1 EUR = 1.0893 CHF (2019-08-23)
During the last 11 years EURCHF exchange rate was within the range 1.0341 - 1.5317, reaching its maximum in Jul 2009 and falling to its minimum in May 2015.
Chart 1. Euro to Swiss franc (EURCHF). Source: ECB.
|Nominal GDP (2018)|
|597.3 bln EUR (-0.01%)|
|Nominal GDP per Capita (2017)|
|71,200 EUR (-0.02%)|
|Real GDP Growth (2018)|
|2.5 % (2017: 1.0 %)|
According to Eurostat, nominal GDP of Switzerland in 2018 was 597.3 bln EUR.
Switzerland underperforms the European Union in terms of real GDP growth with the average annual differential coming to -0.3% over the past 10 years (2008 - 2018). In 2018 real GDP growth was 2.5% which was above the Euro Area average (1.9%) and above the European Union average (2.0%). Real GDP growth in 2019 - 2024 are IMF's estimates.
Chart 2. Real GDP Growth in Switzerland. Source: Eurostat, International Monetary Fund.
In 2017, nominal GDP per capita in Switzerland was 71,200 EUR.
Switzerland has an above-average level of wealth in terms of per-capita GDP at purchasing power parity (PPP); this economic welfare indicator has, on average, exceeded that of the European Union by 44.7% over the past 10 years (2007 - 2017). GDP per capita at PPP in 2018 - 2024 are IMF's estimates.
Chart 3. GDP Per Capita at Purchasing Power Parity in Switzerland; European Union = 100.
|CPI, MoM (Mar 2019)|
|0.3 % (unchanged)|
|CPI, YoY (Mar 2019)|
|0.7 % (unchanged)|
|CPI, Year Average (2018)|
|0.9 % (2017: 0.6 %)|
According to Eurostat, inflation rate in Switzerland in 2018 expressed as annual percentages of average consumer prices was 0.9% which was below the Euro Area average (1.8%) and below the European Union average (1.9%). Inflation rates in 2019 - 2024 are IMF's estimates.
Chart 4. Inflation Rate in Switzerland. Source: Eurostat, International Monetary Fund.
|Unemployment Rate (2017)|
|3.2 % (2016: 3.3 %)|
According to , unemployment rate in Switzerland in 2017 was 3.2% which was below the Euro Area average (9.1%) and below the European Union average (7.6%). Unemployment rates in 2018 - 2024 are IMF's estimates.
Chart 5. Unemployment Rate in Switzerland. Source: International Monetary Fund.
|AAA (highest credit quality), outlook stable|
|Aaa (prime), outlook stable|
Switzerland has sovereign credit ratings assigned by Fitch and Moody's: the rating set by Fitch is AAA (highest credit quality), outlook stable; the rating set by Moody's is Aaa (prime), outlook stable.