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

The Gross Domestic Product (GDP) in Switzerland contracted 0.20 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Switzerland averaged 0.42 percent from 1980 until 2015, 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.

  
Switzerland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.50 1.90 -2.20 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 Saturday, August 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-12-03 06:45 AM Q3 0.6% 0.3% (R) 0.3% -0.05%
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%
2015-08-27 06:45 AM Q2 -0.2% 0.1%
2015-12-01 06:45 AM Q3 0%


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.

In the first quarter, household consumption expenditure grew by 0.5 percent, accelerating from a 0.3 percent growth in the preceding period. The largest contributions to the expansion mainly came from the areas of housing/energy and health.

Investments in equipment rose by 0.5 percent, slowing from a 1.0 percent growth in the previous quarter, mainly due to an increase in IT investments and vehicles while investments in machinery declined. Investment in construction spending increased by 0.3 percent, following a 1.4 percent fall in the December quarter.

Exports of goods (excluding non-monetary gold and valuables) declined by 2.3 percent, following a 1.0 percent fall in the fourth quarter. All sectors reported a decline with chemicals/pharmaceuticals dropping the most, followed by jewelry, machinery, appliances, electronics and precision instruments and watches.

Imports of goods (excluding non-monetary gold and valuables) increased by 0.4 percent, reversing from a 1.8 percent decline in the preceding quarter, mainly due to higher purchases of vehicles. Imports also increased slightly for chemical and pharmaceutical products.

Year-on-year, the economy grew 1.1 percent, slowing from a 1.9 percent expansion in the December quarter.

SECO l Rida Husna l rida@tradingeconomics.com
5/29/2015 9:36:15 AM


Recent Releases

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

Swiss GDP Growth Accelerates Slightly in Q1
The Swiss economy advanced 0.5 percent quarter-on-quarter in the first three months of 2014, up from a 0.2 percent expansion in the previous period and boosted by exports and construction investment.
Published on 2014-05-28


Switzerland GDP Last Previous Highest Lowest Unit
GDP 685.43 666.10 696.31 9.52 USD Billion [+]
GDP Growth Rate -0.20 0.50 1.90 -2.20 percent [+]
GDP Annual Growth Rate 1.10 1.90 7.30 -3.70 percent [+]
GDP Constant Prices 163007.98 163345.70 163345.70 88530.28 CHF Million [+]
GDP per capita 58996.90 58557.47 59036.54 18970.15 USD [+]
Gross Fixed Capital Formation 38687.30 38532.50 38687.30 18469.60 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 -0.20 Mar/15 0.30 4.50 -4.20 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 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 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 Mar/15 0.50 1.90 -2.20 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 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]