Bear case 15%: Investment conclusions: US: Mild recession with danger to stay for longer, but still positive nominal GDP growth. Current job openings: 2023 Data - 2024 Forecast - 1960-2022 Historical - Chart - News, Swiss Business Morale Falls to 7-Month Low, Swiss Investors' Sentiment Improves More than Expected, Swiss Current Account Surplus Narrows in Q1, Swiss Franc Remains Close to Over 1-Month High After Rate Hike, Swiss Producer and Import Prices Drop for 1st Time since 2021, South Korea Trade Surplus Smaller than Expected, South Korea Imports Fall More than Estimated, Argentina Economic Activity Shrinks More than Estimates, Trinidad and Tobago Keeps Interest Rate Steady at 3.5%. Members' Financial Data. License : CC BY-4.0. Supply-side disruption fades on a global scale. Switzerland Nominal GDP reached 213.3 USD bn in Mar 2023. Switzerland government debt to GDP ratio data is updated yearly, available from Dec 1990 to Dec 2026. Switzerland Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1983 to Dec 2022, with an average value of 6.1 %. We continue to favour European loans, IG, non-cyclical US and Scandinavian short-term HY bonds as well as structured credit. The official estimate for Switzerland's GDP was $631 billion at the end of 2022 in puchasing power partity terms. 2030 is only 8 years away, by making very modest assumptions about economic growth it is possible to project forward economic data to 2030. Gross Domestic Product is a measure of the total production and consumption of goods and services in the U.S. Switzerland Private Consumption accounted for 51.7 % of its Nominal GDP in Mar 2023, compared with a ratio of 50.5 % in the previous quarter. Overall, a sustained wave of corporate defaults is expected to be avoided. Projections by IMF. Real GDP (constant, inflation adjusted) of Switzerland reached $654,611,752,744 in 2017. Other indicators such as trade data and May PMIs confirm the lack of a significant Chinese economic recovery. If you have an ad-blocker enabled you may be blocked from proceeding. Non-residential - Commercial & Retail - Vacancy, Nominal Fixed Investment (gross fixed capital formation), Real Fixed Investment (gross fixed capital formation), State Secretariat for Economic Affairs (SECO) - Switzerland, Adjusting Swiss GDP for the impact of major international sporting events, Calendar Adjusted and Seasonally Adjusted, Industry classification: NOGA 2008, modeled after NACE Rev. 1980 - 2022 | Quarterly | USD mn | CEIC Data. International Comparison Program & Purchasing Power Parity. The GDP deflator tracks the changes in the gross domestic product over a year. Includes 251 key indicators for Switzerland, curated by CEIC analysts. Nominal GDP in Switzerland is updated quarterly, available from Mar 1980 to Dec 2022, with an average number of 84.0 USD bn. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. While inflation has reached its peak, it will remain a concern heading into 2024, necessitating the continuation of higher interest rates to address wage inflation. The document is not directed to any person in any jurisdiction risdiction which is prohibited by law to access such information. Commodities benefit partly from "de-globalization" (protective measures) and supply-side constraints. ~4%, whereas the US Fed is pausing and peak rate is in sight @ around 5.5%. retrieved from FRED, For Switzerland, the expenditure and production approaches to gross domestic product (a.k.a. The median projection for the year-end now points to a Fed funds target of 5.4% implying additional rate hikes in the second half of the year. Japan's Q1 real GDP saw a year-on-year increase of 1.3%, propelled by robust private consumption and non-residential investment. Switzerland gdp per capita for 2020 was $85,656, a 1.82% increase from 2019. Luxembourg is a key financial services center in Europe, Ireland is headquarters to many multinational corporations, and Norway is one . Eurostat, Our cautious stance with a neutral positioning has been the right action during these extremely uncertain times. The data reached an all-time high of 38.1 % in Mar 1980 and a record low of 20.6 % in Sep 2022. Finally, the global monetary policy tightening phase is nearing its peak. Equities: Equity multiples remain challenged by rising interest rates and vulnerable/shrinking profit margins. A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. As a first step we want to slightly upgrade equities from its minimal underweight position and keep the overweight in "credit exposure". Although all information and opinions expressed in this document were obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to its accuracy or completeness and no liability is accepted for any direct or indirect damages resulting from or arising out of the use of this information. Please check your download folder. 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. For seasonal and trading days adjustment, Swiss QNA currently relies on the X13-Arima-Seats method. The current elevated P/E ratio of ~20 for the S&P translates into an earnings yield of only 5% and is driven by the recent profit margin stabilization and to some degree by the "AI" or tech euphoria. These cookies are used to collect information about how you interact with our website and allow us to remember you. With the stress in the banking system and the provoked regulatory actions, borrowing costs have increased and limit further rate hikes. Its Gross Savings Rate was measured at 34.3 % in Dec 2022. Please review the copyright information in the series notes before sharing. The data reached an all-time high of 204.196 USD bn in Mar 2023 and a record low of 60.533 USD bn in Mar 1990. Country Data See All Documents At a Glance 2023 Projected Real GDP (% Change) : 0.8 2023 Projected Consumer Prices (% Change): 2.4 Country Population: 8.805 million Date of Membership: May 29, 1992 Article IV/Country Report: June 20, 2022 Special Drawing Rights (SDR): 9105.99 million Quota (SDR): 5771.1 million Country Data See All Documents In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it's projected to be $88,081.13 billion in 2019. This branch contains GVA earned by the several major international sports associations based in Switzerland, which occurs on a four-year cycle. IMF Financial Activities. Emerging markets refer to the markets in countries that possess one or more characteristics such as certain degrees of political instability, relative unpredictability in financial markets and economic growth patterns, a financial market that is still at the development stage, or a weak economy. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Lesson Overview Even GDP needs to keep it real. Standard users can export data in a easy to use web interface or using an excel add-in. Its Gross Savings Rate was measured at 31.6 % in Mar 2023. The major Japanese equity index, TOPIX, outperformed other large developed equity markets in the first half of the year, returning 21.1%. China re-opening demands more commodities. The Eurozone economy exhibited a modest improvement in economic conditions during the first quarter 2023, despite falling short of consensus expectations for GDP growth. All rights reserved, Unlimited access tailored to your data needs. Despite the economic cycle turning negative, the presence of a resilient consumer base and supportive government policies so far has prevented a near-term recession, reducing the likelihood of a severe downturn. Economic Data, Research, Advisory, Forecasting For our full range please consult our pages in French and German (top right hand screen). The Trading Economics Application Programming Interface (API) provides direct access to our data. Switzerland Government debt accounted for 25.1 % of the country's Nominal GDP in Dec 2026, compared with the ratio of 25.9 % in the previous year. Currently, markets are assuming a terminal policy rate close to 5.4%. Emerging market meltdown similar to 1998. However, prices can change even if output doesn't change. SDR Interest Rate Calculation. President Christine Lagarde has repeatedly expressed concern about excessively high inflation over an extended period. "use of GDP") from the quarterly national accounts. The second quarter was dominated by the highly publicized impasse between Democrats and Republicans over the debt ceiling. Our English pages offer only a limited range of information on our statistical production. Moodys Analytics. Switzerland GDP Per Capita reached 91,640.9 USD in Dec 2021. In May, headline inflation in the eurozone declined 0.9% to 6.1% year-on-year. We also identify attractive yield in "new" alternatives, but selection and a proper liquidity management are paramount. Alpinum Investment Management AG and the third-party providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and will not be responsible for any errors or omissions (negligent or otherwise), or for the results obtained from the use of such content. Alpinum Investment Management is a Swiss asset manager whose key areas of expertise include. Its strong economic performance is largely driven by the services sector. Entry level access to the CEIC platform for individual users. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Nominal GDP in Switzerland is updated quarterly, available from Mar 1980 to Dec 2022, with an average number of 84.0 USD bn. It considers a base year in which the nominal and real GDP are equal. Join your colleagues in participating in this Complete terms of use are available at https://ec.europa.eu/geninfo/legal_notices_en.htm. High inflation environment is beneficial for commodity prices, but cyclical downturn is negative. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Please disable your ad-blocker and refresh. Switzerland's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries. To view certain features on this website, JavaScript must be enabled in your browser. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. The current economic situation is characterized by elevated inflation and high interest rates throughout the region. Alternative lending as an asset class is in the spotlight in a low or rising rates environment. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Contrarily, the German economy experienced a technical recession in the first quarter of the year, as households tightened their spending habits. We have a plan for your needs. The accuracy of the preliminary annual estimates, obtained as the sum of the quarterly estimated values, depends to a large extent on the quality of the available and retained quarterly indicators. Cantons according to their gross regional product in 2020 in Swiss francs. Largest economies in the world by GDP (nominal) in 2023 according to International Monetary Fund estimates [n 1] [1] Countries by nominal GDP in 2019 [n 2] > $20 trillion $10-20 trillion $5-10 trillion $1-5 trillion $750 billion - $1 trillion $500-750 billion $250-500 billion $100-250 billion $50-100 billion $25-50 billion $5-25 billion Switzerland External Debt accounted for 275.3 % of the country's Nominal GDP in 2022, compared with the ratio of 295.8 % in the previous year. This special adjustmentfacilitates business cycle analysis. GDP per capita, PPP (current international $), GDP per capita, PPP (constant 2017 international $), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Economic Growth Manufacturing GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. List of countries by GDP (nominal) per capita Countries or territories by GDP (nominal) per capita in 2022. Past performance is not a guide to future performance and may not be repeated. The slower pace of central bank rate hikes signalled to markets that the peak of terminal rates and the end of the tightening cycle were near, as inflationary pressures remained subdued over the quarter. Quarterly estimates are derived from the available annual data, using statistical methods and quarterly indicators. First quarter earnings exceeded expectations, instilling confidence in the markets. Pandemic crisis re-emerges/new virus variants. The source produces national accounts data in current prices (CHF) and in real terms, as well as seasonally adjusted and not seasonally adjusted. Hence, any indicator that employs Swiss GDP in its function is subject to considerable volatility . If you continue to navigate this website beyond this page, cookies will be placed on your browser. See the table below for more data. After a strong first quarter, Chinese macro data's latest release revealed a slowdown in activity. Military conflict leads to more structural inflation pressure (less globalization/productivity, less efficient/safer supply chains, more protectionism). Its GDP deflator (implicit price deflator) increased 3.3 % in Dec 2022. Available via annual subscription to one or more of CEICs global and premium databases. Third-party data are owned by the applicable third parties and are provided for your internal use only. Instant access to full history data in excel. [1] References ^ Statistik, Bundesamt fr. All figures are from the Federal Statistical Office of Switzerland . Please check your download folder. Following encouraging growth in real GDP in Q1 2023, stronger-than-expected auto sales, housing starts, and employment figures suggest that real GDP growth should continue in the next few quarters. 2015 CHF), Calendar day adjusted, seasonally adjusted, sports adjusted (CDASA Sports Adjusted), Calendar day adjusted and seasonally adjusted (CDASA), 1980Q1 for GDP(O) in sports adjusted form, Measurement: Millions of Swiss francs at current prices (Mil. Before entering into any transaction, investors should consider the suitability of the transaction to their own individual circumstances and objectives. According to the BCBS's approach, nominal credit is divided by nominal GDP. Chinese equities have underperformed global counterparts, and falling industrial metal prices reflect disappointing momentum. Following a contraction of 0.5% in the final quarter of 2022, the GDP for Q1 2023 was revised downward from zero to -0.3%. CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly . Includes 251 key indicators for Switzerland, curated by CEIC analysts. Series from National Accounts - GDP (Eurostat), Statistical Office of the European Communities. the company visit moodysanalytics.com. GDP per capita is gross domestic product divided by midyear population. The data reached an all-time high of 47.2 % in Dec 1998 and a record low of 25.1 % in Dec 2026. This chart displays Economic Growth (GDP, annual variation in %) for Switzerland from 2013 to 2022. Alpinum Investment Management AG is incorporated in Switzerland and is FINMA licensed and regulated. Switzerland investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Mar 2023, with an average ratio of 27.8 %. It also reached its highest level since 1990. The underperformance of Chinese equities by around 8% relative to the MSCI Asia ex-Japan Index in Q2 further highlights this trend. The gross domestic product (GDP) measures of national income and output for a given country's economy. Entry level access to the CEIC platform for individual users. Equity long-short strategies benefit from high volatility and elevated performance dispersion. IMF Financial Transactions (Quarterly) IMF Financial Statements (Quarterly) IMF Annual Report. This is similar to nominal GDP per capita, but adjusted for the cost of living in each country.. See the table below for more data. On a year-on-year basis, core inflation remained elevated at 5.3%. Nominal (current) Gross Domestic Product (GDP) of Switzerland is $678,965,423,322 (USD) as of 2017. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Switzerland investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Mar 2023, with an average ratio of 27.8 %. However, it is important to note that these figures were measured against last year's depressed data during the Shanghai lockdown. Advanced users can use our Python/R/Matlab packages. In the latest reports, Switzerland GDP expanded 0.7 % YoY in Mar 2023. Find out how good a country could be if it upgraded it's GDP data. Switzerland External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2022. For example, if the GDP next to the base year is 120, the . Forecast Stats Download The Gross Domestic Product (GDP) in Switzerland was worth 800.64 billion US dollars in 2021, according to official data from the World Bank. Federal Reserve Bank of St. Louis; Credit spreads look fairly valued in general. Key information about Switzerland Nominal GDP. Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. All information, as well as any prices indicated, is subject to change without notice. Download Historical Data Save as Image From: To: Zoom: 0 20,000 40,000 60,000 80,000 GDP Per Capita (US $) $91,992 Data are in current U.S. dollars. Nothing contained in this document constitutes financial, legal, tax, investment or other advice, nor should any investment or any other decisions be made solely based on this document. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Switzerland Investment accounted for 22.6 % of its Nominal GDP in Mar 2023, compared with a ratio of 26.9 % in the previous quarter. Instant access to full history data in excel. GDP Growth Rate in 2017 was 1.09% , representing a change of 10,414,683,480 US$ over 2016, when Real GDP was $644,197,069,264 . Current wider spread levels compensate for a softer economic outlook, but not for a deep recession. However, we believe it is now time to increase risk. Because of that, our measure of output might get distorted by something like inflation. 2021 CEIC Data, an ISI Emerging Markets Group Company. Note: Data for years shown use end of of year values. In the latest reports, Switzerland GDP expanded 0.8 % YoY in Dec 2022. CHF), Pre-2020 benchmark - 1995 to 2018 ("_19"). Data source: World Economics Research, London, NEW ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY. Military conflict in the South China Sea. The data reached an all-time high of 205.9 USD bn in Mar 2022 and a record low of 24.3 USD bn in Mar 1985. Since then, however, equities have entered a sideways phase, with no clear trend. When we calculate GDP using today's prices, we are creating a measure called nominal GDP. Full and unlimited access to CEIC data for multiple users. Cyclical headwind. This document does not constitute an offer to anyone, or a solicitation by anyone, to make any investments in securities. St. Louis, MO 63102, https://ec.europa.eu/geninfo/legal_notices_en.htm, More The data reached an all-time high of 295.8 % in Dec 2021 and a record low of 170.4 % in Dec 1999. World Bank national accounts data, and OECD National Accounts data files. This is the broadest measure of economic output. Quarterly. Graph and download economic data for Real Gross Domestic Product for Switzerland (CLVMNACSAB1GQCH) from Q1 1980 to Q1 2023 about Switzerland, real, and GDP. Such data may not be reproduced or re-disseminated and may not be used to create any financial instruments or products, or any indices. Release: As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). Please check your download folder. This encouraging data has bolstered optimism that Japan is breaking free from its previous deflationary stagnation. Although markets had been predicting a US recession for several months, the macroeconomic picture did not provide conclusive evidence to support these concerns. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. At the same time, the VIX Index has fallen sharply to trade below 14, a level not seen since the pandemic-induced period. GDP growth (annual %) - Switzerland | Data. If you decline, your information wont be tracked when you visit this website. Nominal gross domestic product (GDP) is GDP given in current prices, without adjustment for inflation. Where are the available workers? Switzerland Current Account surplus accounted for 7.4 % of the country's Nominal GDP in Dec 2022, compared with a 14.3 % surplus in the previous quarter. To learn more about cookies, click here. 2, Millions of Swiss francs at chained year-2015 prices (Mil. Environmental, Social & Governance Indexes, Data for individual countries by using country lists, 1 Ivory Square, Plantation Wharf, London, SW11 3UE. Despite the negative turn in the economic cycle, the presence of a resilient consumer base and favourable government policies have mitigated the risk of an immediate recession. Nominal GDP vs. PPP GDP To compare GDPs around the world, currencies must be converted so that they're consistent across all countries. https://www.bfs.admin.ch/content/bfs/en/home/statistics/national-economy/national-accounts/gross-domestic-product.html, FDFA: Federal Department of Foreign Affairs, FDHA: Federal Department of Home Affairs, FDJP: Federal Department of Justice and Police, DDPS: Federal Department of Defence Civil Protection and Sport, EAER: Federal Department of Economic Affairs, Education and Research, DETEC: Federal Department of the Environment, Transport, Energy and Communications, FSVO: Federal Food Safety and Veterinary Office, MeteoSwiss: Federal Office of Meteorology and Climatology, Swissmedic: Swiss Agency for Therapeutic Products, FOGE: Federal Office for Gender Equality, Gross domestic product per canton and region, 16 - Culture, media, information society, sport, 20 - Economic and social situation of the population, Economic and Financial Data for Switzerland, City Statistics Quality of life in the cities, GDP, percentage change over previous year at prices of preceding year. Switzerland GDP Per Capita reached 91,640.9 USD in Dec 2021. To find out more about the cookies we use, see our Cookies Policy. The official estimate for Switzerland's GDP was $631 billion at the end of 2022 in puchasing power partity terms. Germany, as Europe's largest economy, has faced significant challenges, particularly in the aftermath of the Russia-Ukraine conflict. For Nominal GDP contributions, Investment accounted for 28.3 % in Dec 2022. Switzerland Gross National Product (GNP) data is updated quarterly, averaging 118.176 USD bn from Mar 1990 to Mar 2023, with 133 observations. This document is for the intended recipient only and may not be transmitted or distributed to third parties. Economy. Available via annual subscription to one or more of CEICs global and premium databases. Real data in millions of chained 2015 CHF are published with implicit deflators. World Economics estimates Switzerland's GDP to be $679 billion - 8% larger than official estimates. In 2018, the growth rate for the world GDP was 3.6%. Releases from Eurostat, More However, the economy is also more resilient, less impacted by the Ukraine conflict and supported by "big tech" earnings. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. We strongly suggest that you consult your independent advisors in relation to any legal, tax, accounting and regulatory issues before making any investments. The special situation "CDASA Sports Adjusted" applies to only four series: the "arts, entertainment and recreation" branch and total GDP, in both nominal and real terms. June 30, 2023. Additional data on GDP adjusted for the effects of international sports events are available in the Links tab below. Request your free sample report now. Instead, the global economy showed resilience, low unemployment, disinflationary pressures, and positive momentum in risky assets. Any communication with Alpinum Investment Management AG may be recorded. Falling energy prices provided relief from cost pressures for businesses and consumers, contributing to an overall disinflationary environment.
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