Current Account in Switzerland

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

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

The Swiss economy appears to have remained in excellent shape over the second quarter, although recent data indicates a modest deceleration heading into H2 2018. Economic activity was likely supported by a decade-low unemployment rate over the quarter, buttressing private consumption, as well as by a solid performance from the manufacturing sector, with the average PMI reading in the quarter remaining much higher than its long-term average. However, the forward-looking KOF business sentiment indicator’s average reading in Q2 reached a near three-year low, while consumer confidence for Q3 dropped sharply, which indicates a loss of momentum is likely in the third quarter. Capacity utilization constraints in the manufacturing sector also remain a major problem: The July PMI showed both delivery times and input prices continued to rise rapidly, which could limit growth in the sector going forward.

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

Bond Yield0.026.27 %Sep 20
Exchange Rate0.96-0.54 %Sep 20
Stock Market9,001-0.82 %Sep 20

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