Switzerland’s current account surplus narrowed sharply to CHF 7.0 billion in the fourth quarter of 2025, down from CHF 23.5 billion in the same period a year earlier. This marks the smallest figure in two years, as the goods surplus fell to a more than five-year low of CHF 15.2 billion from CHF 29.1 billion in the fourth quarter of 2024, while the primary income surplus eased to CHF 1.3 billion from CHF 1.5 billion. Meanwhile, the services deficit widened to CHF 6.7 billion from CHF 4.6 billion, and the secondary income shortfall increased to CHF 2.9 billion from CHF 2.6 billion. For the full year, the current account surplus declined to CHF 61.7 billion from CHF 76.2 billion in 2024. source: Swiss National Bank

Switzerland recorded a Current Account surplus of 6962.68 CHF Million in the fourth quarter of 2025. Current Account in Switzerland averaged 7787.50 CHF Million from 1972 until 2025, reaching an all time high of 27378.76 CHF Million in the third quarter of 2022 and a record low of -17161.97 CHF Million in the fourth quarter of 2020. This page provides - Switzerland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Switzerland recorded a Current Account surplus of 6962.68 CHF Million in the fourth quarter of 2025. Current Account in Switzerland is expected to be 11900.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Current Account is projected to trend around 22000.00 CHF Million in 2027 and 19000.00 CHF Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 08:00 AM
Current Account
Q3 CHF15.4B CHF12.5B CHF 14.5B
2026-03-24 08:00 AM
Current Account
Q4 CHF7.0B CHF15.8B CHF12.5B
2026-06-23 07:00 AM
Current Account
Q1 CHF7.0B CHF 11.9B


Related Last Previous Unit Reference
Balance of Trade 4445.00 3463.00 CHF Million Feb 2026
Capital Flows 14641.09 -4325.84 CHF Million Dec 2025
Current Account 6962.68 15784.96 CHF Million Dec 2025
Current Account to GDP 5.10 5.30 percent of GDP Dec 2024
Exports 22206.00 22826.00 CHF million Feb 2026
External Debt 1964432.60 1964089.10 CHF Million Dec 2025
Foreign Direct Investment 925710.60 936272.40 CHF Million Dec 2024
Imports 17761.00 19363.00 CHF million Feb 2026
Tourism Revenues 4284.50 5818.20 CHF Million Dec 2025


Switzerland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
6962.68 15784.96 27378.76 -17161.97 1972 - 2025 CHF Million Quarterly
Current Prices, NSA

News Stream
Swiss Current Account Surplus Smallest in 2Y
Switzerland’s current account surplus narrowed sharply to CHF 7.0 billion in the fourth quarter of 2025, down from CHF 23.5 billion in the same period a year earlier. This marks the smallest figure in two years, as the goods surplus fell to a more than five-year low of CHF 15.2 billion from CHF 29.1 billion in the fourth quarter of 2024, while the primary income surplus eased to CHF 1.3 billion from CHF 1.5 billion. Meanwhile, the services deficit widened to CHF 6.7 billion from CHF 4.6 billion, and the secondary income shortfall increased to CHF 2.9 billion from CHF 2.6 billion. For the full year, the current account surplus declined to CHF 61.7 billion from CHF 76.2 billion in 2024.
2026-03-24
Swiss Current Account Surplus Widens in Q3
Switzerland’s current account surplus widened sharply to CHF 15.4 billion in the third quarter of 2025 from CHF 7.6 billion in the same period of the previous year. The primary income deficit saw improvement, narrowing to CHF 3.3 billion from CHF 9.9 billion, while the secondary income shortfall decreased to CHF 1.2 billion from CHF 5.4 billion a year earlier. At the same time, the services account deficit shrank to CHF 2.8 billion from CHF 4.6 billion. Meanwhile, the goods account surplus contracted to CHF 22.6 billion from CHF 29.1 billion in Q3 2024.
2025-12-19
Swiss Current Account Surplus Narrows in Q2
Switzerland’s current account surplus narrowed sharply to CHF 10.2 billion in the second quarter of 2025 from CHF 24.9 billion in the same period of the previous year. This marked the smallest current account surplus since the third quarter of 2024, driven largely by the decrease in goods account surplus to CHF 19.2 billion from CHF 32.6 billion. At the same time, the primary income deficit widened to CHF 4.9 billion from CHF 3.9 billion, while the secondary income deficit rose sharply to CHF 2.6 billion from CHF 0.7 billion a year earlier. Meanwhile, the services shortfall narrowed to CHF 1.5 billion from CHF 3.1 billion.
2025-09-23