The Swiss current account surplus rose to CHF 17.2 billion in the first quarter of 2019 from CHF 16.8 billion in the corresponding period of the previous year. The services surplus widened to CHF 6.8 billion from CHF 5.5 billion a year earlier and the goods surplus was barely unchanged at CHF 16 billion. Meantime, the primary income deficit fell to CHF 2.5 billion from CHF 2.7 billion while the secondary income gap edged up to CHF 3.0 billion from CHF 2.0 billion. Current Account in Switzerland averaged 8006.49 CHF Million from 1972 until 2019, 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 26800.00 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 18200.00 in 12 months time. In the long-term, the Switzerland Current Account is projected to trend around 17500.00 CHF Million in 2020, according to our econometric models.