Swiss direct investment abroadCompanies domiciled in Switzerland invested CHF 100 billion abroad, compared with disinvestment of CHF 1 billion the year before. Thus, Swiss direct investment abroad was significantly above the average for the past ten years. At CHF 54 billion, over half of the investment was made by finance and holding companies (2014: CHF 3 billion). Substantial fluctuations in direct investment by this category are not unusual and can often be attributed to group reorganisation, as was also the case in the year under review. Companies in the trade category invested CHF 27 billion abroad, primarily in the form of loans to affiliated companies. Direct investment by manufacturing amounted to CHF 12 billion, which was mainly attributable to the companies concerned reinvesting profits in their subsidiaries abroad. Manufacturing also made considerable acquisitions abroad, though withdrew similar amounts from subsidiaries in the same period.
Companies in Switzerland invested CHF 77 billion in Europe. As in 2014, investment flowed into the EU holding locations of Ireland, the Netherlands and Luxembourg, but also into France. Outside Europe, Asia was the most important investment destination. Domestic companies also invested in Australia, North America and Africa. Capital was withdrawn from Central and South America, however.
Stocks of direct investment abroad increased by CHF 47 billion (4%) to CHF 1,121 billion. The increase arising from transactions was offset by exchange rate losses following the discontinuation of the minimum exchange rate by the Swiss National Bank (SNB). At CHF 393 billion, finance and holding companies reported the highest capital stocks abroad by far, followed by chemicals and plastics, at CHF 169 billion.
Income from direct investment abroad continued to increase – from CHF 83 billion to CHF 92 billion – driven mainly by higher income from finance and holding company subsidiaries. Investment income from subsidiaries in manufacturing attained the same level as the previous year.
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Direct Investment 2015: Switzerland Swiss direct investment abroad, Foreign Investment in Switzerland, Swiss subsidiaries abroad Source: snb.ch - Click to enlarge |
Foreign direct investment in Switzerland
Operational data on multinational companies
Availability and revision of data
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