The Gross Domestic Product (GDP) in Switzerland expanded 0.50 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth of the real gross domestic product (GDP) in Switzerland from 2020 to 2024, with projections up until 2030. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a change in it is a sign of economic growth. In 2024, the GDP in Switzerland grew by about 1.27 percent compared to the previous year. Switzerland's economy Switzerland holds one of the steadiest and secure economies in the world, enticing international investors as well as the world’s richest to deposit their money within the country. Switzerland’s relatively low population is highly educated and specialized in the workforce, something that essentially leads to a prosperous economy. In addition to its workforce earning some of the highest salaries in the world, Switzerland maintained one of the lowest unemployment rates in the Europe, despite being affected by the 2008 financial crisis. With higher wages and specialized jobs, economic growth as well as production within the country continued to grow, a fact most evident through values of GDP. As a result, Switzerland’s gross domestic product per capita was ranked among one of the highest in the world. However, economic growth did not occur too rapidly and wages were set at a reasonable controllable amount, which allowed Switzerland to maintain a low inflation rate.

In March 2024, the index for economic expectations in Switzerland for the next six months stood at **** points and was therefore in the optimistic range; the current economic situation was also assessed positively at **** points. The index (CS CFA Society Switzerland Indicator, or CS-CFA Index for short) is based on a survey of financial analysts. The balance values result from the difference between the positive and negative assessments; neutral responses are not included.

The Gross Domestic Product (GDP) in Switzerland was worth 884.94 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Switzerland represents 0.84 percent of the world economy. This dataset provides the latest reported value for - Switzerland GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Switzerland: Economic growth forecast: The latest value from 2030 is 1.8 percent, an increase from 1.2 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Switzerland from 1980 to 2030 is 1.79 percent. The minimum value, -2.31 percent, was reached in 2009 while the maximum of 5.57 percent was recorded in 2021.

The Gross Domestic Product (GDP) in Switzerland expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Switzerland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland Consumer Sentiment Index: Economic Outlook data was reported at -43.646 % Point in Mar 2025. This records a decrease from the previous number of -37.294 % Point for Feb 2025. Switzerland Consumer Sentiment Index: Economic Outlook data is updated monthly, averaging -23.178 % Point from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of -15.455 % Point in Feb 2023 and a record low of -51.925 % Point in Oct 2023. Switzerland Consumer Sentiment Index: Economic Outlook data remains active status in CEIC and is reported by State Secretariat for Economic Affairs. The data is categorized under Global Database’s Switzerland – Table CH.H015: Consumer Sentiment Index.

Switzerland IMF Forecast: General Government: Gross Debt: % of GDP data was reported at 33.694 % in 2023. This records a decrease from the previous number of 34.880 % for 2022. Switzerland IMF Forecast: General Government: Gross Debt: % of GDP data is updated yearly, averaging 43.870 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 59.161 % in 2004 and a record low of 33.694 % in 2023. Switzerland IMF Forecast: General Government: Gross Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.FM: Government Finance Statistics.

The Gross Domestic Product per capita in Switzerland was last recorded at 89555.56 US dollars in 2023. The GDP per Capita in Switzerland is equivalent to 709 percent of the world's average. This dataset provides the latest reported value for - Switzerland GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Switzerland Consumer Sentiment Index: Lower Bound: Economic Outlook data was reported at -47.492 % Point in Mar 2025. This records a decrease from the previous number of -40.963 % Point for Feb 2025. Switzerland Consumer Sentiment Index: Lower Bound: Economic Outlook data is updated monthly, averaging -27.000 % Point from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of -19.214 % Point in Feb 2023 and a record low of -55.468 % Point in Oct 2023. Switzerland Consumer Sentiment Index: Lower Bound: Economic Outlook data remains active status in CEIC and is reported by State Secretariat for Economic Affairs. The data is categorized under Global Database’s Switzerland – Table CH.H015: Consumer Sentiment Index.

ZEW Economic Sentiment Index in Switzerland increased to -2.10 points in June from -22 points in May of 2025. This dataset provides - Switzerland Zew Economic Sentiment Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Consumer Opinion Surveys: Consumer Prices: Future Tendency for Switzerland (CSINFT02CHQ460S) from Q4 1972 to Q2 2025 about consumer sentiment, consumer prices, Switzerland, consumer, and inflation.

Switzerland: Inflation forecast: The latest value from 2030 is 0.7 percent, a decline from 0.72 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Switzerland from 1980 to 2030 is 1.44 percent. The minimum value, -1.28 percent, was reached in 2015 while the maximum of 6.57 percent was recorded in 1981.

Switzerland: Unemployment rate forecast: The latest value from 2030 is 2.7 percent, unchanged from 2.7 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Switzerland from 1980 to 2030 is 2.54 percent. The minimum value, 0.19 percent, was reached in 1981 while the maximum of 5.2 percent was recorded in 1997.

The benchmark interest rate in Switzerland was last recorded at 0 percent. This dataset provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Switzerland decreased to -0.10 percent in May from 0 percent in April of 2025. This dataset provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Swiss Turn Machines Market Outlook

The global Swiss turn machines market size is anticipated to reach impressive heights, with the market value standing at approximately USD 5.6 billion in 2023 and expected to climb to USD 8.9 billion by 2032. This growth corresponds to a steady compound annual growth rate (CAGR) of 5.3% through the forecast period. The factors driving this remarkable expansion include the increasing demand for high-precision components in various industries such as automotive, aerospace, and medical sectors, which consistently require advanced machining solutions that Swiss turn machines provide.

A significant growth factor for the Swiss turn machines market is the heightened demand for miniaturization and precision in component manufacturing. Industries such as electronics and medical devices are witnessing rapid advancements, necessitating parts that are not only smaller but also possess enhanced accuracy. Swiss turn machines, known for their ability to perform multiple operations on small parts with high precision, are becoming increasingly essential in these sectors. Additionally, the automotive industry’s push towards electric vehicles, which require advancements in electronic components, is further boosting the demand for these machines.

Technological advancements in Swiss turn machine capabilities are also fueling market growth. Innovations such as the integration of computer numerical control (CNC) technology and automation in Swiss turn machines have significantly boosted their efficiency and capability. These advancements allow manufacturers to produce more complex parts with greater precision, thereby increasing the machines' appeal across various industries. The ongoing trend of Industry 4.0, which emphasizes automation and data exchange in manufacturing technologies, is likely to further enhance the adoption of Swiss turn machines.

The economic growth in emerging markets is another critical driver. Regions such as Asia Pacific are experiencing industrial growth due to increased foreign investments and supportive government initiatives. This industrial expansion is leading to increased demand for high-precision machining solutions, thus driving the Swiss turn machines market. Furthermore, the global push towards sustainable and efficient manufacturing processes is encouraging industries to adopt Swiss turn machines, as they are known for reducing material waste and enhancing production efficiency.

From a regional perspective, the Asia Pacific is projected to dominate the Swiss turn machines market, thanks to its robust industrial base and growing demand for precision engineering. North America and Europe are also significant markets, with established aerospace and automotive industries driving demand. Meanwhile, Latin America and the Middle East & Africa, though smaller markets, are poised to witness growth driven by emerging manufacturing sectors and increased focus on high-precision technology adoption.

Type Analysis

In the realm of Swiss turn machines, the market is primarily categorized into CNC Swiss turn machines and Automatic Swiss turn machines. CNC Swiss turn machines are witnessing substantial demand due to their enhanced precision, flexibility, and efficiency. These machines are equipped with computer numerical control systems that allow for intricate and detailed machining processes, which are indispensable in industries such as aerospace and medical. The ability to produce components with complex geometries and tight tolerances makes CNC Swiss turn machines a preferred choice among manufacturers aiming for high precision and quality.

Automatic Swiss turn machines, on the other hand, are also gaining traction, especially in high-volume production settings. These machines offer the advantage of continuous operation without the need for constant human intervention, thereby reducing labor costs and increasing production efficiency. The automatic variants are particularly popular in the automotive industry, where large-scale production of standardized components is crucial. Furthermore, with advancements in automation technology, these machines are now capable of handling more complex tasks, thus expanding their application scope.

The market dynamics between CNC and Automatic Swiss turn machines are shaped by the specific needs of the end-user industries. While CNC machines are favored for their precision and versatility, automatic machines are preferred for their ability to deliver efficiency in mass production. The choice between these types often depends on factors such a

Switzerland: Current account balance forecast, percent of GDP: The latest value from 2030 is 4.99 percent, an increase from 4.97 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Switzerland from 1980 to 2030 is 6.05 percent. The minimum value, -0.52 percent, was reached in 1980 while the maximum of 12.99 percent was recorded in 2010.

Switzerland: Budget balance forecast, percent of GDP: The latest value from 2030 is 0.1 percent, unchanged from 0.1 percent in 2029. In comparison, the world average is -2.33 percent, based on data from 81 countries. Historically, the average for Switzerland from 1983 to 2030 is -0.19 percent. The minimum value, -3.03 percent, was reached in 1992 while the maximum of 1.43 percent was recorded in 1987.

GDP Deflator in Switzerland increased to 106.10 points in the first quarter of 2025 from 105.80 points in the fourth quarter of 2024. This dataset provides - Switzerland GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.