|
|
Switzerland GDP Growth RateThe Gross Domestic Product (GDP) in Switzerland expanded 0.10 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1980 until 2011, Switzerland GDP Growth Rate averaged 0.4000 Percent reaching an all time high of 2.1000 Percent in June of 1989 and a record low of -1.1000 Percent in December of 2008. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. 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 includes a chart with historical data for Switzerland GDP Growth Rate.
Swiss Economy Expands In Q4
Published on 3/1/2012 11:38:28 AM
| By TradingEconomics.com, Bloomberg
The Swiss economy unexpectedly expanded in the fourth quarter, bolstered by strong private consumption, foreign trade and gross fixed investments.
The gross domestic product rose 0.1 percent quarter-on-quarter during the fourth quarter compared with economists' expectations for a 0.1 percent contraction. The third quarter growth rate was upwardly revised to 0.3 percent from the 0.2 percent expansion estimated earlier.
Annually, GDP rose 1.3 percent, faster than the 1.1 percent growth expected by economists. This followed an upwardly revised 1.6 percent growth for the third quarter.
On the expenditure side, consumer spending grew at a faster quarterly pace of 0.4 percent on a seasonally adjusted basis. On the other hand, total private domestic investment declined 7.9 percent after the 5.3 percent increase in the previous period.
Exports of goods and services rose 1.2 percent from the preceding three months, while imports fell 1.9 percent. The positive trade outcome defied external headwinds faced by the economy, particularly from the Eurozone debt crisis.
|
|
|
GDP Growth Rate
The Gross Domestic Product growth rate measures the increase in value of the goods and services produced by an economy. Economic growth is usually calculated in real terms or inflation-adjusted terms, in order to net out the effect of changes on the price of the goods and services produced. The Gross Domestic Product can be determined using three different approaches, which should give the same result. These different methods are the product technique, the income technique , and the expenditure technique. In sum, the product technique sums the outputs of every class of enterprise to arrive at the total. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes. The real GDP per capita of an economy is often used as an indicator of the average standard of living of individuals in that country, and economic growth is therefore often seen as indicating an increase in the average standard of living. However, there are some problems in using growth in GDP per capita to measure the general well-being of a country´s population. In fact, GDP was first developed by Simon Kuznets for a US Congress report in 1934, who immediately said not to use it as a measure for welfare. First, GDP per capita does not provide much information relevant to the distribution of income in a country. Second, GDP per capita does not take into account negative externalities such as pollution consequent to economic growth. Third, GDP per capita does not take into account positive externalities that may result from services such as education and health. Finally, GDP per capita excludes the value of all the activities that take place outside of the market place such as free leisure activities or less positive activities like organized crime.
SWITZERLAND NEWS
Swiss Trade Surplus Narrows in April
Published: 5/24/2012 3:36:57 PM
By: TradingEconomics.com, Federal Customs Administration
Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported.
|
Swiss Trade Surplus Widens in February
Published: 3/22/2012 12:50:26 PM
By: TradingEconomics.com
Switzerland's trade surplus reached 2.7 billion francs in February, up from the 1.6 billion francs in January, with the watch industry leading export growth.
|
Swiss National Bank Keeps Minimum Exchange Rate Unchanged
Published: 3/15/2012 5:18:30 PM
By: TradingEconomics.com, SNB
The Swiss National Bank will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.
|
Swiss Inflation Falls In February
Published: 3/8/2012 12:34:56 PM
By: TradingEconomics.com, Swiss Federal Statistical Office
Consumer prices in Switzerland fell 0.9 percent year-on-year in February, after 0.8 percent decline in January. In February 2011, prices rose 0.5 percent on an yearly basis.
|
Swiss Economy Expands In Q4
Published: 3/1/2012 11:38:28 AM
By: TradingEconomics.com, Bloomberg
The Swiss economy unexpectedly expanded in the fourth quarter, bolstered by strong private consumption, foreign trade and gross fixed investments.
|
Swiss Exports Declines in December
Published: 2/2/2012 2:55:20 PM
By: TradingEconomics.com, ABS
Exports from Switzerland fell in December, hurt by turmoil in the Euro Zone which slashed demand for Swiss goods and drove the franc currency to unfavorably strong levels as investors looked for a safe place to park their money.
|
Swiss Trade Surplus Rises In November
Published: 12/20/2011 1:58:45 PM
By: TradingEconomics.com, Federal Customs Administration
The Swiss trade surplus hit CHF 3 billion in November, the second largest on record, up from CHF 2.16 billion during October.
|
SNB Holds Franc Peg at 1.20 to the Euro
Published: 12/15/2011 12:52:14 PM
By: TradingEconomics.com, SNB
The Swiss National Bank kept the minimum floor unchanged at 1.20 Swiss francs against the euro, even as it warned of a highly uncertain international economic outlook, saying that a further escalation of the European sovereign debt crisis can't be ruled out.
|
Swiss Inflation Rate Declines in November
Published: 12/6/2011 12:36:39 PM
By: TradingEconomics.com, SECO
The Swiss consumer price index fell 0.2% on the month, and 0.5% on the year in November, as the strong franc pushed automobile and food costs lower, outweighing higher energy and accommodation costs.
|
Swiss GDP Growth Slows to 0.2% in Q3
Published: 12/1/2011 1:42:47 PM
By: TradingEconomics.com, Bloomberg
Switzerland’s economy grew at the slowest pace in more than two years in the third quarter as companies cut spending and exports slumped.
|
MORE NEWS
|
|
|
|
|
|
|
|
|