Switzerland | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.00 0.3 0.4 0.4 0.42 0.4 percent [+]
Unemployment Rate 3.30 3.1 3 3.2 3.43 3.5 percent [+]
Inflation Rate -0.30 0.2 0.4 0.6 0.8 1.7 percent [+]
Interest Rate -0.75 -0.75 -0.5 -0.5 -0.5 0.75 percent [+]
Balance of Trade 2678.34 2700 2600 3500 3171 2800 CHF million [+]
Government Debt to GDP 34.40 34.23 34.19 34.15 34.12 34.22 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.01 1.02 1.03 1.04 1.05 1.21 [+]
Stock Market 8099.63 7870 7790 7710 7630 6360 points [+]
Government Bond 10Y -0.09 -0.12 -0.12 -0.12 -0.12 -0.14 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.00 0.3 0.4 0.4 0.42 0.4 percent [+]
GDP Annual Growth Rate 1.30 1.6 1.5 1.7 1.9 2.4 percent [+]
GDP 664.74 675 675 678 672 715 USD Billion [+]
GDP Constant Prices 165547.72 166771 167189 167609 168051 175239 CHF Million [+]
Gross Fixed Capital Formation 40154.90 40206 40254 40458 40690 43160 CHF Million [+]
GDP per capita 75550.82 75983 76174 76364 76555 78917 USD [+]
GDP per capita PPP 55111.98 55491 55593 55695 55797 57216 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 3.30 3.1 3 3.2 3.43 3.5 percent [+]
Employed Persons 5040.00 5085 5100 5112 5117 5151 Thousand [+]
Unemployed Persons 149216.72 149117 148716 148371 148090 147027 [+]
Productivity 98.87 98.85 98.98 98.93 98.97 98.94 Index Points [+]
Job Vacancies 11082.00 11835 12567 13020 13274 13656 [+]
Wages 6213.76 6279 6276 6272 6268 6317 CHF/Month [+]
Wages in Manufacturing 112.20 110 111 111 111 114 Index Points [+]
Population 8.24 8.33 8.35 8.37 8.39 8.64 Million [+]
Retirement Age Women 64.00 64 64 64 64 64 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.30 0.08 0.21 0.46 0.65 0.42 percent [+]
Employment Rate 80.70 80.57 80.63 80.77 80.57 80.69 percent [+]
Full Time Employment 2838.90 2867 2854 2854 2868 2871 Thousand [+]
Job Offers 52859.00 52414 53422 54096 53977 54250 [+]
Non Farm Payrolls 4918.00 4915 4901 4914 4929 4950 Thousand [+]
Part Time Employment 1641.20 1632 1658 1651 1627 1663 Thousand [+]
Labor Force Participation Rate 69.60 69.32 69.56 69.48 69.32 69.46 percent [+]
Wage Growth 0.50 0.49 0.58 0.64 0.68 1.61 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.30 0.2 0.4 0.6 0.8 1.7 percent [+]
Inflation Rate Mom -0.20 0.3 0.3 0.2 -0.03 0.6 percent [+]
Consumer Price Index CPI 100.07 100 100 100 101 102 Index Points [+]
Core Consumer Prices 99.82 99.74 99.71 99.6 99.58 98.97 Index Points [+]
Core Inflation Rate -0.26 -0.25 -0.24 -0.25 -0.24 -0.24 percent [+]
GDP Deflator 98.30 98.3 98.32 98.23 98.18 97.52 Index Points [+]
Producer Prices 99.78 99.78 99.79 99.79 99.79 99.79 Index Points [+]
Producer Prices Change -0.20 0.2 0.5 0.5 0.09 2.4 percent [+]
Export Prices 99.30 99.29 99.34 99.31 99.34 99.32 Index Points [+]
Import Prices 99.54 99.68 100 99.84 99.99 99.92 Index Points [+]
Food Inflation 0.80 0.74 0.79 0.79 0.79 0.79 percent [+]
Cpi Transportation 98.81 98.94 99.02 99.02 99.02 99.01 Index Points [+]
Harmonised Consumer Prices 99.63 99.66 99.65 99.65 99.65 99.65 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate -0.75 -0.75 -0.5 -0.5 -0.5 0.75 percent [+]
Interbank Rate -0.74 -0.74 -0.74 -0.74 -0.74 -0.74 percent [+]
Money Supply M0 524106.00 535892 556319 577519 599523 974310 CHF Million [+]
Money Supply M1 588587.00 588323 587930 587538 587149 582281 CHF Million [+]
Money Supply M2 936437.00 947587 963166 978410 993496 1201477 CHF Million [+]
Money Supply M3 987211.00 988494 995170 1001731 1008178 1082501 CHF Million [+]
Foreign Exchange Reserves 647993.90 652979 656724 656002 655726 655709 CHF Million [+]
Banks Balance Sheet 1892858.60 1919136 1943635 1968449 1993584 2351323 CHF Million [+]
Loans to Private Sector 1351179.00 1361163 1370907 1380483 1389897 1498748 CHF Million [+]
Deposit Interest Rate -0.18 -0.24 -0.24 -0.23 -0.23 -0.17 percent [+]
Central Bank Balance Sheet 720271.98 720024 718745 718887 718899 718900 CHF Million [+]
Private Debt to GDP 207.91 207 204 201 199 190 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 2678.34 2700 2600 3500 3171 2800 CHF million [+]
Exports 17806.45 17201 17610 17682 17610 17622 CHF million [+]
Imports 15128.11 14220 14473 14395 14397 14399 CHF million [+]
Current Account 17281.00 15956 16243 18463 17330 18148 CHF Million [+]
Current Account to GDP 11.00 13.43 12.66 11.89 11.12 10.78 percent [+]
External Debt 132468.60 125921 132814 128149 129657 129683 CHF Million [+]
Terms of Trade 117.46 116 116 116 116 116 Index Points [+]
Capital Flows 5045.00 15520 14538 11807 13170 14023 CHF Million [+]
Foreign Direct Investment 755784.60 797665 807744 817823 827902 984742 CHF Million [+]
Tourist Arrivals 1770.00 1531 1790 1605 1669 1665 Thousand [+]
Gold Reserves 1039.99 1040 1040 1040 1040 1041 Tonnes [+]
Terrorism Index 0.29 0.41 0.53 0.64 0.75 0.84 [+]
Tourism Revenues 3848.45 3397 3561 3151 3562 3258 CHF Million [+]
Weapons Sales 369.00 312 315 319 319 334 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 34.40 34.23 34.19 34.15 34.12 34.22 percent [+]
Government Budget 0.00 0.14 0.14 0.13 0.13 -0.04 percent of GDP [+]
Government Budget Value 1211.00 118 836 1195 1554 -578 CHF Million [+]
Government Spending 18342.75 18397 18481 18540 18600 19394 CHF Million [+]
Government Spending to GDP 33.70 33.51 33.45 33.39 33.32 33.36 percent [+]
Government Revenues 217334.00 214740 218711 220696 222682 236340 CHF Million [+]
Government Debt 224426.00 223601 224808 225411 226015 228452 CHF Million [+]
Fiscal Expenditure 216123.00 212750 216401 218226 220052 228580 CHF Million [+]
Asylum Applications 2085.00 2252 2458 2521 2494 2464 persons [+]
Military Expenditure 5065.00 4810 4849 4889 4942 5024 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 102.20 104 104 104 102 101 [+]
Manufacturing PMI 56.60 56.78 58.24 58.77 59.06 59.28 [+]
Industrial Production 0.40 0.7 -1.47 1.5 -0.55 -0.33 percent [+]
Manufacturing Production 0.34 0.86 1.85 3.29 4.22 5.1 percent [+]
Capacity Utilization 80.96 79.95 81.51 81.29 81.73 81.35 percent [+]
Factory Orders 6.60 6.07 8.24 7.47 3.42 3.44 percent [+]
Changes in Inventories -2205.00 -1818 -1650 -1798 -1898 -1839 CHF Million [+]
Bankruptcies 488.00 511 511 510 510 510 Companies [+]
Car Registrations 29.07 26.74 26.49 26.4 26.4 26.41 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 28.19 27.96 27.84 27.73 28.35 [+]
Corruption Index 86.00 87.99 88.21 88.43 88.65 91.5 Points [+]
Corruption Rank 7.00 7.42 7.61 7.79 7.98 9.38 [+]
Zew Economic Sentiment Index 8.90 15.6 17.8 16.6 7.97 10.1 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -13.00 -11 -9 -10 -8 -2 [+]
Retail Sales MoM 1.20 0.1 -0.12 -0.05 -0.04 -0.03 percent [+]
Retail Sales YoY -0.50 -1.12 -0.95 -0.81 -0.7 -0.45 percent [+]
Consumer Spending 90119.50 90707 91031 91357 91687 96146 CHF Million [+]
Personal Savings 14.90 15.05 15.01 14.96 14.92 14.72 percent [+]
Consumer Credit 820753.00 828060 835179 842281 849358 939120 CHF Million [+]
Gasoline Prices 1.35 1.34 1.33 1.33 1.34 1.33 USD/Liter [+]
Households Debt To Gdp 125.20 126 127 127 127 127 percent of GDP [+]
Households Debt To Income 169.21 172 172 173 173 176 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 453.60 455 455 456 457 461 Index Points [+]
Construction Output 4.80 1.44 2.65 1.89 0.5 0.97 percent [+]
Home Ownership Rate 44.50 44.06 44.07 44.08 44.08 44.09 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/11/2016