1689 1677 1662 1701 1744 Thousand [+]
Labor Force Participation Rate 69.50 69.63 69.53 69.58 69.61 69.66 percent [+]
Job Offers 52859.00 52414 53422 54096 53977 54250 [+]
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 0.60 0.4 0.6 0.8 0.9 1.7 percent [+]
Inflation Rate Mom 0.50 0.3 0.2 0.04 0.5 0.6 percent [+]
Consumer Price Index CPI 100.44 101 101 101 101 103 Index Points [+]
Core Consumer Prices 99.78 99.86 99.57 99.72 99.49 99.13 Index Points [+]
Core Inflation Rate -0.09 -0.09 -0.09 -0.1 -0.09 -0.09 percent [+]
GDP Deflator 98.30 98.31 98.22 98.17 98.09 97.49 Index Points [+]
Producer Prices 100.20 101 102 104 106 119 Index Points [+]
Producer Prices Change 1.30 0.5 0.7 1 1.2 2.4 percent [+]
Export Prices 99.00 99.04 98.99 99.01 98.99 99 Index Points [+]
Import Prices 101.58 102 103 103 103 103 Index Points [+]
Food Inflation 1.80 1.73 1.67 1.66 1.67 1.67 percent [+]
Cpi Transportation 101.43 102 102 102 102 102 Index Points [+]
Harmonised Consumer Prices 99.15 99.27 99.31 99.28 99.3 99.29 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 543017.00 542308 542112 541931 542044 542004 CHF Million [+]
Money Supply M1 597628.00 599750 602249 603514 603972 604403 CHF Million [+]
Money Supply M2 948959.00 951232 955178 956912 957662 958227 CHF Million [+]
Money Supply M3 999378.00 1001970 1008680 1015431 1022150 1097849 CHF Million [+]
Foreign Exchange Reserves 668180.50 674358 679327 678484 678102 678057 CHF Million [+]
Banks Balance Sheet 1947624.62 1961062 1981542 2001941 2022244 2260253 CHF Million [+]
Loans to Private Sector 1359874.00 1367855 1376419 1385118 1393670 1485048 CHF Million [+]
Deposit Interest Rate -0.18 -0.04 -0.11 -0.18 -0.24 -0.17 percent [+]
Central Bank Balance Sheet 725200.26 722171 721278 721436 721374 721399 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 3105.00 2600 3500 3374 2900 2800 CHF million [+]
Exports 16986.00 17896 17468 17604 17591 17585 CHF million [+]
Imports 13882.00 14537 14010 14155 14136 14132 CHF million [+]
Current Account 22022.94 19538 22545 19750 22300 22217 CHF Million [+]
Current Account to GDP 11.00 11.68 12.26 12.85 13.43 10.78 percent [+]
External Debt 1721336.40 1685634 1678596 1704161 1696302 1693993 CHF Million [+]
Terms of Trade 114.60 113 114 113 113 113 Index Points [+]
Capital Flows 18026.84 10973 17412 19301 15119 15002 CHF Million [+]
Foreign Direct Investment 833192.60 842126 855259 868391 881524 1090497 CHF Million [+]
Tourist Arrivals 1179.00 1471 1258 1304 1353 1324 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 0.77 0.65 0.53 0.41 0.84 [+]
Tourism Revenues 3447.52 3783 3841 4578 3454 3477 CHF 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 18297.50 18370 18429 18478 18538 19259 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 107.20 104 104 108 105 101 [+]
Manufacturing PMI 57.80 57.68 58.46 58.79 58.97 59.12 [+]
Industrial Production -1.20 -3.13 -1.09 -3.35 -1.52 -2.12 percent [+]
Manufacturing Production -0.70 -3.09 -0.49 -3.2 -1.26 -1.78 percent [+]
Capacity Utilization 80.32 81.49 79.7 79.85 79.41 79.38 percent [+]
Factory Orders -3.30 -1.33 -5.61 -7.92 -5.6 -4.01 percent [+]
Changes in Inventories -2241.70 -1842 -1885 -1958 -2062 -1988 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 86 86 86 85 86 Points [+]
Corruption Rank 5.00 6.58 6.86 7.14 7.42 9.38 [+]
Mining Production -1.40 -6.98 -1.47 -2.66 -1.05 -0.77 percent [+]
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 0.60 -0.32 -0.05 0 -0.01 -0.01 percent [+]
Retail Sales YoY -1.40 -2 -1.57 -1.43 -1.37 -1.27 percent [+]
Consumer Spending 91077.30 91245 91557 91980 92225 95418 CHF Million [+]
Personal Savings 13.70 14.21 13.85 13.49 13.13 13.68 percent [+]
Consumer Credit 827421.00 832056 839036 845892 852726 932800 CHF Million [+]
Gasoline Prices 1.43 1.42 1.42 1.42 1.42 1.42 USD/Liter [+]
Households Debt To Gdp 128.20 129 129 130 130 130 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 1.20 1.98 2.23 0.83 1.21 1.1 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. 3/28/2017