Gross Domestic Product for Switzerland
MKTGDPCHA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
936,564,198,048.52
Year-over-Year Change
36.44%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Switzerland measures the total value of goods and services produced within the country. It is a key indicator of economic growth and widely used by economists and policymakers to assess the overall health of the Swiss economy.
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
GDP is the broadest measure of a country's economic activity, encompassing consumption, investment, government spending, and net exports. It is closely monitored by Swiss government agencies, the OECD, and international financial institutions to gauge the performance and trajectory of the Swiss economy.
Methodology
The GDP data is collected and calculated by the Swiss Federal Statistical Office using a variety of sources, including national accounts, surveys, and administrative records.
Historical Context
Swiss GDP figures are closely watched by the Swiss National Bank and other policymakers to inform monetary and fiscal policies aimed at promoting economic stability and growth.
Key Facts
- Switzerland has one of the highest GDP per capita in the world.
- The Swiss economy is highly diversified, with thriving financial, pharmaceutical, and manufacturing sectors.
- GDP growth in Switzerland has averaged around 1.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Switzerland measures the total value of goods and services produced within the country, providing a comprehensive snapshot of the overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Swiss GDP is a crucial indicator used by economists, policymakers, and market analysts to assess the health and performance of the Swiss economy, informing economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the Swiss Federal Statistical Office using national accounts, surveys, and administrative records.
Q: How is this trend used in economic policy?
A: The Swiss National Bank and other policymakers closely monitor GDP figures to inform monetary and fiscal policies aimed at promoting economic stability and growth in Switzerland.
Q: Are there update delays or limitations?
A: The GDP data is typically published on a quarterly basis, with some potential for minor revisions as more comprehensive information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product for Switzerland (MKTGDPCHA646NWDB), retrieved from FRED.