Swiss current account surplus smallest in over one year

Switzerland's current account surplus narrowed to ₣6.3 billion in the third quarter of 2024, down from a revised ₣16 billion in the same period of the previous year.

Swiss current account surplus smallest in over one year

This was the smallest surplus since Q1 2023, as the goods surplus decreased to ₣26.7 billion from ₣30.1 billion in Q3 2023, while the services deficit widened to ₣8.1 billion from ₣6.1 billion.

Further figures

Additionally, the primary income shortfall increased to ₣6.5 billion from ₣4.2 billion a year earlier, and the secondary income gap grew significantly to ₣5.9 billion from ₣3.8 billion, mainly due to domestic insurance companies’ claims payments abroad.