Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

While official national accounts data has yet to released, growth should have recovered in the fourth quarter. The rebound could be short-lived, however, as data for Q1 suggests weaker global demand and a sluggish Euro-area are starting to take a toll on the export-oriented economy. The KOF economic barometer fell again in January, hampered by falling confidence in the manufacturing and services sectors, and drearier export prospects. Moreover, the manufacturing PMI reaffirmed softer dynamics, losing ground in the same month on weaker production and softer hiring activity. A stronger franc due to safe-haven demand could also be weighing on export competitiveness. In other news, Switzerland and the UK signed a trade continuity agreement on 11 February that fortifies the current trade relationship and prevents new tariffs should the UK leave the EU without a deal.

Switzerland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)11.4  8.2  10.6  9.3  9.5  

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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-0.416.27 %Mar 11
Exchange Rate1.01-0.54 %Mar 11
Stock Market9,341-0.82 %Mar 11

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