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. source: Swiss National Bank

Current Account in Switzerland averaged 8178.60 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 November of 2020.

Current Account in Switzerland is expected to be 19100.00 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 17800.00 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
9877.53 14534.75 25242.98 -3125.98 1972 - 2020 CHF Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-20 08:00 AM Q3 CHF 18B CHF 19.2B CHF17.5B
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 19.1B
2021-03-23 08:00 AM Q4
2021-06-29 07:00 AM Q1
2021-09-21 07:00 AM Q2
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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
Swiss Current Account Surplus Widens in Q3
The current account surplus in Switzerland increased to CHF 18.1 billion in the third quarter of 2019 from CHF 13.1 billion a year earlier. The goods and services surplus widened to CHF 22 billion from CHF 17.2 billion, mainly due to higher exports of non-monetary gold. Slight increases in exports of telecommunications, computer and information services as well as maintenance and repair services were offset by a decline in receipts from licence fees. Imports also increased for transport services, research and development services, and maintenance and repair services. The primary income deficit narrowed to CHF 1 billion from CHF 1.9 billion, amid lower earnings from direct investment in Switzerland. The secondary income gap widened to CHF 2.9 billion from CHF 2.3 billion, mainly due to higher foreign claim payments by reinsurance companies.
2019-12-20

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).