Tag Archive: Switzerland Capital Account

Swiss Balance of Payments and International Investment Position: Q1 2020

2020-06-29

Key figures: Current Account: Down 13.72% against Q1/2019 to 17.4 bn. CHF of which Goods Trade Balance: Plus 8.05% against Q1/2019 to 17.4 bn. of which the Services Balance: Minus 53.84% to 3.02 bn. of which Investment Income: Minus 0.54% to 6.3 bn. CHF.

Read More »

Swiss Balance of Payments and International Investment Position: Q4 2019 and review of the year 2019

2020-03-23

by George Dorgan

2020-03-23

In the fourth quarter of 2019, the current account surplus was CHF 26 billion, CHF 11 billionmore than in Q4 2018. The increase was primarily attributable to the higher receipts surplus in investment income and goods trade. The transactions reported in the financial account showed a net acquisition of financial assets (CHF 40 billion) and a net incurrence of liabilities (CHF 19 billion) in Q4 2019.

Read More »

Swiss Balance of Payments and International Investment Position: Q3 2019

2019-12-20

by George Dorgan

2019-12-20

In summary: Nearly any change against the third quarter of 2018. About the same figures. But clearly and – as usual – a massive surplus. Key figures: Current Account: Up 39.15% against Q3/2018 to 18.09 bn. CHF. of which Goods Trade Balance: Plus 49.78% against Q3/2018 to 16.76 bn. of which the Services Balance: Minus 12.94% to 5.25 bn.

Read More »

Swiss Balance of Payments and International Investment Position: Q2 2019

2019-09-20

by George Dorgan

2019-09-20

The assets side of the financial account registered a total net acquisition of CHF 11 billion (Q2 2018: net reduction of CHF 30 billion). Other investment contributed CHF 7 billion to this net acquisition (Q2 2018: net reduction of CHF 36 billion), in part because the SNB increased its foreign claims in connection with repo transactions.

Read More »

Swiss Balance of Payments and International Investment Position: Q1 2019

2019-06-24

by George Dorgan

2019-06-24

In the first quarter of 2019, the current account surplus amounted to CHF 17 billion, on a par with the same quarter of 2018. Trade in services recorded a higher receipts surplus compared with the year-back quarter, whereas secondary income registered a higher expenses surplus. The balances of trade in goods and primary income barely changed.

Read More »

Swiss Balance of Payments and International Investment Position: Q4 2018 and whole 2018

2019-03-25

by George Dorgan

2019-03-25

The current account surplus for 2018 was CHF 71 billion, CHF 26 billion more than in the previous year, an increase by over 50%.

Read More »

Swiss Balance of Payments and International Investment Position: Q3 2018

2018-12-21

by George Dorgan

2018-12-21

Current Account Key figures: Current Account: Up 85% against Q3/2017 to 14.6 bn. CHF of which Goods Trade Balance: Up 16.6% against Q3/2017 to 10.5 bn. of which the Services Balance: Minus 5.6% to 5.0 bn. of which Investment Income: Up 74.4% to 7.6 bn. CHF. Financial account Net acquisition of financial assets The … Continue reading »

Read More »

Swiss Balance of Payments and International Investment Position: Q2 2018

2018-09-24

by George Dorgan

2018-09-24

Key figures: Current Account: Up 27.0% against Q1/2018 to 22.1 bn. CHF, Goods Trade Balance: Up 4.8% against Q1/2018 to 15.2 bn., Services Balance: Minus 20.6% to 4.6 bn., Investment Income: Plus 107.7% to 10.7 bn. CHF.

Read More »

Swiss Balance of Payments and International Investment Position: Q1 2018

2018-06-25

by George Dorgan

2018-06-25

The current account surplus amounted to CHF 18 billion in the first quarter of 2018, an increase of CHF 5 billion over the same quarter of 2017. This rise was attributable to the higher receipts surplus on trading in non-monetary gold, which is recorded under trade in goods. In the case of services as well as primary and secondary income, the balances remained stable.

Read More »

Swiss Balance of Payments and International Investment Position: Q4 2017 and review of the year 2017

2018-03-27

by George Dorgan

2018-03-27

Key figures: Current Account: -9.6% against Q4/2016 to 19,679 bn. CHF, Record High Trade Surplus in Goods: +24.4% to 17,279 bn., Services Surplus : -4.0% to 4,820 bn., but Investment Income: down 42.7% to 5,877 bn.

Read More »

Q3/2017: Swiss Current Account Surplus significantly down

2017-12-30

by George Dorgan

2017-12-30

The Swiss current account surplus went down by 15% against the same quarter in 2016. In the third quarter of 2015. The current account surplus was still at 22 bn. CHF. It seems to be a change in the usual movement that sees a higher Q3 surplus compared to the other quarters.

Read More »

Swiss Balance of Payments and International Investment Position: Q2 2017

2017-09-26

by George Dorgan

2017-09-26

Key figures, Current Account: -3.6% against Q2/2016 to 18,748 bn. CHF, Trade Balance: +6.5% to 15,550 bn, Services Balance: -12.8% to 4,087 bn, Investment Income: -22.9% to 7,369 bn.

Read More »

Switzerland’s Changing International Linkages

2017-08-03

by Dirk Niepelt

2017-08-03

Over the last decade, the economic linkages between Switzerland and the rest of the world have been transformed. First, merchanting and the chemical industry account for an increasing share of international trade, with chemicals exports expanding robustly in recent years despite the European crisis and the strong Swiss franc.

Read More »

Swiss balance of payments and international investment position: Q1 2017

2017-06-26

by George Dorgan

2017-06-26

Key Figures, Current Account: +39% against Q1/2016, now +11.1 bn. CHF, Trade Balance: +78% to 10.5 bn, Services Balance: +21% to 5.5 bn, Investment Income: -50% to +2.9 bn.

Read More »

Swiss balance of payments and international investment position: Current Account Surplus Up 22%

2017-03-24

by George Dorgan

2017-03-24

Switzerland extended its current account and trade surplus in Q4/2016 by 22%, helped by strong interventions by the Swiss National Bank.

Read More »

Swiss balance of payments and international investment position: Q3 2016

2016-12-21

by SNB

2016-12-21

Switzerland International Investment Position - Q3 2016

In the third quarter of 2016, the current account surplus amounted to CHF 21 billion. This was CHF 2 billion less than in the year -back quarter. As a result of lower receipts from direct investment, the receipts surplus in primary income (labour and investment income) declined by CHF 4 billion to CHF 1 billion. The surplus of receipts from trade in goods increased by CHF 2 billion to CHF 17 billion, while the surplus of receipts for trade in...

Read More »

Swiss balance of payments and international investment position: Q2 2016

2016-09-26

by SNB

2016-09-26

Switzerland's International Investment Position - Q2 2016

In the second quarter of 2016, the current account surplus amounted to CHF 17 billion. This was CHF 3 billion less than in the year-back quarter, mainly due to a decline in the receipts surplus in primary income (labour and investment income).

Read More »