Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

Although GDP data for Q3 is not yet available, the economy appeared to maintain healthy growth momentum in the quarter. The manufacturing and services PMIs averaged comfortably within positive territory amid robust expansions in output and new orders, while the KOF Economic Barometer was well above its long-term average, despite falling relative to Q2. Moreover, the unemployment rate averaged notably lower in Q3 than in Q2, which should have aided consumer spending. Turning to Q4, available signs suggest that the economy is losing steam, with the manufacturing PMI, services PMI and KOF Economic Barometer moving lower in October amid supply constraints and higher input prices. In addition, Covid-19 cases are surging, which could potentially lead to tighter restrictions ahead.

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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