Current Account in Switzerland

Switzerland Current Account (USD bn) | Economic News & Forecasts

Switzerland - Current Account (billions of U.S. Dollars)

The economy likely remained stuck in a low gear in the third quarter. Manufacturing production contracted, restrained by a languishing German industrial sector. Moreover, service sector activity moderated in the quarter according to the industry-specific PMI. On the upside, household spending should have remained strong thanks to a rock-solid labor market and the wealth effect from a strong franc, while merchandise exports strengthened in Q3 despite the currency appreciation. Turning to Q4, the economy appears poised to improve slightly. The downturn in the manufacturing sector softened in October, with the PMI rising to a seven-month high, although it remained in contractionary territory. Moreover, the leading KOF indicator rose marginally in the same month, but continued to signal below-average growth in the months ahead.

Switzerland - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)78.9  60.2  76.8  63.3  45.0  

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Switzerland Current Account (USD bn) Chart

Switzerland Current Account
Note: Current account balance as % of GDP.
Source: Swiss National Bank and FocusEconomics calculations.

Switzerland Facts

Bond Yield-0.566.27 %Nov 21
Exchange Rate0.99-0.54 %Nov 21
Stock Market10,338-0.82 %Nov 21

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