Switzerland GDP Growth Rate

Last Release

Dec 31, 2024

Actual

0.2

Units In

0.4

Frequency

Quarterly

Next Release

Jun 02, 2025

Time to Release

3 Months 1 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
6.4 Sep 2020	-6.2 Jun 2020	0.44 %	1980-2024	State Secretariat for Economic Affairs

On the expenditure side, household consumption is the main component of Swiss GDP and accounts for 54 percent of its total, followed by gross fixed capital formation (24 percent) and government expenditure (11 percent). Foreign trade adds 11 percent to GDP as exports account for 64 percent and imports for 53 percent.

Latest Updates

Switzerland’s GDP growth slowed to 0.2% on quarter in Q4 2024, down from 0.4% in Q3, in line with expectations. This marks the softest expansion since Q2 2023, with weaker performances in sectors such as construction (0.1% vs. 0.9% in Q3), trade and motor vehicle repair (0.1% vs. 1%), and human health and social work (0.2% vs. 0.4%). Additionally, output contracted in mining and quarrying (-0.8% vs. -0.4%) and arts, entertainment, and recreation (-25.8% vs. 21.4%). Meanwhile, the manufacturing sector rebounded (0.9% vs. -1.2%), and agriculture, forestry, and fishing saw modest growth (0.1% vs. 0%). Net trade also contributed positively to the GDP, with exports surging 7% while imports rose at a softer 2.8%. Year-on-year, GDP expanded 1.5%, cooling from 1.9% in Q3. For the full year, the Swiss economy grew by 1.3%.