Switzerland's GNI (annual % growth) was -0.47% in 2023, the latest year in the World Bank's World Development Indicators. That is down 1.87 percentage points from 1.4% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -0.47% | 2023 |
| Five years earlier | 0.84% | 2018 |
| Ten years earlier | 1.4% | 2013 |
| Highest | 8.09% | 2010 |
| Lowest | -4.94% | 2008 |
| Average since 2014 | 1.18% | 2014–2023 |
| First recorded | 0.59% | 1996 |
What the numbers say
In 2023, Switzerland's GNI (annual % growth) fell 6.12 percentage points on 2022 (from 5.65% to -0.47%).
Across the 26 yearly changes before that (1997 to 2022), the average change was +0.19 percentage points and a typical year strayed about 4.81 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 11.72 percentage points in 2009 and the biggest yearly fall was 10.61 percentage points in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Switzerland | -0.47% | 2023 |
| World | 2.51% | 2024 |
| Europe & Central Asia | 1.88% | 2024 |
| High income | 2.14% | 2024 |
Closest to Switzerland in the 2023 ranking
- United Arab Emirates — 1st of 3: 7.9%
- Togo — 2nd of 3: 5.96%
What this measures
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 28 values
| Year | GNI (annual % growth) |
|---|---|
| 2023 | -0.4685 |
| 2022 | 5.65 |
| 2021 | 7.41 |
| 2020 | -4.28 |
| 2019 | 1.16 |
| 2018 | 0.8439 |
| 2017 | -0.3637 |
| 2016 | -0.9808 |
| 2015 | 2.85 |
| 2014 | -0.0171 |
| 2013 |
GNI (annual % growth) in nearby economies
More economic policy & debt data for Switzerland
- Total reserves, including gold (current US$) — US$1.08 trillion (2025)
- Total reserves, excluding gold (current US$) — US$929.64 billion (2025)
- GDP (current US$) — US$1.04 trillion (2025)
- GDP (current LCU) — 867.55 billion (2025)
- GDP (constant 2015 US$) — US$848.58 billion (2025)
- GDP (constant LCU) — 808.09 billion (2025)
- GDP per capita (current US$) — US$114,769 (2025)
- GDP per capita (current LCU) — 95,414 (2025)
- GDP per capita (constant 2015 US$) — US$93,328 (2025)
- GDP per capita (constant LCU) — 88,875 (2025)
Reading data like this
Questions people ask
- What is Switzerland's GNI (annual % growth)?
- -0.47% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is down 1.06 percentage points from 0.59% in 1996. The highest value was 8.09% in 2010 and the lowest -4.94% in 2008.
- Is the latest change in GNI (annual % growth) unusual for Switzerland?
- In 2023, Switzerland's GNI (annual % growth) fell 6.12 percentage points on 2022 (from 5.65% to -0.47%). Across the 26 yearly changes before that (1997 to 2022), the average change was +0.19 percentage points and a typical year strayed about 4.81 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.GNP.MKTP.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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