The economic recovery in Switzerland is likely to be faster than those in regional peer economies, and we expect real GDP to return to pre-crisis levels in early 2022. At the end of 2015 Swiss GDP per capita stood at CHF 77,943 (approx. (Getty) The rebound which started in mid-2003 saw growth rate growth rate averaging 3% (2004 and 2005 saw a GDP growth of 2.5% and 2.6% respectively; for 2006 and 2007, the rate was 3.6%). Mark the area you wish to enlarge (selected periods will turn in yellow). GDP is calculated at current prices as well as at previous year's prices, making it possible to represent economic growth rates without taking into account the influence of prices. GDP of Switzerland increased from 272.18 billion US dollars in 2000 to 704.83 billion US dollars in 2019 growing at an average annual rate of 5.36%. 5 years Real GDP Growth Rate in Switzerland ... Switzerland: GDP/cap growth, 5 years (%). The description is composed by our digital data assistant. Debt > Government debt > Gross government debt, share of GDP: Gross government debt as % of GDP (IMF). Current Switzerland GDP Growth Rate is 1.38%. GDP (current US$) - Switzerland. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017. The Expert Group is therefore revising its GDP forecast for the coming year downwards. Economic forecast by the Federal Government’s Expert Group – December 2020. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Gross Domestic Product by Expenditure in Constant Prices: Total Gross Domestic Product for Switzerland Quarterly, Seasonally Adjusted Growth Rate Previous Period Q2 1980 to Q3 2020 (Dec 10) Switzerland - GDP Economy grows at quickest pace on record in Q3 Economic activity soared 7.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, contrasting the 7.0% contraction recorded in the second quarter and marking the strongest expansion on record. In the winter half-year of 2020/2021, the second wave of the coronavirus will have an adverse effect on the Swiss economy. The Swiss economy has been rated free for more than a decade. Please find below a chart for the GDP growth rate for Switzerland on a quarterly basis. Though Switzerland real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 1.2 % in 2019. Switzerland publishes good housing statistics. Gross domestic product enables the economic growth of each region and canton to be measured. 704.83 (billion US dollars) in 2019 In 2019, GDP for Switzerland was 704.83 billion US dollars. GDP > Real growth rate: GDP growth on an annual basis adjusted for inflation and expressed as a percent. Gross Domestic Product by Expenditure in Constant Prices: Total Gross Domestic Product for Switzerland Growth Rate Previous Period, Quarterly, Seasonally Adjusted Q2 1980 to … - … Bern, Switzerland, capital city of an economic powerhouse. The percentage change in GDP per capita for the latest 5 years for which data is published. Economic growth > Evolution of GDP > Real GDP growth: In order to calculate the growth rate of GDP free of the direct effects of inflation, data at fixed, or constant, prices should be used. Real GDP (constant, inflation adjusted) of Switzerland reached $654,611,752,744 in 2017. Switzerland GDP Growth Rate table by year, historic, and current data. Current Switzerland GDP Growth Rate is 1.38%. ... GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. (see Data FAQs) Source: IMF World Economic Outlook Database. This economic study presents and analyses newly collected real-time data for Swiss GDP. FocusEconomics Consensus Forecast panelists expect the economy to expand 4.0% in 2021, which is down 0.3 percentage points from last month’s … Switzerland has the second highest gross domestic product (GDP) per capita in the world. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. The gross domestic product (GDP) is an indicator of economic activity which makes it possible to measure and compare economic development levels in different countries. The latest comprehensive information for - Switzerland GDP Annual Growth Rate - including latest news, historical data table, charts and more. Economic Trivia: Switzerland is a modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world ... GDP Growth Rate (annual %) 2.751% (2018) GDP Per Capita, PPP (current international) $69,366 (2018) Gross value added (GVA) provides information on the economic structure of the cantons. Gross domestic product Switzerland’s GDP grew by 7.2 % in the 3rd quarter of 2020, after decreasing by a total of 8.6 % in the first half of the year. No date was available from the Wikipedia article, so we used the date of retrieval. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. In 2008, GDP growth was modest in the first half of the year while declining in the last two quarters. Switzerland has the -highest GDP per third capita in the OECD, thanks to high employment rates and productivity levels. World Bank national accounts data, and OECD National Accounts data files. Because of the base effect, real growth came to 1.9%. Domestic demand and parts of the service sector recovered significantly, while international developments had an adverse impact on exports. Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017. In brief. We expect real GDP to grow by 2.7% in 2021 after an estimated decline of 3% in 2020. Annual percentage growth rate of GDP at market prices based on constant local currency. Switzerland GDP (Gross Domestic Product) was INT$464.24billion for 2019 in PPP terms. Also find nominal and real values for the gross domestic product for Switzerland (seasonally adjusted). Switzerland’s economy saw its fastest growth spurt in four years in the first half of 2018, increasing pressure on its central bank to review its ultra-low interest rate policy. EUR 73,000 or USD 81,000). In 2019, real GDP growth for Switzerland was 1.2 %. Swiss growth rates, very dependent on exports, have been good despite the country's low-growth neighbors. Domestic demand will gain strength, supported by household consumption. GDP Growth Rate in Switzerland averaged 0.39 percent from 1980 until 2020, reaching an all time high of 2.40 percent in the fourth quarter of 1999 and a record low of -7.30 percent in the second quarter of 2020. These support, and are supported by, good health outcomes and a well performing education system. However, the boost to exports from the earlier exchange rate depreciation and one-off events will fade. The gross domestic product provides information on regional and cantonal economic activity in Switzerland. GDP Growth Rate in 2017 was 1.09%, representing a change of 10,414,683,480 US$ over 2016, when Real GDP was $644,197,069,264. Country Report 2017 - Includes Switzerland real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. About 74% of Swiss GDP is generated by the service sector and 25% by industry. Switzerland GDP Growth Rate chart, historic, and current data. The contribution from the agricultural sector is less than 1%. SWITZERLAND GDP growth has been buoyant in recent quarters and is projected to be about 1½ per cent over the next two years. 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