Gross domestic product in 1st quarter 2015
Bern, 29.5.2015 - Switzerland’s real gross domestic product (GDP) in the 1st quarter 2015 fell by 0.2%*. The trade balance in goods and services in particular delivered negative growth contributions. Positive development of gross investments and household consumption prevented a larger decline in GDP. On the production side, many categories reported a significant slowdown in growth. A decline in value added was registered for the trading and accommodation sectors. The GDP deflator fell by 0.9% compared to the 1st quarter 2014, whilst real GDP increased by 1.1% on a year-a-year basis.