Switzerland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Switzerland expanded 1.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Switzerland is reported by the State Secretariat for Economic Affairs. GDP Annual Growth Rate in Switzerland averaged 1.68 Percent from 1981 until 2013, reaching an all time high of 7.30 Percent in the first quarter of 1990 and a record low of -3.70 Percent in the second quarter of 2009. In Switzerland, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Switzerland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.70 2.10 7.30 -3.70 2.49 | 2014/03 1981 - 2013 Percent Quarterly

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Switzerland GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-30 06:45 AM Switzerland
GDP Growth Rate YoY
Q1 2013 1.1% 1.4% 1.0% 1.80%
2013-09-03 06:45 AM Switzerland
GDP Growth Rate YoY
Q2 2013 2.5% 1.2% (R) 1.7% 1.31%
2013-11-28 06:45 AM Switzerland
GDP Growth Rate YoY
Q3 2013 1.9% 2.5% 1.7% 2.1%
2014-02-27 06:45 AM Switzerland
GDP Growth Rate YoY
Q4 2013 1.7% 2.1% (R) 2.0% 2.85%
2014-05-27 06:45 AM Switzerland
GDP Growth Rate YoY
Q1 2014 1.7% 2.49%
2014-09-02 06:45 AM Switzerland
GDP Growth Rate YoY
Q2 2014 2.25%
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 55066.12 2012-12-31 55122.88 55377.82 18970.15 55174.54 2014-06-30 USD [+]
GDP per capita PPP 39344.14 2012-12-31 39384.69 39566.84 29110.94 39421.60 2014-06-30 USD [+]
GDP Constant Prices 140314.80 2013-11-15 140092.00 140314.80 79948.80 141187.11 2014-03-31 CHF Million [+]
Gross Fixed Capital Formation 29869.30 2013-11-15 29425.10 29869.30 15478.20 30024.09 2014-03-31 CHF Million [+]
GDP Growth Rate 0.20 2013-12-31 0.50 1.90 -2.20 0.47 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.70 2013-12-31 2.10 7.30 -3.70 2.49 2014-03-31 Percent [+]
GDP 632.20 2012-12-31 659.30 659.30 9.50 664.17 2014-06-30 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
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Swiss unadjusted jobless rate decreased to 3.3 percent in March of 2014 from 3.5 percent in the previous month.
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Switzerland’s annual inflation rate was recorded at 0.0 percent in March of 2014, after falling 0.1 percent in the previous month. On a monthly basis, prices recorded the highest increase in twelve months.
Swiss Trade Surplus Widens for the Second Straight Month  
Switzerland’s trade surplus increased to CHF 2.6 billion, up from CHF 2.5 billion in the previous month and CHF 1.95 billion a year earlier, boosted by higher exports of chemicals and pharmaceuticals and the strongest growth in sales to China in three years.
Swiss National Bank Keeps Minimum Exchange Rate  
In its March 20th, 2014 meeting, the Swiss Bank left the target range for the Swiss Franc Libor unchanged at 0.0–0.25 percent, maintaining its minimum exchange rate of CHF 1.20 per euro, as no upside risks to the consumer prices are expected in the near future. The Bank also cut its forecast for inflation this year and 2015.
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Switzerland’s unadjusted jobless rate remained steady at 3.5 percent in February for the second straight month. A year earlier, the unemployment rate was recorded at 3.4 percent.
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.
Swiss Trade Surplus Widens in January  
In January of 2014, Switzerland’s trade surplus increased to CHF 2.59 billion, the highest surplus in the last eight months, boosted by higher exports. The chemicals and pharmaceuticals industry generated half of the export growth.
Swiss Inflation Rate Stable at 0.1% in January  
In January of 2014, Switzerland’s annual inflation rate was recorded at 0.1 percent for the third straight month. On a monthly basis, prices fell for the second month in a row by 0.3 percent, as cost of imported products declined 1.3 percent.
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