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Switzerland

EFTA Outside the euro area Population: 9.05 M (2025)

Source: Eurostat, data retrieved 2026-10-19; each indicator links to its dataset · Methodology and technical sheets

Economic situation

Switzerland: real GDP grew 2.8% year on year (Q2 2026); previous quarter: 0.5%; EU27: 1.5%. Harmonised inflation (HICP) stands at 1.2% (09/2026), below the EU27 average (3.8%); core inflation, excluding energy and food, is 0.8%. The unemployment rate stands at 4.8% (06/2026), up 0.2 percentage points on a year earlier; the EU27 rate is 6.2%. The current account shows a surplus of 10.4% of GDP (Q2 2026). Its best European position is in "Life expectancy at birth" (1 of 37) and its worst in "Household debt (loans)" (31 of 31).

Key indicators

GDP growth2.8%Q2 2026+1.2 pp year on year12 of 34 in EuropeInflation (HICP)1.2%09/2026+1.2 pp year on year2 of 36 in EuropeUnemployment rate4.8%06/2026+0.2 pp year on year12 of 33 in EuropeEmployment rate (20–64)82.2%Q2 2026-0.6 pp year on year7 of 34 in EuropeCurrent account (% GDP)10.4%Q2 2026+5.8 pp year on year4 of 32 in Europe

Trends

Activity: GDP, consumption and investment (real year-on-year change, %)
Prices: headline and core inflation (HICP, %)
Labour: total and youth unemployment (%)
External sector: current account, goods and services (% of GDP)
Government expenditure by function (COFOG) →What Switzerland spends on: 10 functions and 69 sub-functions compared with the EU27, and the split by level of government.Regions of Switzerland →34 regions with indicators on population, GDP, jobs, income and well-being (NUTS 1: 1 · NUTS 2: 7 · NUTS 3: 26).

All indicators

119 indicators for Switzerland. Its NUTS 1, 2 and 3 regions, with their own indicators, are on the country's regions page.

GDP and national accounts

17
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Nominal GDP (quarterly) M€Q2 2026246,396 M€+4.4%7 of 35
Real GDP, year-on-year change (quarterly) %Q2 20262.8%+1.2 pp12 of 34
Real GDP, chain-linked volume (quarterly) M€ (2020)Q2 2026195,128 M€+2.8%7 of 35
Nominal GDP (annual) M€2025925,875 M€+3.3%7 of 37
Real GDP growth (annual) %20251.3%-0.1 pp22 of 35
GDP per capita € per inhabitant2025101,800 €+2.4%3 of 35
Real GDP per capita € (2020) per inhabitant202583,000 €+0.4%3 of 35
Real GDP per capita, annual change %20250.4%+0.1 pp27 of 34
Household consumption, real year-on-year change %Q2 20261.3%-0.4 pp20 of 34
Government consumption, real year-on-year change %Q2 20261.7%+2.0 pp15 of 34
Gross fixed capital formation, real year-on-year change %Q2 20261.8%-0.4 pp21 of 33
Exports, real year-on-year change %Q2 20264.5%+3.1 pp14 of 34
Imports, real year-on-year change %Q2 2026-1.3%-11.2 pp33 of 34
Industry share of the economy % of GVA202521.1%-0.4 pp10 of 37
Construction share of the economy % of GVA20254.6%0.0 pp34 of 37
Services share of the economy % of GVA202573.7%+0.4 pp14 of 37
Public administration, education and health share of the economy % of GVA202518.5%+0.2 pp15 of 37

Prices

24
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Consumer price level (HICP) index 2015 = 10009/2026108.83+1.2%36 of 36
HICP, annual rate of change %09/20261.2%+1.2 pp2 of 36
Core HICP (excluding energy, food, alcohol and tobacco) %09/20260.8%+0.2 pp1 of 36
HICP energy %09/202612.6%+18.9 pp10 of 36
HICP food, alcohol and tobacco %09/20260.0%+0.8 pp9 of 36
HICP services %09/20261.2%+0.1 pp1 of 36
HICP non-energy industrial goods %09/2026-0.9%+0.2 pp2 of 36
HICP alcoholic beverages and tobacco %09/20261.5%+1.4 pp4 of 36
HICP clothing and footwear %09/2026-1.5%-1.4 pp8 of 36
HICP furnishings and household equipment %09/20260.1%+0.4 pp10 of 36
HICP health %09/20260.2%-0.4 pp2 of 36
HICP information and communication %09/20261.6%+2.2 pp16 of 36
HICP recreation, sport and culture %09/20265.2%+4.7 pp27 of 36
HICP education services %09/2026-0.1%-2.7 pp4 of 36
HICP insurance and financial services %09/20262.2%+3.0 pp11 of 36
HICP personal care and miscellaneous goods and services %09/20260.5%+0.8 pp2 of 36
HICP, annual average rate %20250.1%-1.0 pp1 of 35
HICP electricity %09/2026-3.0%+5.7 pp7 of 34
HICP natural gas %09/2026-3.0%+2.6 pp4 of 29
HICP diesel %09/202628.7%+32.7 pp7 of 35
HICP petrol %09/202619.9%+25.6 pp10 of 35
Industrial producer prices, year-on-year change %09/2026-0.5%0.0 pp8 of 8
House prices, annual rate of change %Q2 20263.5%-1.5 pp23 of 29
Price level relative to the EU27 index EU27 = 1002025156.1-1.7%2 of 36

Government

9
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Government deficit (−) or surplus (+) (quarterly) % of GDPQ1 2026 p2.9%-0.7 pp3 of 30
Total government revenue % of GDP202434.2%+0.4 pp27 of 30
Total government expenditure % of GDP202433.6%+0.2 pp29 of 30
Government interest payments % of GDP20240.30%0.00 pp1 of 30
Government investment (GFCF) % of GDP20243.20%-0.10 pp21 of 30
Tax burden (taxes and social contributions) % of GDP202427.8%+0.3 pp29 of 30
Taxes on income and wealth % of GDP202415.5%+0.2 pp9 of 30
VAT % of GDP20243.3%+0.2 pp30 of 30
Social contributions % of GDP20246.8%+0.1 pp25 of 30

Government expenditure by function (COFOG)

20
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
General public services expenditure (COFOG) % of GDP20244.3%-0.1 pp25 of 30
Defence expenditure (COFOG) % of GDP20240.8%0.0 pp25 of 30
Public order and safety expenditure (COFOG) % of GDP20241.6%0.0 pp17 of 30
Economic affairs expenditure (COFOG) % of GDP20243.8%0.0 pp25 of 30
Environmental protection expenditure (COFOG) % of GDP20240.5%0.0 pp23 of 30
Housing and community amenities expenditure (COFOG) % of GDP20240.2%0.0 pp30 of 30
Health expenditure (COFOG) % of GDP20242.2%0.0 pp30 of 30
Recreation, culture and religion expenditure (COFOG) % of GDP20240.9%-0.1 pp25 of 30
Education expenditure (COFOG) % of GDP20245.3%+0.1 pp11 of 30
Social protection expenditure (COFOG) % of GDP202412.7%+0.2 pp25 of 30
General public services share of government expenditure (COFOG) %202413.3%-0.2 pp8 of 30
Defence share of government expenditure (COFOG) %20242.5%-0.1 pp22 of 30
Public order and safety share of government expenditure (COFOG) %20244.9%0.0 pp5 of 30
Economic affairs share of government expenditure (COFOG) %202411.8%0.0 pp15 of 30
Environmental protection share of government expenditure (COFOG) %20241.6%-0.1 pp14 of 30
Housing and community amenities share of government expenditure (COFOG) %20240.6%0.0 pp30 of 30
Health share of government expenditure (COFOG) %20246.7%0.0 pp30 of 30
Recreation, culture and religion share of government expenditure (COFOG) %20242.9%-0.1 pp12 of 30
Education share of government expenditure (COFOG) %202416.3%0.0 pp1 of 30
Social protection share of government expenditure (COFOG) %202439.2%+0.3 pp10 of 30

Business and activity

12
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Industrial production index 2021 = 10006/2026 p132.7+15.8%2 of 36
Industrial production, seasonally adjusted index index 2021 = 10006/2026 p122.0+10.1%2 of 36
Industrial production, year-on-year change %06/2026 p10.1%+10.0 pp2 of 36
Industrial production, month-on-month change %06/2026 p0.6%+0.7 pp11 of 36
Manufacturing production, year-on-year change %06/2026 p11.2%+10.5 pp1 of 36
Electricity and gas production, year-on-year change %06/2026 p-6.9%+0.6 pp27 of 36
Industrial production, year-on-year change (quarterly) %Q2 2026 p5.5%+3.4 pp5 of 36
Industrial turnover, year-on-year change %12/20219.0%+10.8 pp27 of 33
Retail trade, volume of sales index 2021 = 10008/2026 p96.4+2.3%28 of 32
Retail trade volume, year-on-year change %08/2026 p3.1%+3.1 pp16 of 32
Services turnover, year-on-year change %07/2026 p5.4%+5.7 pp19 of 29
R&D expenditure % of GDP20233.10%—4 of 34

Labour market and productivity

16
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Unemployment rate % of labour force06/20264.8%+0.2 pp12 of 33
Youth unemployment rate (under 25) % of labour force06/20267.9%+0.1 pp3 of 33
Unemployed persons thousand persons06/2026248+4.2%19 of 33
Unemployment rate (annual) % of labour force20254.9%+0.5 pp13 of 34
Long-term unemployment rate % of labour force20251.5%+0.1 pp13 of 34
Employment rate (20–64) % of populationQ2 202682.2%-0.6 pp7 of 34
Employed persons (15–74) thousand personsQ2 20264,861+0.5%13 of 34
Employed persons per inhabitant % of population202559.0%-0.3 pp2 of 33
Hours worked per inhabitant hours per year2025889-1.2%12 of 32
Real labour productivity per hour, annual change %20251.7%+0.5 pp18 of 32
Nominal unit labour cost, annual change %2025-0.2%-2.1 pp3 of 33
Hours worked per employed person hours per year20251,508-0.8%25 of 32
Compensation per employee € per year2025108,597 €+2.3%1 of 33
Compensation per hour worked € per hour202572.0 €+3.0%1 of 31
Job vacancy rate (B–S) %Q4 20251.5%-0.1 pp17 of 31
Population aged 25–64 with tertiary education %202546.2%-0.3 pp8 of 34

Households

7
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Household saving rate % of disposable income2023 p22.0%-0.4 pp1 of 30
Real household disposable income per capita, annual change %2023 p-0.5%-1.1 pp23 of 30
Median equivalised income PPS202429,828 PPS+5.6%3 of 33
Gini coefficient of disposable income 0–100202431.0-1.6%22 of 33
People at risk of poverty or social exclusion (AROPE) % of population202419.3%-0.2 pp14 of 33
Housing cost overburden rate % of population202415.3%+1.1 pp31 of 33
Household debt (loans) % of GDP2025123.0%+1.9 pp31 of 31

External sector and financing

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Current account balance % of GDPQ2 202610.4%+5.8 pp4 of 32
Goods balance % of GDPQ2 202613.1%+5.4 pp3 of 32
Services balance % of GDPQ2 2026-1.9%-0.9 pp31 of 32
Net international investment position % of GDPQ2 2026111.1%+1.3 pp3 of 32
Net direct investment % of GDPQ2 20264.1%+4.2 pp4 of 32
Real effective exchange rate (42 partners, CPI-deflated) index 2015 = 10007/2026102.73-3.2%20 of 30

Demography

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Population on 1 January persons20259,051,029+1.0%16 of 38
Total population change per 1,000 inhabitants2025 p8.1-18.2%9 of 39
Net migration (including statistical adjustment) per 1,000 inhabitants2025 p7.4-19.6%9 of 39
Median age of population years202542.9+0.2%21 of 38
Old-age dependency ratio (65+ / 15–64) %202529.8%+0.4 pp13 of 38
Life expectancy at birth years202484.2+0.1%1 of 37

Public-sector efficiency

2
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Employment in public administration and defence (NACE O) thousand persons2025212+2.8%15 of 26
Total employment (national accounts) thousand persons20255,365+0.4%11 of 26