CHF macro coverage

Switzerland Economic Indicators

Swiss franc — premier safe-haven currency backed by Switzerland's stability and SNB credibility.

The Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein. It is one of the most stable and most-held safe-haven currencies thanks to Switzerland's political neutrality, current-account surplus, low inflation, and credible monetary institutions.

Switzerland macro brief

The highest-signal pages for Switzerland include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP) Growth, with each page linking back to the source metadata, release history, and API endpoint.

The Swiss National Bank (SNB) sets the SNB policy rate and conducts FX interventions to influence financial conditions. It holds quarterly monetary policy assessments and explicitly states that it is willing to be active in the FX market when needed.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving direct links into the versioned API documentation for developers.

What to watch
  • SNB quarterly monetary policy assessment.
  • Swiss CPI release.
  • SNB sight deposits (weekly proxy for intervention).
  • KOF leading indicator.
  • EUR/CHF as a gauge of safe-haven demand.

Key Switzerland indicators

The highest-signal country pages for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Quarterly % Monetary Policy

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Economy

Core Inflation

CPI excluding volatile items like food and energy.

Monthly %YoY Economy

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly CHF bn Economy

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Labor Market

Trade Balance

The difference between the value of a country's exports and imports.

Monthly CHF mn Economy

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly %YoY Economy

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Economy

All Switzerland indicator pages

Filter by indicator name, source, cadence, or category.

Economy 12 pages

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Monthly Index (0-100 normalized) Coverage metadata updating

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Quarterly Index (0-100 normalized) History from 2023-01-31 (3.4 years)

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly CHF mn History from 2010-03-31 (16.2 years)

Exports of Goods & Services

Total exports reported by ABS (AUD millions), quarterly based on national accounts.

Monthly CHF mn History from 2012-03-31 (14.2 years)

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly CHF bn History from 2010-03-31 (16.2 years)

Imports of Goods & Services

Total imports reported by ABS (AUD millions), quarterly based on national accounts.

Monthly CHF mn History from 2012-03-31 (14.2 years)

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY History from 2010-01-01 (16.5 years)

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY History from 2004-05-31 (22.1 years)

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly %YoY History from 2010-01-31 (16.4 years)

Trade Balance

The difference between the value of a country's exports and imports.

Monthly CHF mn History from 2010-03-31 (16.2 years)

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) History from 2000-01-31 (26.4 years)
Labor Market 5 pages

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % History from 2010-03-31 (16.2 years)
Money & Credit 4 pages

Broad Money (M3)

Total money supply including cash, deposits and other liquid assets.

Monthly CHF mn History from 2000-01-31 (26.4 years)

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly CHF mn History from 2000-01-31 (26.4 years)

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly CHF mn History from 2000-01-31 (26.4 years)

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly CHF mn History from 2000-01-31 (26.4 years)
Monetary Policy 5 pages

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Monthly CHF mn History from 2010-01-31 (16.4 years)

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Monthly CHF mn History from 2000-01-31 (26.4 years)

Gold Reserves

Quantity of gold held by the central bank as part of its foreign exchange reserves, measured in value terms.

Monthly CHF mn History from 2000-01-31 (26.4 years)
Government Bond Yields 9 pages
SNB Indicators 2 pages
Additional Indicators 6 pages

CHF market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

SNB policy rate, FX intervention activity, and sight deposits.

Driver 2

Global risk sentiment — CHF strengthens in risk-off episodes.

Driver 3

Eurozone yields and Swiss-German 10-year yield spread.

Driver 4

Swiss CPI (released early in the month) and core CPI.

Driver 5

KOF Economic Barometer and SECO consumer climate.

Driver 6

Swiss current-account surplus and SNB FX reserves.