The Swiss current account surplus widened to CHF 22.1 billion in the second quarter of 2018 from CHF 20.4 billion in the same period of the previous year. The goods surplus increased to CHF 15.2 billion from CHF 14.2 billion in Q2 2017, mostly due to higher exports of chemical and pharmaceutical products. Also, the services surplus advanced to CHF 4.6 billion from CHF 4.1 billion and the primary income surplus rose to CHF 4.8 billion from CHF 4.5 billion. On the other hand, the secondary income deficit went up to CHF 2.5 billion from CHF 2.4 billion. 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 17014.68 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.