Swiss housing on the lake with mountains in switzerland

Switzerland GDP Q4 2023

Switzerland: GDP growth records best result since Q2 2022 in Q4

The economy grew 0.3% on a seasonally adjusted quarter-on-quarter basis in the fourth quarter, unchanged from the third quarter. This was better than the flat reading for the Euro area and the 0.1% growth recorded in the EU as a whole. On an annual basis, economic growth improved moderately to 0.6% in Q4, from the previous period’s 0.4% expansion.

Household spending growth edged up to 0.3% seasonally-adjusted quarter-on-quarter in the fourth quarter, which marked the best reading since Q1 (Q3: +0.1% s.a. qoq). Government spending ticked up to a 0.6% expansion in Q4 (Q3: +0.4% s.a. qoq). Meanwhile, fixed investment declined at a more pronounced rate of 1.8% in Q4, from the 0.6% contraction in the prior quarter.

Exports of goods and services growth improved to 1.6% seasonally adjusted quarter on quarter in the fourth quarter, which marked the best reading since Q3 2022 (Q3: +0.7% s.a. qoq). In addition, imports of goods and services bounced back, growing 2.5% in Q4 (Q3: -4.1% s.a. qoq).

Our Consensus is for economic activity to expand at a similar pace to Q4 in Q1, and outperformance relative to the Euro area should continue, aided by Switzerland’s comparatively low inflation, unemployment and interest rates.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest