Markets Actual Q2 Q3 Q4 Q1 2022
Currency 0.92 0.93 0.93 0.94 0.94 0.95
Stock Market (points) 11252.82 11000 10807 10616 10429 10055
Government Bond 10Y (%) -0.32 0.03 0.07 0.11 0.16 0.25

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.30 2 3.8 1.5 1 0.5
GDP Annual Growth Rate (%) -1.60 7.5 3.7 4.2 4.2 2.2
Unemployment Rate (%) 3.40 4.3 4 3.6 3.4 3.2
Inflation Rate (%) -0.20 0.2 0.1 0.2 0.3 0.5
Inflation Rate Mom (%) 0.30 0.2 0.1 0.3 0.3 0.2
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 3335.95 2700 2980 80 80 80
Current Account (CHF Million) -2852.76 17800 17600 17500 17500 16200
Current Account to GDP (%) 10.90 7.8 7.8 7.8 7.8 8.2
Government Debt to GDP (%) 41.00 48 48 48 48 46
Government Budget (% of GDP) 1.50 -2.8 -2.8 -2.8 -2.8 -0.6
Business Confidence (points) 117.80 115 109 110 106 105
Manufacturing PMI (points) 66.30 53.2 53 53.6 53.6 52
Consumer Confidence (points) -14.60 -10 -9 -8 -8 -6
Retail Sales MoM (%) -5.20 0.6 -1 -1 -1 0.5
Corporate Tax Rate (%) 18.00 17.77 18 17.77 17.77 17.77
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.30 2 3.8 1.5 1 0.5
GDP Annual Growth Rate (%) -1.60 7.5 3.7 4.2 4.2 2.2
GDP (USD Billion) 703.08 695 695 695 695 730
GDP Constant Prices (CHF Million) 180629.43 176033 179823 184038 188216 192357
Gross Fixed Capital Formation (CHF Million) 46941.70 45089 46180 44794 48913 49989
GDP per capita (USD) 79406.70 78200 78200 78200 78200 79500
GDP per capita PPP (USD) 68627.80 67500 67500 67500 67500 68200

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 3.40 4.3 4 3.6 3.4 3.2
Wages (CHF/Month) 6304.00 6424 6317 6527 6527 6527
Wages in Manufacturing (points) 112.90 116 113 118 118 118
Population (Million) 8.61 8.66 8.66 8.66 8.72 8.72
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.60 1.8 1.7 1.7 1.7 1.6
Non Farm Payrolls (Thousand) 5135.00 4750 4810 4890 4890 4990
Wage Growth (%) 1.30 1.1 1 1.2 1.2 1.7

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) -0.20 0.2 0.1 0.2 0.3 0.5
Inflation Rate Mom (%) 0.30 0.2 0.1 0.3 0.3 0.2
Consumer Price Index CPI (points) 100.56 101 101 104 100 101
Core Consumer Prices (points) 100.11 102 101 103 103 103
Core Inflation Rate (%) -0.40 0.6 0.7 0.7 0.7 1.1
Producer Prices (points) 100.31 99.97 99.99 101 101 102
Producer Prices Change (%) -1.10 0.2 0.4 0.9 0.9 1.2
Food Inflation (%) -1.50 0.4 0.8 1 0.8 1.4
Cpi Housing Utilities (points) 100.79 99.83 100 106 100 101
CPI Transportation (points) 102.91 102 99.56 105 100 101
Harmonised Consumer Prices (points) 100.19 101 101 104 100 101

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.75 -0.75 -0.75 0.04 -0.75 -0.75
Deposit Interest Rate (%) -0.40 -0.4 -0.4 0.44 -0.4 -0.4

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CHF Million) 3335.95 2700 2980 80 80 80
Current Account (CHF Million) -2852.76 17800 17600 17500 17500 16200
Current Account to GDP (%) 10.90 7.8 7.8 7.8 7.8 8.2
Imports (CHF million) 15361.47 16500 17700 18420 18420 21520
Exports (CHF million) 18697.42 19700 20400 21900 21900 23700
Tourist Arrivals (Thousand) 422.00 1500 1650 910 910 1200

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 41.00 48 48 48 48 46
Government Budget (% of GDP) 1.50 -2.8 -2.8 -2.8 -2.8 -0.6
Government Budget Value (CHF Million) 8097.00 -840 -840 -840 -840 -450
Government Spending (CHF Million) 20747.82 24800 22900 22500 22500 23000
Government Spending to GDP (%) 32.70 36 36 36 36 34

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 18.00 17.77 18 17.77 17.77 17.77
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 12.46 12 12.46 12.46 12.46
Social Security Rate For Companies (%) 6.00 6.23 6 6.23 6.23 6.23
Social Security Rate For Employees (%) 6.00 6.23 6 6.23 6.23 6.23

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 117.80 115 109 110 106 105
Manufacturing PMI (points) 66.30 53.2 53 53.6 53.6 52
Industrial Production (%) -3.80 7.5 5.1 5.1 5.1 3.2
Services PMI (points) 49.10 52.8 53.2 54 54 53.6
Zew Economic Sentiment Index 66.70 16 12 14 14 7

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -14.60 -10 -9 -8 -8 -6
Retail Sales MoM (%) -5.20 0.6 -1 -1 -1 0.5
Retail Sales YoY (%) -6.30 2.2 1.8 4.8 4.8 2.6
Consumer Spending (CHF Million) 90674.60 87306 88244 97635 94483 96562
Consumer Credit (CHF Million) 929170.00 878812 975679 913006 946225 967042
Gasoline Prices (USD/Liter) 1.76 1.64 1.56 1.35 1.41 1.34


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.