Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

The economy strengthened in the first quarter, owing to a solid recovery in fixed investment and a pick-up in consumer spending. The upswing could have been short-lived, however, with data for Q2 signaling softer growth. Retail sales fell at a sharp rate in April, while the KOF economic barometer deteriorated further in May. On the political stage, the Swiss government has yet to pass the stalled Switzerland-EU framework agreement, which was designed to closer align Swiss law with EU regulations. Consequently, the European Commission could rule not to extend Switzerland’s stock-exchange equivalence when it expires on 30 June, in efforts to pressure Switzerland into signing the treaty. A non-renewal would block EU investors’ access to Swiss markets, and vice versa, which would disrupt the financial industry and likely undermine investor confidence.

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-0.616.27 %Jul 11
Exchange Rate0.99-0.54 %Jul 11
Stock Market9,880-0.82 %Jul 11

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