Switzerland GDP Growth Rate  1980-2017 | Data | Chart | Calendar

Switzerland's economy advanced 0.1 percent on quarter in the three months to December of 2016, the same pace as in the previous period and missing markets estimates of a 0.5 percent expansion. Household consumption was the main driver of growth while fixed investment fell. Year-on-year, the economy grew by 0.6 percent, slowing sharply from an upwardly revised 1.4 percent expansion in the September quarter and below consensus of a 1.3 percent growth. In 2016, the GDP advanced 1.3 percent year-on-year, faster than a 0.8 percent expansion in 2015. GDP Growth Rate in Switzerland averaged 0.42 percent from 1980 until 2016, 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.

Switzerland GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-06 05:45 AM Q2 0.6% 0.3% 0.4% 0.4%
2016-12-02 06:45 AM Q3 0.0% 0.6% 0.3% 0.5%
2017-03-02 06:45 AM Q4 0.1% 0.1% 0.5% 0.3%
2017-06-01 05:45 AM Q1 0.1% 0.4%
2017-09-05 05:45 AM Q2 0.4%
2017-11-30 06:45 AM Q3 0.5%




Swiss Economy Grows Less Than Expected In Q4


The Swiss economy expanded 0.1 percent on quarter in the three months to December of 2016, the same pace as in the previous period and missing markets estimates of a 0.5 percent growth. Private consumption and government spending rose while investment fell and net trade contributed negatively to growth.

In the three months to December, household consumption rose 0.9 percent, much faster than a 0.2 percent increase in the third quarter, driven by spending on health and housing and energy. Government spending went up 0.2 percent, reversing from a 0.1 percent decline in the prior quarter.

Investment in equipment fell  0.7 percent, compared to a 0.2 percent rise in the third quarter, driven primarily by research and development as well as other vehicles. Investment in construction also declined by 0.4 percent, after growing 0.4 percent previously.

Exports of goods (excluding non-monetary gold and valuables) decreased by 3.8 percent, the weakest quarterly result in three years. Sales of precision instrumens, watches and jewellery continued the decline. At the same time, exports of chemicals and pharmaceuticals fell for the first time after several positive quarters. A decline was also seen for the services sector. Imports of goods (excluding non-monetary gold and valuables) rose 0.2 percent, slowing from a 0.3 percent increase in the September quarter.

Year-on-year, the economy grew by 0.6 percent, slowing sharply from an upwardly revised 1.4 percent expansion in the September quarter and below consensus of a 1.3 percent growth. It was the weakest expansion since the fourth quarter 2015.

For full 2016, GDP  was provisionally calculated at 1.3 percent, faster than a 0.8 percent expansion in the prior year. 

Seco l Rida Husna | rida@tradingeconomics.com
3/2/2017 9:59:09 AM



Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.10 2.10 -1.90 percent [+]
GDP Annual Growth Rate 0.60 1.40 5.40 -3.60 percent [+]
GDP 670.79 702.71 702.71 9.52 USD Billion [+]
GDP Constant Prices 165739.44 165547.72 165739.44 88530.28 CHF Million [+]
Gross Fixed Capital Formation 40001.80 40154.90 40164.60 18453.20 CHF Million [+]
GDP per capita 75582.00 75800.02 75800.02 54030.36 USD [+]
GDP per capita PPP 56517.45 56680.44 56680.44 45733.65 USD [+]


Switzerland GDP Growth Rate Notes

On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent of its total, followed by gross fixed capital formation (24 percent) and government expenditure (11 percent). Foreign trade adds 11 percent to GDP as exports account for 64 percent and imports for 53 percent. This page provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 2.10 -1.90 1980 - 2016 percent Quarterly
SA, WDA



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