National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Switzerland
CHEGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199,084,959,962.00
Year-over-Year Change
12.82%
Date Range
1/1/1980 - 7/1/2023
Summary
The Gross Domestic Product (GDP) by Expenditure: Current Prices: Gross Domestic Product: Total for Switzerland measures the total economic output of Switzerland in current monetary terms.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This GDP trend represents the market value of all final goods and services produced within Switzerland's borders, regardless of the nationality of the producers. It is a key indicator of economic health and is widely used by policymakers, economists, and investors to assess the performance of the Swiss economy.
Methodology
The data is collected and calculated by the Swiss Federal Statistical Office using national accounts methodology.
Historical Context
GDP is a crucial metric for understanding the state of the Swiss economy and informing economic and policy decisions.
Key Facts
- Switzerland's GDP reached 737.8 billion Swiss francs in 2021.
- GDP per capita in Switzerland was 85,269 Swiss francs in 2021.
- The Swiss economy grew by 3.7% in 2021 after contracting 2.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total market value of all final goods and services produced within Switzerland's borders, regardless of the nationality of the producers.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of economic health and performance, and is widely used by policymakers, economists, and investors to assess the state of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Swiss Federal Statistical Office using national accounts methodology.
Q: How is this trend used in economic policy?
A: GDP is a key metric for understanding the state of the Swiss economy and informing economic and policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Switzerland (CHEGDPNQDSMEI), retrieved from FRED.