FX.co ★ Swiss Current Account Surplus Largest in Over 2 Years

In the first quarter of 2025, Switzerland's current account surplus experienced a significant increase, reaching CHF 19.4 billion, up from CHF 9.4 billion in the corresponding period of the previous year. This represents the highest current account surplus since the third quarter of 2022. The surplus in the goods account expanded to CHF 37 billion from CHF 25.1 billion. The primary income deficit saw a slight improvement, decreasing to CHF 75.1 billion from CHF 76.3 billion. Conversely, the shortfall in the services account widened to CHF 77.1 billion, compared to CHF 59.7 billion the previous year, and the secondary income deficit grew to CHF 24.2 billion from CHF 21.6 billion.