Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

The economy continued to advance at a strong pace in the second quarter as GDP expanded for the sixth consecutive period on a quarter-on-quarter basis. Nonetheless, economic growth moderated slightly from Q1, chiefly due to weaker fixed investment. On a brighter note, the external sector performed well, with export growth recovering markedly, driven by robust growth in the manufacturing sector and solid international demand. The economy appears to be losing steam in the third quarter. Retail sales contracted in July, indicating private consumption has likely softened. Moreover, the forward-looking KOF business sentiment indicator receded in August. On the flip side, the PMI hit a six-month high in August on surging output, a sign that growth in the manufacturing sector remains buoyant.

Switzerland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)11.4  8.2  11.6  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 Met the why particular calculations.

Switzerland Facts

ValueChangeDate
Bond Yield0.066.27 %Oct 16
Exchange Rate0.99-0.54 %Oct 16
Stock Market8,795-0.82 %Oct 16

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