Switzerland - Current Account Balance





Switzerland: Current Account Balance

Mnemonic TAB.ICHE
Unit Mil. CHF, NSA
Adjustments Not Seasonally Adjusted
Quarterly 29.48 %
Data 2023 Q3 22,537
2023 Q2 17,405

Series Information

Source Banque National Suisse
Release Balance of Payments and International Investment Position
Frequency Quarterly
Start Date 3/31/1972
End Date 9/30/2023

Switzerland: Trade

Reference Last Previous Units Frequency
Balance of Goods 2023 Q4 31,534 33,720 Mil. CHF, CDASA Quarterly
Exports of Goods 2023 Q4 110,576 108,669 Mil. CHF, CDASA Quarterly
Exports of Goods and Services 2023 Q4 149,506 147,375 Mil. CHF, CDASA Quarterly
Imports of Goods 2023 Q4 79,042 74,949 Mil. CHF, CDASA Quarterly
Imports of Goods and Services 2023 Q4 121,661 117,933 Mil. CHF, CDASA Quarterly
Net Exports 2023 Q4 27,844 29,442 Mil. CHF, CDASA Quarterly
Real Exports of Goods and Services 2023 Q4 136,466 134,670 Mil. Ch. 2015 CHF, CDASA Quarterly
Real Imports of Goods and Services 2023 Q4 103,787 101,301 Mil. Ch. 2015 CHF, CDASA Quarterly
Current Account Balance 2023 Q3 22,537 17,405 Mil. CHF, NSA Quarterly
Real Net Exports 2017 92,077,714,600 86,414,056,400 NCU Annual

Release Information

For Switzerland, the detailed quarterly balance of payments, international investment position, and external debt.

The source writes:

The topic "international economic affairs" covers information on Switzerland’s foreign trade, balance of payments and international investment position, on direct investment, the operational activities of multinational enterprises, as well as on a number of international indicators.

Contents:

  1. Exports and imports of goods
  2. Exports and imports of services
  3. Receipts and payments of income (from which data for the prescribed component of net income receipts can be derived)
  4. Receipts and payments of current transfers (from which data for the prescribed component of net current transfers can be derived)
  5. Financial transactions
  6. Reserve assets

Active:

  • Framework: IMF BPM6
  • Measurement: Millions of Swiss francs (Mil. CHF)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequencies:
    • Quarterly
    • Annual
  • Start dates:
    • External debt: Most at 1999Q4
    • International investment position: Most at 1985Q1
    • Balance of payments: Between 1983Q1 and 2012Q1Q1
    • BOP current account balance (extended): 1972Q1

Predecessor:

  • BPM5 - 1972 to 2013 ("_B5")

The source writes:

Definitions

Direct investment
The objective of direct investment is to exert a direct and lasting influence on the operations of a company abroad. As a rule, a direct investment relationship is deemed to exist if an investor (direct investor) owns at least 10% of the voting stock of a company (direct investment company) abroad or sets up a subsidiary or branch abroad. As soon as a direct investment relationship has been established, all cross-border intragroup financial linkages generally qualify as direct investment.
Portfolio investment
Cross-border transactions in connection with the purchase and sale of equity and debt securities which are not covered by direct investment or reserve assets. Unlike direct investment, the emphasis is on income rather than the influence on the business activities of a company.
Other investment
All financial investment which is not included under direct investment, portfolio investment, derivatives or reserve assets.
Reserve assets
Central bank assets denominated in foreign currencies or gold. Reserve assets within the financial account comprise transactions in these assets.

Other sectors - total includes direct investment loans.

Short-term money market instruments of Banks are also included in money market instruments of the other sectors

Long term bonds and notes of Banks are also included in bonds of the other sectors.

Change in method

Before 2021, series had a framework break from BPM5 to BPM6. In late 2021, the source imposed BPM6 consistently, which back-extended some quarterly and annual series.

Moody's Analytics supplements

For the current account balance, we back-extend (1972Q1 to 1999Q4) using the BPM5 predecessor.

  • 28 Dec 2022, Phillip Thorne - Further reading