Switzerland GDP Growth Rate 1980-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Switzerland stagnated 0 percent in the second 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
0.00 0.50 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 Monday, November 24, 2014.


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.

Household consumption expenditure and that of non-profit organizations increased by 0.2 percent compared with the previous quarter. Positive contribution came in particular from housing and recreation and culture. Expenditure on healthcare delivered negative contributions. General government and social security consumption expenditure fell for the second time in succession (-0.3 percent).

Gross fixed investments remained at the same level as in the first quarter (0.0 percent). Investments in equipment rose by 0.7 percent, driven by investments in IT and vehicles while investment in construction reported a fall (0.7 percent).
 
Exports of goods (excluding precious metals, jewelry and gems as well as works of art and antiques) increased by 0.7 percent in the second quarter. Sales of  jewelry made a positive contribution to growth while those of chemical and pharmaceutical products also made a small positive impetus. In contrast, the remaining categories such as mechanical/electrical engineering showed a reduction. Exports of services (including tourism) increased 0.6 percent and imports of services also showed a positive trend (+2.4 percent).
 
Imports of goods (excluding precious metals, jewellery and gems as well as works of art and antiques) increased by 0.7 percent in the second quarter of 2014, with imports of chemical and pharmaceutical products in particular showing a rise. Imports of machinery/electronics as well as metals also showed a positive trend, whilst imports of precision instruments/watches/jewellery were lower.
 
On the production side, many sectors reported virtually no change in value between the the first and second quarters. Industry, energy and water supply made an overall small positive contribution to GDP growth. In contrast, the value added in the financial sector and some public sector economic areas showed a stagnating to slightly falling trend.
 
Year-on-year, the economy advanced 0.6 percent in the second quarter of 2014, after growing  a revised 2.1 percent in the previous quarter.
 

SECO l Rida l rida@tradingeconomics.com
9/2/2014 1:47:05 PM


Recent Releases

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

Swiss GDP Growth Slows in Q4
In the fourth quarter of 2013, Switzerland’s economic growth slowed to 0.2 percent over the previous three-month period, the lowest rate in six quarters, hurt by a fall in exports due to weak global demand for chemical and pharmaceutical products. Published on 2014-02-27


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-02-27 06:45 AM
GDP Growth Rate QoQ  Q4 2013
0.2% 0.5% 0.4% 0.56%
2014-05-28 06:45 AM
GDP Growth Rate QoQ  Q1 2014
0.5% 0.2% 0.6% 0.47%
2014-09-02 06:45 AM
GDP Growth Rate QoQ  Q2 2014
0.0% 0.5% 0.5% 0.32%
2014-11-27 06:45 AM
GDP Growth Rate QoQ  Q3 2014
0.0% 0.33%


Switzerland GDP Last Previous Highest Lowest Unit
GDP 650.78 631.18 658.87 9.50 USD Billion [+]
GDP Growth Rate 0.00 0.50 1.90 -2.20 percent [+]
GDP Annual Growth Rate 0.60 2.10 7.30 -3.70 percent [+]
GDP Constant Prices 161307.70 140899.00 161307.70 79948.80 CHF Million [+]
GDP per capita 55485.60 54995.91 55485.60 18970.15 USD [+]
Gross Fixed Capital Formation 37640.00 29919.40 37640.00 15478.20 CHF Million [+]
GDP per capita PPP 51749.30 51292.59 51749.30 43014.92 USD [+]