The statistic shows the gross domestic product (GDP) in Switzerland from 1987 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, GDP in Switzerland amounted to around 894.81 billion U.S. dollars. Economy and gross domestic product of Switzerland Switzerland’s gross domestic product has hardly been affected by the global economic crisis of 2008, if anything, figures have been increasing steadily. After a brief stint in the negative range in 2009, gross domestic product / GDP growth in Switzerland has been positive every year, with 2010 marking the most successful year since the crisis. Switzerland’s share in global GDP (adjusted for Purchasing Power Parity) however, has been declining continually for the past decade. All in all, Switzerland is a fairly wealthy country with a stable economy. This is reflected in its employment figures and national debt, as well as the abovementioned fact that Switzerland remained largely unaffected by the economic crisis. Additionally, Switzerland was first on a ranking of countries with the highest wealth per adult, with an average national wealth of more than 540 million US dollars per Swiss adult. Subsequently, Switzerland is also one of the leading countries with the highest rate of millionaires, which is probably due to Switzerland’s unequaled low tax rates. Switzerland’s economy is said to be highly competitive, its most important sector is manufacturing, with numerous large corporations being headquartered in the country. Main exports include chemicals, as well as precision watches and instruments.

The Gross Domestic Product (GDP) in Switzerland expanded 1.50 percent in the fourth quarter of 2024 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.

Key information about Switzerland Real GDP Growth

• The Gross Domestic Product (GDP) in Switzerland expanded 0.7 % YoY in Mar 2023, following a growth of 0.7 % in the previous quarter.
• Real GDP Growth YoY data in Switzerland is updated quarterly, available from Mar 1966 to Mar 2023, with an average rate of 2.1 %.
• The data reached an all-time high of 9.6 % in Jun 2021 and a record low of -9.1 % in Jun 1975.

CEIC calculates Real GDP Growth from quarterly Real GDP. State Secretariat for Economic Affairs provides Real GDP in local currency, at chain linked 2015 prices. Real GDP Growth prior to Q1 1981 is calculated from seasonally adjusted GDP Volume Index sourced from the International Monetary Fund.


Related information about Switzerland Real GDP Growth

• In the latest reports, Nominal GDP of Switzerland reached 213.3 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 3.1 % in Mar 2023.
• GDP Per Capita in Switzerland reached 91,640.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 31.6 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 22.6 % in Mar 2023.
• Public Consumption accounted for 11.8 % in Mar 2023.
• Private Consumption accounted for 51.7 % in Mar 2023.

The Gross Domestic Product (GDP) in Switzerland expanded 0.20 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Switzerland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in Switzerland was forecast to continuously increase between 2024 and 2029 by in total 21,611.7 U.S. dollars (+20.37 percent). After the tenth consecutive increasing year, the GDP per capita is estimated to reach 127,709.34 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more statistics on other topics about Switzerland with key insights such as the growth of the real the gross domestic product, the number of employed people, and the total population.

Key information about Switzerland GDP Per Capita

• Switzerland Gross Domestic Product (GDP) per Capita reached 91,640.930 USD in Dec 2021, compared with 85,345.689 USD in Dec 2020.
• Switzerland GDP Per Capita data is updated yearly, available from Dec 1980 to Dec 2021, with an average number of 45,489.874 USD.
• The data reached an all-time high of 91,640.930 USD in Dec 2021 and a record low of 16,939.779 in Dec 1984.
• CEIC calculates annual GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. State Secretariat for Economic Affairs provides Nominal GDP in local currency. Swiss Federal Statistical Office provides Population. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about Switzerland GDP Per Capita data

• In the latest reports, Switzerland GDP expanded 0.746 % YoY in Sep 2022.
• Switzerland Nominal GDP reached 200.586 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 3.716 % in Sep 2022.
• Gross Savings Rate of Switzerland was measured at 34.097 % in Sep 2022.

The Gross Domestic Product per capita in Switzerland was last recorded at 81683.87 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Switzerland, when adjusted by Purchasing Power Parity is equivalent to 460 percent of the world's average. This dataset provides the latest reported value for - Switzerland GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Price Level of GDP, average of GEKS-CPDW for Switzerland (PL2GDPCHA621NUPN) from 1950 to 2010 about Switzerland and GDP.

Switzerland GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 4.560 % in 2017. This records an increase from the previous number of 1.758 % for 2016. Switzerland GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.758 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 8.304 % in 2011 and a record low of -10.016 % in 2009. Switzerland GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

The share in the global GDP adjusted for PPP in Switzerland was forecast to continuously decrease between 2024 and 2029 by in total 0.04 percentage points. The share is estimated to amount to 0.4 percent in 2029. Following the definitions provided by the International Monetary Fund, this indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more statistics on other topics about Switzerland with key insights such as the total population, the average inflation rate, and the gross domestic product per capita.

Switzerland GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 0.056 % in 2017. This records a decrease from the previous number of 0.416 % for 2016. Switzerland GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 0.945 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 4.637 % in 1972 and a record low of -2.881 % in 1975. Switzerland GDP: Growth: Household Final Consumption Expenditure per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Switzerland GDP: Growth data was reported at 1.087 % in 2017. This records a decrease from the previous number of 1.376 % for 2016. Switzerland GDP: Growth data is updated yearly, averaging 1.693 % from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 4.331 % in 1989 and a record low of -2.222 % in 2009. Switzerland GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

GDP, billion currency units in Switzerland, December, 2024 The most recent value is 209.76 billion Swiss Franc as of Q4 2024, an increase compared to the previous value of 206.38 billion Swiss Franc. Historically, the average for Switzerland from Q1 1980 to Q4 2024 is 125.75 billion Swiss Franc. The minimum of 49.17 billion Swiss Franc was recorded in Q1 1980, while the maximum of 209.76 billion Swiss Franc was reached in Q4 2024. | TheGlobalEconomy.com

Switzerland GDP: Growth: Gross Capital Formation data was reported at -1.868 % in 2017. This records an increase from the previous number of -2.873 % for 2016. Switzerland GDP: Growth: Gross Capital Formation data is updated yearly, averaging 1.674 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 16.039 % in 1986 and a record low of -28.168 % in 1975. Switzerland GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Switzerland (PGD2USCHA621NUPN) from 1950 to 2010 about Switzerland, PPP, per capita, and GDP.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Switzerland from 2013 to 2023. In 2023, agriculture contributed around 0.63 percent to the GDP of Switzerland, 24.93 percent came from the industry and 71.89 percent from the service sector.

The budget balance in relation to the GDP in Switzerland was forecast to continuously decrease between 2024 and 2029 by in total 0.4 percentage points. The budget balance is estimated to amount to 0.17 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about Switzerland with key insights such as the ratio of government expenditure to the gross domestic product, the average inflation rate, and the share in the global GDP adjusted for purchasing power parity.

Switzerland GDP: % of GDP: Gross Value Added: Services data was reported at 71.190 % in 2017. This records a decrease from the previous number of 71.303 % for 2016. Switzerland GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 68.986 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 71.303 % in 2016 and a record low of 63.776 % in 1990. Switzerland GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The ratio of government expenditure to GDP in Switzerland was forecast to continuously increase between 2024 and 2029 by in total 0.3 percentage points. The ratio is estimated to amount to 31.82 percent in 2029. Depicted here is the general government expenditure as a share of the national gross domestic product. According to the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.Find more statistics on other topics about Switzerland with key insights such as the national debt, the gross domestic product per capita, and the budget balance in relation to the gross domestic product.

Switzerland GDP: Growth: Final Consumption Expenditure data was reported at 1.130 % in 2017. This records a decrease from the previous number of 1.538 % for 2016. Switzerland GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging 1.612 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 5.002 % in 1972 and a record low of -2.317 % in 1975. Switzerland GDP: Growth: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;