Switzerland's gross domestic product shrank by a record 8.3 percent year-on-year in the second quarter of 2020, compared to an initial estimate of a 9.3 percent contraction, revised figures showed at the end of September.

GDP Annual Growth Rate in Switzerland averaged 1.73 percent from 1981 until 2020, reaching an all time high of 6 percent in the first quarter of 1990 and a record low of -8.30 percent in the second quarter of 2020. This page provides - Switzerland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

GDP Annual Growth Rate in Switzerland is expected to be -4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Switzerland to stand at 7.50 in 12 months time. In the long-term, the Switzerland GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Switzerland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.30 -0.60 6.00 -8.30 1981 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-28 06:45 AM Q3 1.1% 0.2% 0.8% 0.9%
2020-03-03 06:45 AM Q4 1.5% 1.1% 1.3% 1.4%
2020-06-03 05:45 AM Q1 -1.3% 1.6% -0.9% -1.4%
2020-08-27 05:45 AM Q2 -9.3% -0.7% -9.6% -10.7%
2020-12-01 06:45 AM Q3 -8.3% -4.4%

Switzerland GDP Annual Growth Rate
Switzerland’s is one of the wealthiest countries in the world. Key areas of the economy include micro-technology, hi-tech, biotechnology and pharmaceuticals, as well as banking and insurance know-how. .