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.