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

The Gross Domestic Product (GDP) in Switzerland expanded 0.60 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Switzerland averaged 0.42 percent from 1980 until 2014, reaching an all time high of 1.90 percent in the second quarter of 1989 and a record low of -2.20 percent in the fourth quarter of 2008. GDP Growth Rate in Switzerland is reported by the State Secretariat for Economic Affairs.

     Forecast  
Switzerland GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 1.90 -2.20 1980 - 2014 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 Saturday, April 25, 2015.


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.

Household consumption expenditure grew 0.3 percent quarter-on-quarter, easing from a 0.6 percent growth in the preceding quarter. All subcategories contributed to the rise in consumption except for clothing category. General government consumption expenditure and social security consumption rose by 1.9 percent after registering a 0.9 percent increase in the third quarter.

Investments in equipment rose by 1.0 percent, accelerating from a 0.3 percent growth in the previous quarter. In contrast, investments in construction fell by 1.4 percent, reversing from a 0.3 percent expansion in the September quarter.

Exports of goods (excluding non- monetary gold, valuables and merchanting) declined by 1.0 percent, reversing from a 2.8 percent increase in the third quarter. This contraction was attributable in particular to the precision tools/watches/jewelry category while the majority of other categories such as chemicals/pharmaceuticals and metals/machinery/electronics fell slightly. In contrast, exports of rail vehicles increased markedly. Exports of services rose 0.6 percent, slowing from a 1.1 percent in the previous quarter. Purchases of services grew by 0.5 percent, following a 0.4 percent decline in the third quarter.

Imports of goods (excluding non-monetary gold and valuables) declined by 1.8 percent, reversing from a 1.0 percent rise in the preceding quarter. The majority of the categories reported a fall.The reduction in imports of chemicals/pharmaceuticals in particular had a relatively significant impact on the fall as these account for a high proportion of the overall aggregate. Vehicle imports were the only category to post an increase. 

On the production side,  the manufacturing and financial services sectors grew the most by 1.8 percent respectively, followed by property and housing (+0.5 percent) and public sector (+0.8 percent). In contrast, the construction industry and the transport/warehousing & information/communication sector fell by 0.5 percent respectively.

Year-on-year, the economy advanced 1.9 percent, the same pace as in the previous quarter.

Considering full year of 2014, the economy grew by 2.0 percent, following a 1.9 percent growth in the preceding year.

SECO l Rida Husna l rida@tradingeconomics.com
3/3/2015 12:04:30 PM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-02 06:45 AM
GDP Growth Rate QoQ  Q2
0.0% 0.5% 0.5% 0.32%
2014-12-03 06:45 AM
GDP Growth Rate QoQ  Q3
0.6% 0.3% (R) 0.3% -0.05%
2015-03-03 06:45 AM
GDP Growth Rate QoQ  Q4
0.6% 0.7% (R) 0.3% 0.45%
2015-05-29 06:45 AM
GDP Growth Rate QoQ  Q1
0.6% -0.1% 0%
2015-08-27 06:45 AM
GDP Growth Rate QoQ  Q2
0.1%
2015-12-01 06:45 AM
GDP Growth Rate QoQ  Q3
0%


Switzerland GDP Last Previous Highest Lowest Unit
GDP 650.78 631.18 658.87 9.50 USD Billion [+]
GDP Growth Rate 0.60 0.70 1.90 -2.20 percent [+]
GDP Annual Growth Rate 1.90 1.90 7.30 -3.70 percent [+]
GDP Constant Prices 163558.91 162575.81 163558.91 79948.80 CHF Million [+]
GDP per capita 55485.60 54995.91 55485.60 18970.15 USD [+]
Gross Fixed Capital Formation 38512.70 38493.20 38512.70 15478.20 CHF Million [+]
GDP per capita PPP 51749.30 51292.59 51749.30 43014.92 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]