Markets Actual Q4 Q1 Q2 Q3 2023
Currency 0.98 1 1.01 1.03 1.04 1.07
Stock Market (points) 10477.69 9993 9726 9467 9214 8729
Government Bond 10Y (%) 1.13 1.36 1.5 1.65 1.81 2.19

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.30 -0.4 0.4 0.6 0.5 0.4
GDP Annual Growth Rate (%) 2.80 0.7 0.9 1.2 1 0.2
Unemployment Rate (%) 2.00 3.6 3.6 4.2 4 3.8
Inflation Rate (%) 3.30 3.7 3.4 2.9 2.5 2
Inflation Rate MoM (%) -0.20 0.3 0.5 0.3 0.2 0.2
Interest Rate (%) 0.50 1 1.5 2 2 2
Balance of Trade (CHF Million) 2344.27 2600 2580 2900 3350 2660
Current Account (CHF Million) 11090.78 16200 12300 14400 11550 10900
Current Account to GDP (% of GDP) 9.30 7.6 6.8 6.8 6.8 6.8
Government Debt to GDP (% of GDP) 41.40 44.6 47 47 47 47
Government Budget (% of GDP) -0.70 -0.2 -1.6 -1.6 -1.6 -1.6
Business Confidence (points) 93.80 75 69 71 77 86
Manufacturing PMI (points) 57.10 52.3 49.9 50.2 51.5 50.9
Consumer Confidence (points) -41.70 -48.3 -36 -24.4 -12 -10
Retail Sales MoM (%) 1.20 0.5 0.5 0.7 0.5 0.5
Corporate Tax Rate (%) 14.93 14.93 14.93 14.93 14.93 14.93
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.30 -0.4 0.4 0.6 0.5 0.4
GDP Annual Growth Rate (%) 2.80 0.7 0.9 1.2 1 0.2
GDP (USD Billion) 812.87 830 770 770 770 770
GDP Constant Prices (CHF Million) 187053.09 187100 186957 188250 189298 187330
Gross Fixed Capital Formation (CHF Million) 48380.40 48459 49560 48017 48961 49659
GDP per Capita (USD) 88224.14 90400 86500 86500 86500 86500
GDP per Capita PPP (USD) 70792.66 72600 68700 68700 68700 68700

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 2.00 3.6 3.6 4.2 4 3.8
Wages (CHF/Month) 6652.00 6765 6725 6732 6685 6752
Wages in Manufacturing (points) 113.10 116 114 114 114 115
Population (Million) 8.67 8.72 8.78 8.78 8.78 8.78
Retirement Age Women 64.00 64 64 64 64 64
Retirement Age Men 65.00 65 65 65 65 65
Long Term Unemployment Rate (%) 1.70 1.8 3.3 3.3 3.9 3.7
Non Farm Payrolls (Thousand) 5316.00 5340 5340 5150 5010 4980
Wage Growth (%) 2.00 1.1 1.2 0.5 0.1 0.4

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 3.30 3.7 3.4 2.9 2.5 2
Inflation Rate MoM (%) -0.20 0.3 0.5 0.3 0.2 0.2
Consumer Price Index CPI (points) 104.58 105 106 108 107 107
Core Consumer Prices (points) 102.58 103 104 105 105 105
Core Inflation Rate (%) 2.00 2.5 2.4 2.1 1.9 1.6
Producer Prices (points) 109.57 110 111 112 114 113
Producer Prices Change (%) 5.50 5.5 4.4 3.6 2.8 1.9
Food Inflation (%) 2.90 3.2 3.6 3 2.7 2.5
Producer Price Inflation MoM (%) -0.10 0.3 0.2 0.4 0.3 0.2
Harmonised Consumer Prices (points) 104.53 105 106 107 107 107
CPI Housing Utilities (points) 106.21 106 108 109 109 108
CPI Transportation (points) 115.09 115 116 116 117 117

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 0.50 1 1.5 2 2 2
Interbank Rate (%) -0.75 -0.25 0.25 0.75 0.75 0.75
Foreign Exchange Reserves (CHF Million) 859639.00 851000 845000 849000 857000 866000
Deposit Interest Rate (%) -0.11 0.39 0.89 1.39 1.39 1.39

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (CHF Million) 2344.27 2600 2580 2900 3350 2660
Current Account (CHF Million) 11090.78 16200 12300 14400 11550 10900
Current Account to GDP (% of GDP) 9.30 7.6 6.8 6.8 6.8 6.8
Imports (CHF million) 19484.96 19520 19700 19850 20120 21740
Exports (CHF million) 21829.23 22100 22600 23200 23700 24400
Tourist Arrivals (Thousand) 2191.31 1200 1500 2100 2250 1500

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 41.40 44.6 47 47 47 47
Government Budget (% of GDP) -0.70 -0.2 -1.6 -1.6 -1.6 -1.6
Government Budget Value (CHF Million) -9834.00 -450 -2520 -13690 -13690 2400
Government Spending (CHF Million) 21435.30 23000 21554 21636 21693 21597
Government Spending to GDP (% of GDP) 34.50 32.8 37 37 37 37
Government Revenues (CHF Million) 239546.00 245080 238700 238700 238700 238700
Fiscal Expenditure (CHF Million) 249380.00 247600 252390 252390 252390 252390

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 14.93 14.93 14.93 14.93 14.93 14.93
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 (%) 12.80 12.8 12.8 12.8 12.8 12.8
Social Security Rate For Companies (%) 6.40 6.4 6.4 6.4 6.4 6.4
Social Security Rate For Employees (%) 6.40 6.4 6.4 6.4 6.4 6.4

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) 93.80 75 69 71 77 86
Manufacturing PMI (points) 57.10 52.3 49.9 50.2 51.5 50.9
Industrial Production (%) 5.10 -2.6 -4.4 -3.8 -1.7 -2
Services PMI (points) 56.88 52.6 48.7 49.5 50.8 51.5
ZEW Economic Sentiment Index -69.20 -86 -71 -58 -36 -12

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) -41.70 -48.3 -36 -24.4 -12 -10
Retail Sales MoM (%) 1.20 0.5 0.5 0.7 0.5 0.5
Retail Sales YoY (%) 3.00 0.2 -3.6 -4 -2.2 -1.4
Consumer Spending (CHF Million) 93730.30 92993 92770 93304 94855 92956
Gasoline Prices (USD/Liter) 2.21 2.3 2.38 2.48 2.57 2.77
Consumer Credit (CHF Million) 993859.00 983880 983807 995360 1003802 985774