Source: world bank Nominal/PPP
Summary:
Switzerland GDP expanded from 1960 to 2009, increasing from $10.41 billion to $554.21 billion.The compound annual growth rate (CAGR) averaged 8.45% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 20.86%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Switzerland Economic Phases (1960–2009)
Between 1960 to 2009, Switzerland experienced the following economic phases:
- High Growth (1961–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- Expansion (1991–1992) indicating steady moderate growth
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2009) indicating temporary slowdown
The most remarkable growth occurred in 1986 with an increase of 43.35%, while the largest decline was in 1997 at -13.324%.