GDP growth (quarterly) · Switzerland
Switzerland GDP Growth Rate QoQ
The Switzerland GDP Growth Rate QoQ measures how much the economy of Switzerland, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
- Importance
- High
- Currency
- CHF · Swiss franc
- Central bank
- The Swiss National Bank
Latest figures
The latest release for Q4, published on 27 February 2025, came in at 0.2%, in line with the consensus of 0.2%, down from 0.4% the time before.
A result in line with the consensus usually causes little reaction: it was already priced in.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 27 Feb 2025 | Q4 | 0.2% | 0.2% | 0.4% |
Why it matters
GDP is the broadest measure of economic health. Two quarters of contraction are the common rule of thumb for a recession. Stronger growth supports corporate earnings, jobs and the Swiss franc, and can push the Swiss National Bank towards higher rates; a contraction raises the odds of cuts.
How it is calculated
the Federal Statistical Office (FSO) adds up spending in the economy: consumption + investment + government spending + exports − imports, measured at constant prices (real GDP) and adjusted for seasonal patterns. The first (advance or flash) estimate is revised as more data arrive. The US annualises the quarterly change.
GDP = C + I + G + (X − M)
Growth (qoq) = real GDP ÷ real GDP last quarter − 1
Annualised = (1 + qoq)⁴ − 1What changes mean
- Compare with the consensus and with the previous quarter; the first estimate gets the biggest reaction.
- Look at the mix: growth from consumption and investment is healthier than growth from inventories.
- An annualised US figure of 2% is close to its long-run trend; 0.5% quarter on quarter is similar in European terms.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Swiss franc and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Swiss franc tends to soften and markets price in lower rates.
A short history
Simon Kuznets built the first national income accounts for the US Congress in 1934. GDP replaced GNP as the US headline measure in 1991; international standards are set in the UN System of National Accounts.
Questions
What is the Switzerland GDP Growth Rate QoQ?
The Switzerland GDP Growth Rate QoQ measures how much the economy of Switzerland, the total value of goods and services it produces after inflation, grew compared with the previous quarter.
What was the latest Switzerland GDP Growth Rate QoQ?
0.2% for Q4, published on 27 February 2025 (consensus 0.2%, previous 0.4%).
What is the difference between quarterly and annual GDP growth?
Quarterly growth compares with the previous quarter (the latest momentum); annual growth compares with the same quarter a year earlier.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.