Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

In Q1, the economy likely recorded a mild expansion that was broadly in line with the European average. The lifting of virtually all Covid-19 restrictions from mid-February should have aided domestic demand, offsetting a more adverse external panorama following the outbreak of the war in Ukraine. Looking at available indicators, the manufacturing PMI averaged slightly lower in Q1 than in Q4 and the KOF Barometer declined through March. In contrast, the services PMI averaged higher in Q1 as the impact of the pandemic faded. Turning to Q2, in April both the manufacturing and services PMIs fell to their lowest levels since early 2021. However, they continued to point to robust growth in the economy. Moreover, while inflation has picked up it remains the lowest in Western Europe, which should be supporting consumer spending.

Switzerland - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)11.3  9.9  6.4  8.2  12.2  

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Switzerland Current Account Chart


Switzerland Current Account
Note: Current account balance as % of GDP.
Source: Swiss National Bank and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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