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Economic Growth in Switzerland
Switzerland's economy recorded an average growth rate of 1.8% in the decade to 2024, compared to the % average for . In 2024, real GDP growth was 1.4%. For more GDP information, visit our dedicated page.
Switzerland GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Switzerland from 2014 to 2025.
Source: Macrobond.
Switzerland GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 6.2 | 3.6 | 0.9 | 1.4 | 1.4 |
| GDP (USD bn) | 840 | 858 | 929 | 970 | 1,045 |
| GDP (EUR bn) | 710 | 815 | 859 | 897 | 926 |
| GDP (CHF bn) | 768 | 820 | 834 | 854 | 862 |
| Economic Growth (Nominal GDP, ann. var. %) | 8.2 | 6.8 | 1.8 | 2.4 | 0.9 |
Economic growth rises in the first quarter of 2026
GDP reading: Switzerland's GDP grew 0.7% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.2% growth in the previous quarter. Q1's reading was the strongest since Q1 2025. Adjusting for sporting events—which frequently skew Swiss GDP data due to the country hosting several major global sports organizations—GDP growth was a softer 0.4%. That said, both figures contrasted contractions in the Euro area and broader EU. A large positive contribution from net exports in Q1 offset sluggish domestic demand.
Drivers: Compared with the prior quarter's data, the reading for government consumption improved in Q1 (+0.9% in seasonally adjusted quarter-on-quarter terms vs +0.2% in Q4). In contrast, readings softened for private consumption (0.0% vs +0.4% in Q4), fixed investment (-0.2% vs +0.6% in Q4), exports of goods and services (0.0% vs +2.0% in Q4) and imports of goods and services (-5.5% vs +3.2% in Q4).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swiss GDP projections for the next ten years from a panel of 38 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Swiss GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swiss GDP projections.
Want to get access to the full dataset of Swiss GDP forecasts? Send an email to info@focus-economics.com.
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