Gross domestic product (GDP) growth in Switzerland 2024

The statistic shows the growth of the real gross domestic product (GDP) in Switzerland from 2014 to 2017, with projections up until 2024. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a change in it is a sign of economic growth. In 2017, the GDP in Switzerland grew by about 1.86 percent compared to the previous year.

Switzerland's economy

Switzerland holds one of the steadiest and secure economies in the world, enticing international investors as well as the world’s richest to deposit their money within the country. Switzerland’s relatively low population is highly educated and specialized in the workforce, something that essentially leads to a prosperous economy.

In addition to its workforce earning some of the highest salaries in the world, Switzerland maintained one of the lowest unemployment rates in the Europe, despite being affected by the 2008 financial crisis. With higher wages and specialized jobs, economic growth as well as production within the country continued to grow, a fact most evident through values of GDP. As a result, Switzerland’s gross domestic product per capita was ranked among one of the highest in the world. However, economic growth did not occur too rapidly and wages were set at a reasonable controllable amount, which allowed Switzerland to maintain a low inflation rate.

Switzerland: Growth of the real gross domestic product (GDP) from 2014 to 2024

GDP growth compared to previous year
2024*1.6%
2023*1.6%
2022*1.59%
2021*1.62%
2020*1.26%
2019*0.76%
2018*2.76%
20171.86%
20161.71%
20151.26%
20142.48%
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Source

Release date

October 2019

Region

Switzerland

Survey time period

2014 to 2017

Supplementary notes

* Estimate.

The values have been rounded to provide a better understanding of the statistic.

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Statistics on "Economic Outlook Switzerland"

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