The Swiss current account surplus rose to CHF 14.6 billion in the third quarter of 2018 from CHF 7.9 billion in the corresponding period of the previous year. The goods surplus widened to CHF 10.5 billion from CHF 9.0 billion and the secondary income deficit narrowed sharply to CHF 2.4 billion from CHF 4.8 billion in Q3 of 2017. In addition, the primary income account posted a surplus of CHF 1.5 billion, compared to a CHF 1.6 billion gap a year earlier. Meanwhile, the services surplus decreased to CHF 5.0 billion from CHF 5.3 billion in the same period of the prior year. Current Account in Switzerland averaged 7988.45 CHF Million from 1972 until 2018, reaching an all time high of 25032.31 CHF Million in the first quarter of 2010 and a record low of -2851.91 CHF Million in the first quarter of 2009.
Current Account in Switzerland is expected to be 25100.00 CHF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Switzerland to stand at 21800.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 19500.00 CHF Million in 2020, according to our econometric models.