Switzerland: economy

What is the inflation rate in Switzerland?

Consumer prices in Switzerland were 1.0% higher in September 2026 than a year earlier, according to the Federal Statistical Office (FSO). The index was unchanged on the month at 101.5 points (December 2025 = 100). Core inflation was 0.5%, and prices of imported products rose 2.1% while domestic products rose 0.7%.

In September, higher prices for heating oil, petrol and diesel were offset by lower prices for package holidays, car rentals and hotels. The harmonised EU measure (HICP) was 1.2%. Core inflation leaves out fresh and seasonal products, energy and fuel. The SNB treats inflation of between 0% and 2% as price stability.

Official sources: Federal Statistical Office (FSO)

What is Switzerland's GDP growth rate?

Switzerland's GDP grew 1.6% in 2025 at the previous year's prices, according to the first annual estimate by the Federal Statistical Office (FSO). Growth in 2024 was revised up to 1.5% from 1.4%. Domestic demand rose 2.5%, and investment 3.5%.

These are the FSO's annual national accounts, which are more detailed than the quarterly GDP estimates published by SECO, and which can differ from them. Gross national income at current prices rose 2.5%, reflecting a better balance of income with other countries. The FSO revises its figures as more complete source data arrive.

Official sources: Federal Statistical Office (FSO)

What is the Swiss National Bank interest rate?

The SNB policy rate is 0%, in force since 20 June 2025, according to the Swiss National Bank data portal. It had been 0.25% from 21 March 2025 and 0.5% from 13 December 2024.

The SNB policy rate is the rate the SNB uses to steer short-term money-market rates in Swiss francs, and it affects mortgage and savings rates. The SNB reviews it at quarterly monetary policy assessments; its decisions page lists each assessment. The same data portal also lists the SNB's other official interest rates, such as the rate paid on sight deposits above a threshold.

Official sources: Swiss National Bank data portal · decisions page

What is the Swiss franc exchange rate?

One euro cost CHF 0.94312 and one US dollar CHF 0.81926 on average in September 2026, according to the Swiss National Bank data portal. In August 2026, the averages were CHF 0.93629 per euro and CHF 0.80779 per dollar.

These are monthly averages of daily rates, published by the SNB. A figure below 1 means one euro or dollar costs less than one franc. A lower number means a stronger franc, which makes imports cheaper and Swiss exports more expensive abroad. Banks and exchange offices charge their own buying and selling rates, which differ from these reference figures.

Official sources: Swiss National Bank data portal

What is Switzerland's economic growth rate?

In 2025, real GDP growth in Switzerland was 1.3%, according to the World Bank. Its high point since 2005 was 2021, at 6.2%; its low point was 2020, at -2.3%. It is 33rd highest of 49 in Europe & Central Asia, where the median is 2.1%. World rank, highest first: 145th of 180.

What is GDP per capita in Switzerland?

In 2025, GDP per person in Switzerland was $114,769, according to the World Bank. That is the highest since at least 2005. Europe & Central Asia median: $28,420; Switzerland is 3rd highest of 49. World rank, highest first: 3rd of 180.

How does Switzerland's income per person compare after prices?

$102,513 in international dollars: that is GDP per person at purchasing power parity in Switzerland for 2025, according to the World Bank. No year since 2005 has been higher. Across Europe & Central Asia the middle value was $50,946 in international dollars, and Switzerland placed 4th highest of 49. Worldwide: 6th of 179.

How much does Switzerland export?

In 2025, exports of goods and services in Switzerland was 78.1% of GDP, according to the World Bank. It is the top of the series, which starts in 2005. It is 8th highest of 46 in Europe & Central Asia, where the median is 47.7% of GDP. Worldwide: 13th of 133.

Does Switzerland have a current account surplus or deficit?

According to the IMF, the current account balance in Switzerland was 6.2% of GDP in 2025. The peak was 13.5% of GDP in 2010 and the low 0.4% of GDP in 2020. Across Europe & Central Asia the middle value was -0.3% of GDP, and Switzerland placed 8th highest of 47. World rank, highest first: 18th of 132.

How much foreign direct investment goes into Switzerland?

In 2025, net inflows of foreign direct investment in Switzerland was 0.0% of GDP, according to the IMF. The peak was 24.5% of GDP in 2016 and the low -31.6% of GDP in 2020. Europe & Central Asia median: 1.9% of GDP; Switzerland is 41st highest of 49. Of 179 countries with 2025 data, 163rd highest.

What interest rate do banks charge in Switzerland?

The IMF puts the average bank lending rate in Switzerland at 2.8% in 2025. The peak was 3.3% in 2008 and the low 2.6% in 2018. It is 17th highest of 17 in Europe & Central Asia, where the median is 8.0%. Of 73 countries with 2025 data, 72nd highest.