Markets Actual Q4 Q1 Q2 Q3 2021
Currency 0.91 0.92 0.92 0.93 0.93 0.94
Stock Market (points) 10207.13 9941 9766 9594 9425 9087
Government Bond 10Y (%) -0.52 0.05 0.11 0.17 0.24 0.38

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.30 1.7 1.2 0.6 0.5 0.5
GDP Annual Growth Rate (%) -8.30 -3.2 2.5 7.5 3.7 4.2
Unemployment Rate (%) 3.20 4.6 4.5 4.3 4 3.6
Inflation Rate (%) -0.80 -0.6 -0.2 0.2 0.1 0.2
Inflation Rate Mom (%) 0.00 -0.2 0.3 0.2 0.1 0.3
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (CHF Million) 3413.62 180 1580 2980 3200 80
Current Account (CHF Million) 9877.53 19500 20800 17800 17600 17500
Current Account to GDP (%) 10.20 7.5 7.8 7.8 7.8 7.8
Government Debt to GDP (%) 41.00 51 48 48 48 48
Government Budget (% of GDP) 1.50 -6.2 -2.8 -2.8 -2.8 -2.8
Business Confidence (points) 113.80 100 95 97 92 94
Manufacturing PMI (points) 53.10 47 50.5 53.2 53 53.6
Consumer Confidence (points) -12.00 -14 -12 -10 -9 -8
Retail Sales MoM (%) -1.90 0.5 1.1 0.6 -1 0.5
Corporate Tax Rate (%) 18.00 17.77 18 18 18 17.77
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.30 1.7 1.2 0.6 0.5 0.5
GDP Annual Growth Rate (%) -8.30 -3.2 2.5 7.5 3.7 4.2
GDP (USD Billion) 703.08 650 695 695 695 695
GDP Constant Prices (CHF Million) 160985.62 180606 174074 179793 173060 184038
Gross Fixed Capital Formation (CHF Million) 39178.60 43959 42785 44026 42117 44794
GDP per capita (USD) 79406.70 77200 78200 78200 78200 78200
GDP per capita PPP (USD) 68627.80 66500 67500 67500 67500 67500

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 3.20 4.6 4.5 4.3 4 3.6
Wages (CHF/Month) 6304.00 6424 6317 6336 6373 6527
Wages in Manufacturing (points) 112.90 116 113 113 114 118
Population (Million) 8.54 8.6 8.66 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
Long Term Unemployment Rate (%) 1.40 1.9 2.1 1.8 1.7 1.7
Non Farm Payrolls (Thousand) 5095.00 4610 4650 4750 4810 4890
Wage Growth (%) 0.90 0.2 0.5 1.1 1 1.2

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.80 -0.6 -0.2 0.2 0.1 0.2
Inflation Rate Mom (%) 0.00 -0.2 0.3 0.2 0.1 0.3
Consumer Price Index CPI (points) 101.21 101 101 102 101 101
Core Consumer Prices (points) 100.81 102 101 102 102 103
Core Inflation Rate (%) -0.30 0.2 0.5 0.6 0.7 0.7
Producer Prices (points) 97.98 105 98.84 98.34 98.49 107
Producer Prices Change (%) -3.10 -2 -0.6 0.2 0.4 0.9
Food Inflation (%) 0.50 0.2 0.6 0.4 0.8 1
Cpi Housing Utilities (points) 103.24 103 103 104 103 104
CPI Transportation (points) 99.16 102 102 99.47 99.26 102
Harmonised Consumer Prices (points) 100.44 101 101 101 101 101

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.77 -0.46 -0.76 -0.76 -0.76 0.04
Deposit Interest Rate (%) -0.38 -0.06 -0.37 -0.37 -0.37 0.44

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (CHF Million) 3413.62 180 1580 2980 3200 80
Current Account (CHF Million) 9877.53 19500 20800 17800 17600 17500
Current Account to GDP (%) 10.20 7.5 7.8 7.8 7.8 7.8
Imports (CHF million) 14914.47 15620 16120 16500 17700 18420
Exports (CHF million) 18328.09 17200 19100 19700 20400 21900
Tourist Arrivals (Thousand) 1540.00 690 950 1500 1650 910

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 41.00 51 48 48 48 48
Government Budget (% of GDP) 1.50 -6.2 -2.8 -2.8 -2.8 -2.8
Government Budget Value (CHF Million) 8097.00 -2200 -840 -840 -840 -840
Government Spending (CHF Million) 20428.04 25100 25600 24800 22900 22500
Government Spending to GDP (%) 32.70 37 36 36 36 36

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 18.00 17.77 18 18 18 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 12 12.46
Social Security Rate For Companies (%) 6.00 6.23 6 6 6 6.23
Social Security Rate For Employees (%) 6.00 6.23 6 6 6 6.23

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 113.80 100 95 97 92 94
Manufacturing PMI (points) 53.10 47 50.5 53.2 53 53.6
Industrial Production (%) -8.60 -2.8 2.5 7.5 5.1 5.1
Services Pmi (points) 51.70 48 51 52.8 53.2 54
Zew Economic Sentiment Index 26.20 15 18 16 12 14

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -12.00 -14 -12 -10 -9 -8
Retail Sales MoM (%) -1.90 0.5 1.1 0.6 -1 0.5
Retail Sales YoY (%) 2.50 -1.2 4.5 2.2 1.8 4.8
Consumer Spending (CHF Million) 82029.70 95815 91172 92025 88182 97635
Consumer Credit (CHF Million) 910322.00 895982 870285 921988 975679 913006
Gasoline Prices (USD/Liter) 1.58 1.42 1.43 1.35 1.29 1.35


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.