Thursday, December 1, 2022

Swiss economy grew by more than 4 percent

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GDP has even risen above the level of 2019. (archive image)

The previous GDP estimate, which was published by the State Secretariat for Economic Affairs (Seco) at the end of May, only calculated growth of 3.8 percent. However, the decline in GDP in the corona year 2020 of 2.4 percent is unchanged in the new calculation.

Thanks to the strong upswing last year, GDP in 2021 even exceeded the 2019 level again, the Federal Statistical Office (BFS) announced on Tuesday. This despite the fact that some areas continued to suffer from the pandemic. Spending on leisure and culture as well as on restaurants and package tours continued to be affected, while spending on food and non-alcoholic beverages, furniture and household goods, but also clothing and shoes rose again.

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