Switzerland GDP Growth Rate 1980-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Switzerland expanded 0.20 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Switzerland averaged 0.43 percent from 1980 until 2015, reaching an all time high of 2.10 percent in the fourth quarter of 1999 and a record low of -1.90 percent in the second quarter of 1982. GDP Growth Rate in Switzerland is reported by the State Secretariat for Economic Affairs.

Switzerland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.20 2.10 -1.90 1980 - 2015 percent Quarterly
Switzerland's economy has low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Its policy of long-term monetary security and bank secrecy has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. Because of the country's small size and high labor specialization, industry and trade are the keys to Switzerland's economic livelihood. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Switzerland GDP Growth Rate - was last refreshed on Friday, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-03 06:45 AM Q4 0.6% 0.7%(R) 0.3% 0.45%
2015-05-29 06:45 AM Q1 -0.2% 0.5%(R) -0.1% 0%
2015-08-28 06:45 AM Q2 0.2% -0.2% -0.1% -0.1%
2015-12-01 06:45 AM Q3 0.2% 0%


Swiss Economy Avoids Recession in Q2


Switzerland's economy grew 0.2 percent in the second quarter of 2015, compared to a 0.2 percent contraction reported in January to March period and beating market consensus. The expansion was mainly driven by a rebound in exports and an increase in public consumption and investment.

In the second quarter, household consumption expenditure expanded by 0.3 percent, up from a revised 0.2 percent growth in the preceding period. The largest contributions to the growth came from item food products and beverages, health, clothing and footwear, communication, transport and recreation & culture. In contrast, the expenditures in the areas of housing/energy and restaurant and hotels declined. The government final consumption rose by 0.2 percent, following a 0.3 percent expansion in the March quarter.

Investments in equipment rose by 1.5 percent, rebounding from a revised 0.4 percent drop in the previous quarter while investments in construction rose 0.1 percent.

Exports of goods (excluding non-monetary gold and valuables) slightly increased by 0.5 percent, following a revised 2.2 percent fall in the first quarter. Positive contributions came from the sectors of watches, jewelry, precision instruments, chemicals and pharmaceuticals.

Imports of goods (excluding non-monetary gold and valuables) decreased by 3.6 percent, after registering a revised 0.6 percent rise in the preceding quarter.

Year-on-year, the economy grew 1.2 percent, unchanged from an upwardly revised expansion in the March quarter.

SECO l Rida Husna l rida@tradingeconomics.com
8/28/2015 11:45:23 AM


Recent Releases

Swiss GDP Contracts in Q1
Switzerland's economy shrank 0.2 percent in the first quarter of 2015, compared to a 0.5 percent expansion reported in October to December period. It is the first contraction since the second quarter of 2012 as a rise in private consumption and investment was unable to offset a decline in exports caused by a jump in Swiss Franc in January.
Published on 2015-05-29

Swiss GDP Growth Better Than Expected in Q4
Switzerland's economy advanced 0.6 percent in the fourth quarter of 2014, slowing from upwardly revised 0.7 percent expansion in July to September period. The growth was mainly driven by private and government consumption while exports and imports declined.
Published on 2015-03-03

Swiss Economy Expands 0.6% QoQ in Q3
Switzerland's GDP grew by 0.6 percent in the third quarter of 2014, up from a revised 0.3 percent expansion in April to June period, boosted by private and public consumption and exports.
Published on 2014-12-03

Switzerland Economy Stagnates in Q2
The Swiss economy posted zero growth in the second quarter of 2014, after reporting 0.5 percent expansion in the previous period. The trade balance made a small negative contribution to growth while investment remained unchanged.
Published on 2014-09-02


Switzerland GDP Last Previous Highest Lowest Unit
GDP 685.43 666.10 696.31 9.52 USD Billion [+]
GDP Growth Rate 0.20 -0.20 2.10 -1.90 percent [+]
GDP Annual Growth Rate 1.20 1.20 5.40 -3.60 percent [+]
GDP Constant Prices 163181.90 162789.68 163181.90 88530.28 CHF Million [+]
GDP per capita 58996.90 58557.47 59036.54 18970.15 USD [+]
Gross Fixed Capital Formation 38931.40 38567.70 38931.40 18467.20 CHF Million [+]
GDP per capita PPP 54982.73 54573.20 55019.67 44614.79 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]