The current account surplus in Switzerland shrank to CHF 9 billion in the third quarter of 2020 from CHF 12 billion in the same period a year ago. It was the smallest current account surplus since the first quarter of 2019, as the services account shifted to a deficit of CHF 0.5 billion compared to a surplus of CHF 1.8 billion in Q3 2019; and the goods surplus decreased to CHF 14.4 billion from CHF 19.1 billion, mainly attributable to gold trading. At the same time, the primary income gap fell to CHF 4.7 billion from CHF 5.9 billion a year ago and the secondary income shortfall went down to CHF 0.5 billion from CHF 3.1 billion in the same period of 2019. source: Swiss National Bank

Current Account in Switzerland averaged 7925.55 CHF Million from 1972 until 2020, reaching an all time high of 25242.98 CHF Million in the second quarter of 2013 and a record low of -3125.98 CHF Million in the first quarter of 2009. 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 March of 2021.

Current Account in Switzerland is expected to be 19500.00 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 17600.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 17500.00 CHF Million in 2021 and 16200.00 CHF Million in 2022, according to our econometric models.

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Switzerland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
8778.45 13130.51 25242.98 -3125.98 1972 - 2020 CHF Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 08:00 AM Q4 CHF 26B CHF 20B CHF 21.8B
2020-06-29 07:00 AM Q1 CHF 17B CHF 21B CHF 18.2B
2020-09-21 07:00 AM Q2 CHF 9.9B CHF 14.5B CHF 25.9B
2020-12-18 08:00 AM Q3 CHF 9B CHF 13.1B CHF 19.1B
2021-03-22 08:00 AM Q4 CHF 9B
2021-06-22 07:00 AM Q1
2021-09-22 07:00 AM Q2
2021-12-21 08:00 AM Q3


News Stream
Switzerland Current Account Surplus Narrows in Q3
The current account surplus in Switzerland shrank to CHF 9 billion in the third quarter of 2020 from CHF 12 billion in the same period a year ago. It was the smallest current account surplus since the first quarter of 2019, as the services account shifted to a deficit of CHF 0.5 billion compared to a surplus of CHF 1.8 billion in Q3 2019; and the goods surplus decreased to CHF 14.4 billion from CHF 19.1 billion, mainly attributable to gold trading. At the same time, the primary income gap fell to CHF 4.7 billion from CHF 5.9 billion a year ago and the secondary income shortfall went down to CHF 0.5 billion from CHF 3.1 billion in the same period of 2019.
2020-12-18
Swiss Current Account Surplus Smallest since 2017
The current account surplus in Switzerland shrank to CHF 10 billion in the second quarter of 2020 from CHF 20.6 billion a year earlier. It was the smallest current account surplus since the third quarter of 2017, as the primary income balance shifted to a deficit of CHF 3.2 billion compared to a surplus of CHF 3.7 billion in Q2 of 2019, due to lower receipts from direct investment abroad. Also, the secondary income gap rose to CHF 3.2 billion from CHF 2.5 billion in the same period of 2019. Meanwhile, the goods surplus decreased slightly to CHF 15.2 billion from CHF 17.6 billion and the services surplus also went down to CHF 1.2 billion from CHF 1.9 billion.
2020-09-21
Switzerland Current Account Surplus Falls in Q1
The current account surplus in Switzerland narrowed to CHF 17.4 billion in the first quarter of 2020 from CHF 20.1 billion a year earlier, mainly due to trade in services, particularly licence fees, telecommunications, computer and information services, and business services. The services surplus dhrank sharply to CHF 3 billion from CHF 6.6 billion. The primary income surplus also fell to CHF 0.13 billion from CHF 0.33 billion and the secondary income gap went down to CHF 3.1 billion from CHF 2.9 billion. In contrast, the goods surplus widened to CHF 17.4 billion from CHF 16.1 billion.
2020-06-29
Switzerland Posts Record Current Account Surplus in Q4
The current account surplus in Switzerland rose to CHF 25.8 billion in the fourth quarter of 2019 from CHF 14.7 billion a year earlier. This was the largest current account surplus since at least Q1 1972, as the goods surplus went up to CHF 18.3 billion from CHF 16.4 billion, mainly due to higher exports of non-monetary gold; and the services surplus rose to CHF 3.7 billion from CHF 3.4 billion in the fourth quarter of 2018. Meantime, the primary income balance shifted to a surplus of CHF 6.6 billion compared to a deficit of CHF 2.3 billion and the secondary income gap remained unchanged at CHF 2.8 billion. Considering the full year of 2019, the current account surplus widened to CHF 86 billion from CHF 57 billion a year ago.
2020-03-23

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).