Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

The economy picked up some pace in the third quarter according to recent data, although the expansion was still modest. The reading was buoyed by rising exports of chemicals, pharmaceuticals and energy, as well as a rebound in fixed investment. However, private consumption was stuck in a low gear, amid weak consumer sentiment, while manufacturing activity was soft. Turning to the fourth quarter, momentum likely remains moderate. While the manufacturing PMI averaged higher in October–November than in Q3, it was still in contractionary territory, and the KOF economic barometer slumped to a multi-year low in November on weak dynamics in the banking and insurance, and accommodation and food services sectors. Nevertheless, the labor market remains solid, with the unemployment remaining low through November, which should be supporting domestic activity.

Switzerland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)11.6  8.4  11.2  9.4  6.7  

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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

ValueChangeDate
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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