Switzerland GDP Growth Rate  1980-2016 | Data | Chart | Calendar

Switzerland's economy grew by 0.6 percent in the June quarter of 2016, as compared to an upwardly revised 0.3 percent expansion reported in the previous three months and beating market consensus of a 0.4 percent growth. It was the strongest growth since the fourth quarter 2014. Year-on-year, the economy expanded 2.0 percent, accelerating from an upwardly revised 1.1 percent growth in the March quarter while market estimated a 0.9 percent growth. GDP Growth Rate in Switzerland averaged 0.43 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. 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
0.60 0.30 2.10 -1.90 1980 - 2016 percent Quarterly
SA, WDA
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-02 06:45 AM Q4 0.4% -0.1% 0.2% 0.2%
2016-06-01 05:45 AM Q1 0.1% 0.4% 0.2% 0.6%
2016-09-06 05:45 AM Q2 0.6% 0.3% 0.4% 0.4%
2016-12-02 06:45 AM Q3 0.6% 0.5%

Switzerland GDP Growth Strongest in 1-1/2 Years in Q2


Switzerland's economy grew by 0.6 percent in the June quarter of 2016, as compared to an upwardly revised 0.3 percent expansion reported in the previous three months and beating market consensus of a 0.4 percent growth. It was the strongest growth since the fourth quarter 2014, mainly driven by government spending and foreign trade.

In the second quarter, household consumption remained unchanged, following a 0.5 percent increase in the previous quarter. Government expenditure grew by 1.7 percent, significantly faster than a 0.2 percent expansion in the preceding three months. 

Investment in equipment fell  0.9 percent, compared to a 3.7 percent growth in the March, mainly due to machines and vehicles. Investment in construction also dropped by 0.3 percent, faster than a 0.2 percent decline previously.

Exports of goods (excluding non-monetary gold and valuables) increased by 0.8 percent, compared to a 2.3 percent increase in the preceding quarter. Positive contributions came from chemicals and pharmaceuticals. In contrast, sales declined for precision instruments, watches, jewelry and machinery/appliances. heading. Imports of goods (excluding non-monetary gold and valuables) rose 0.5 percent, slowing slightly  from a 0.6 percent increase in the March quarter.

Year-on-year, the economy expanded 2.0 percent, accelerating from an upwardly revised 1.1 percent growth in the March quarter while market estimated a 0.9 percent growth. It was also the fastest expansion since the December quarter 2014.

Seco l Rida Husna | rida@tradingeconomics.com
9/6/2016 7:38:01 AM

Switzerland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.30 2.10 -1.90 percent [+]
GDP Annual Growth Rate 2.00 1.10 5.40 -3.60 percent [+]
GDP 664.74 701.04 701.04 9.52 USD Billion [+]
GDP Constant Prices 165630.95 164609.70 165630.95 88530.28 CHF Million [+]
Gross Fixed Capital Formation 39900.40 40164.60 40164.60 18453.20 CHF Million [+]
GDP per capita 75550.82 75768.79 75768.79 54030.36 USD [+]
GDP per capita PPP 55111.98 55270.98 55270.98 44614.78 USD [+]




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