GDP reading: Switzerland’s GDP grew 1.9% in seasonally adjusted quarter-on-quarter terms in Q2, following a 0.6% expansion in the prior...
Economic Growth in Switzerland
Switzerland's economy recorded an average growth rate of 1.8% in the decade to 2024, compared to the % average for . In 2024, real GDP growth was 1.4%. For more GDP information, visit our dedicated page.
Switzerland GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Switzerland from 2014 to 2025.
Source: Macrobond.
Switzerland GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 6.2 | 3.6 | 1.1 | 1.5 | 1.6 |
| GDP (USD bn) | 840 | 858 | 932 | 978 | 1,062 |
| GDP (EUR bn) | 710 | 815 | 862 | 904 | 941 |
| GDP (CHF bn) | 768 | 819 | 837 | 861 | 882 |
| Economic Growth (Nominal GDP, ann. var. %) | 8.2 | 6.7 | 2.2 | 2.8 | 2.4 |
Economic growth picks up in the second quarter of 2026
GDP reading: Switzerland's GDP grew 1.9% in seasonally adjusted quarter-on-quarter terms in Q2, following a 0.6% expansion in the prior quarter. Q2's reading was the strongest since Q3 2021. Adjusting for sporting events—which frequently skew Swiss GDP data due to the country hosting several major global sports organizations—the economy expanded 1.5%.
Pharma sector key to expansion: Relative to the previous quarter's data, figures in Q2 improved for private consumption (+0.3% in seasonally adjusted quarter-on-quarter terms vs +0.1% in Q1), fixed investment (+0.8% vs -0.8% in Q1) and imports of goods and services (-0.8% vs -5.0% in Q1). In contrast, readings softened for government consumption (+0.4% vs +1.3% in Q1) and exports of goods and services (-1.5% vs +1.8% in Q1). In terms of industries, the chemical and pharmaceutical industry made the largest contribution to growth.
Panelist insight: Giving their long-term outlook, EIU analysts said: “In 2027-30 growth in Switzerland will be broadly stable, averaging 1.4%, driven by private and government consumption. Government consumption is set to increase due to higher defence spending and a new 13th pension payment, effective from 2026. The extra pension payment is expected to cost CHF4-5bn annually. Exports will rebound in 2027 after a slowdown in 2026 and then gradually moderate in 2028-30. Low inflation and a strong currency will keep import growth at about 2.6% on average in 2027-30.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swiss GDP projections for the next ten years from a panel of 36 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Swiss GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swiss GDP projections.
Want to get access to the full dataset of Swiss GDP forecasts? Send an email to info@focus-economics.com.
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Switzerland: Economic growth picks up in the second quarter of 2026 -
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