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.
Current Account in Switzerland averaged 8197.22 CHF Million from 1972 until 2020, 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. 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 July of 2020.
Current Account in Switzerland is expected to be 15900.00 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 20800.00 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.