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Swiss economy is booming: GDP growth exceeds all expectations!
In the first quarter of 2025, the Swiss economy is growing unexpectedly strongly, with record exports and positive GDP figures.
Swiss economy is booming: GDP growth exceeds all expectations!
The Swiss economy is in better shape than expected in the first quarter of 2025. According to the latest information from the State Secretariat for Economic Affairs (Seco), real gross domestic product (GDP) grew by 0.8 percent compared to the previous quarter. An initial estimate had only predicted growth of 0.7 percent. This could be partly due to export pull-forward effects related to tariff threats from the US government under President Donald Trump, such as gmx.ch reported.
The chemical-pharmaceutical industry recorded above-average growth in the first quarter, and the service sector also contributed to the positive development. In addition, domestic demand showed a positive development. Adjusted for sporting events, GDP growth was 0.5 percent. The growth figures for the full year 2024 have also been revised upwards slightly.
Record exports and trade surplus
Swiss exports reached a record 74.15 billion francs in the first quarter of 2025, representing one of the best results in Switzerland's history. Exports rose by a seasonally adjusted 3.6 percent, boosted by high exports of chemical-pharmaceutical products, particularly to the USA. In March 2025, record exports of 27.6 billion francs were recorded, an increase of 12.6 percent compared to the same month last year. The trade balance year ended with a surplus of 13.7 million francs, which underlines the strength of the export economy 20min.ch notes.
Imports rose by 5.9 percent to 60.49 billion francs in the same period. Other product groups such as jewelry, jewelry, machinery and electronics also achieved export profits. The increase in gold exports to the US took place particularly in response to the introduction of US tariffs in April 2025, which do not apply to gold and precious metals, which resulted in a sharp increase in gold exports.
In summary, the development of the Swiss economy is characterized by a positive consumption and export trend. This dynamic could be further reinforced by the uncertainties in international trade, as many companies have to prepare for possible trade conflicts and tariff measures.