Current Account in Switzerland

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

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

While national accounts data for 2018 is still outstanding, the economy seems to have been growing at a healthy pace so far this year. The unemployment rate has steadily declined, reaching a new multi-year low in April. The external sector benefitted from a weaker local currency against the euro in January–March; exports soared at a double-digit rate in the same period. Survey-based data from the start of the second quarter is encouraging, with both the KOF Economic Barometer and the manufacturing PMI edging slightly higher after choppy readings in the first quarter. On the political scene, Switzerland is holding a referendum on 11 June, in which voters will decide on whether to change the country’s monetary system by introducing a sovereign money system and end fractional reserve banking by the Central Bank. While the latest opinion polls show that the “no” camp is comfortably leading, an electoral upset could unsettle the country’s financial and banking system.

Switzerland - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)77.0  60.3  74.2  63.2  66.1  

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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 Met the why particular calculations.

Switzerland Facts

ValueChangeDate
Bond Yield-0.036.27 %Jun 19
Bond Yield-0.036.27 %Jun 19
Exchange Rate0.99-0.54 %Jun 19
Exchange Rate0.99-0.54 %Jun 19
Stock Market8,463-0.82 %Jun 19
Stock Market8,463-0.82 %Jun 19

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