Current Account in Switzerland

Switzerland Current Account | Economic News & Forecasts

Switzerland - Current Account

The latest data suggests that the Swiss economy remained on firm footing in the second quarter of the year. The unemployment rate dropped in Q2 to the lowest level in almost 11 years, boding well for private consumption growth. In addition, survey-based manufacturing PMI and KOF business sentiment indicators were largely positive and pointed to a robust, albeit slightly slower, increases in the second quarter. However, capacity constraints are becoming more prevalent in the private sector. Lengthy delivery times and rising purchase prices were a recurring theme in the latest survey reports and could limit growth in the second half of the year. This comes after the economy in Q1 was propelled by buoyant domestic demand and strong growth in the external sector, which expanded for the first time since Q1 2017.

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

Bond Yield-0.136.27 %Aug 15
Exchange Rate0.99-0.54 %Aug 15
Stock Market8,926-0.82 %Aug 15

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