Switzerland GDP Growth Rate

Last Release

Sep 30, 2024

Actual

0.4

Units In

0.5

Frequency

Quarterly

Next Release

Feb 28, 2025

Time to Release

2 Months 28 Days 7 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 expanded by 0.4% quarter-on-quarter in Q3 2024, slowing from a 0.6% growth rate in Q2, in line with expectations. Growth was supported by sectors like real estate, professional and technical activities, trade (up 1.4%), public administration (0.5%), and human health and social work (0.5%). However, manufacturing contracted sharply by 1.1%. On the expenditure side, private and government consumption both rose by 0.5%, but net trade weighed on growth as goods exports fell 3.9% and imports dropped 2.1%. Year-on-year, GDP grew by 2% in Q3, an improvement from 1.5% in Q2 and surpassing market forecasts of 1.8%.