Markets Actual Q3 Q4 Q1 Q2 2021
Currency 0.94 0.95 0.95 0.96 0.96 0.97
Stock Market (points) 10253.38 9948 9772 9600 9431 9093
Government Bond 10Y (%) -0.38 0.04 0.08 0.13 0.18 0.28

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.60 2.5 1 1.2 0.6 0.5
GDP Annual Growth Rate (%) -1.30 -4.4 -3.2 2.5 4.5 4.2
Unemployment Rate (%) 3.40 4.5 4.6 4.2 3.8 3.6
Inflation Rate (%) -1.30 -0.7 0.3 0.5 1 0.8
Inflation Rate Mom (%) 0.00 0.3 -0.2 0.3 0.2 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF million) 2811.00 840 580 1980 1200 3480
Current Account (CHF Million) 17359.51 19100 19500 20800 17800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.8 7.8 7.8
Government Debt to GDP (%) 41.00 48 48 54 54 54
Government Budget (% of GDP) 1.50 -6.2 -6.2 -4.8 -4.8 -4.8
Business Confidence (points) 59.40 76 82 85 87 94
Manufacturing PMI (points) 41.90 46 47 50.5 53.2 51
Consumer Confidence (points) -39.30 -20 -14 -12 -10 -8
Retail Sales MoM (%) 30.70 -1.2 0.5 1.1 0.6 0.5
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.60 2.5 1 1.2 0.6 0.5
GDP Annual Growth Rate (%) -1.30 -4.4 -3.2 2.5 4.5 4.2
GDP (USD Billion) 703.08 650 650 695 695 695
GDP Constant Prices (CHF Million) 174007.83 174147 172948 178358 181838 180212
Gross Fixed Capital Formation (CHF Million) 42520.60 41899 42291 43584 44434 44068
GDP per capita (USD) 78816.20 77200 77200 77900 77900 77900
GDP per capita PPP (USD) 68627.80 66500 66500 67500 67500 67500

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.40 4.5 4.6 4.2 3.8 3.6
Wages (CHF/Month) 6291.00 6253 6304 6322 6360 6379
Wages in Manufacturing (points) 112.40 112 113 113 114 114
Population (Million) 8.54 8.6 8.6 8.66 8.66 8.66
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Non Farm Payrolls (Thousand) 5102.00 4690 4610 4650 4750 4800
Wage Growth (%) 0.50 -0.6 0.2 0.5 1.1 1.2

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -1.30 -0.7 0.3 0.5 1 0.8
Inflation Rate Mom (%) 0.00 0.3 -0.2 0.3 0.2 0.3
Consumer Price Index CPI (points) 101.37 101 102 102 102 103
Core Consumer Prices (points) 100.96 101 101 102 102 102
Core Inflation Rate (%) -0.80 -0.3 0.2 0.5 0.6 0.7
Producer Prices (points) 97.65 98.89 99.68 99.84 98.43 101
Producer Prices Change (%) -4.50 -2.2 -1 0.4 0.8 1.2
Food Inflation (%) 1.00 0.8 0.5 0.6 0.4 1.1
Cpi Housing Utilities (points) 103.43 103 104 104 104 105
CPI Transportation (points) 99.27 102 103 103 100 103
Harmonised Consumer Prices (points) 100.53 101 101 101 102 102

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.68 -0.67 -0.67 -0.67 -0.67 -0.67
Deposit Interest Rate (%) -0.36 -0.4 -0.06 -0.4 -0.4 0.44

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (CHF million) 2811.00 840 580 1980 1200 3480
Current Account (CHF Million) 17359.51 19100 19500 20800 17800 17500
Current Account to GDP (%) 10.20 7.5 7.5 7.8 7.8 7.8
Imports (CHF million) 13637.00 14180 16620 17120 18500 18420
Exports (CHF million) 16448.00 15020 17200 19100 19700 21900
Tourist Arrivals (Thousand) 1343.00 1000 1200 1300 1500 1800

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 41.00 48 48 54 54 54
Government Budget (% of GDP) 1.50 -6.2 -6.2 -4.8 -4.8 -4.8
Government Budget Value (CHF Million) 8097.00 -2200 -2200 -840 -840 -840
Government Spending (CHF Million) 20389.76 19666 19599 20900 21307 20422
Government Spending to GDP (%) 32.70 37 37 36 36 36

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 7.70 7.7 7.7 7.7 7.7 7.7
Social Security Rate (%) 12.00 12 12 12 12 12
Social Security Rate For Companies (%) 6.00 6 6 6 6 6
Social Security Rate For Employees (%) 6.00 6 6 6 6 6

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 59.40 76 82 85 87 94
Manufacturing PMI (points) 41.90 46 47 50.5 53.2 51
Industrial Production (%) 0.80 -12 -4.2 2.5 3.6 5.1
Zew Economic Sentiment Index 48.70 12 15 18 16 14

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -39.30 -20 -14 -12 -10 -8
Retail Sales MoM (%) 30.70 -1.2 0.5 1.1 0.6 0.5
Retail Sales YoY (%) 6.60 -2.8 -1.2 2.5 3.6 4.8
Consumer Spending (CHF Million) 90950.50 91913 91249 93224 95043 95082
Consumer Credit (CHF Million) 902357.00 871782 870285 921988 942963 906837
Gasoline Prices (USD/Liter) 1.47 1.4 1.33 1.26 1.2 1.14


This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy.