Switzerland's net secondary income (net current transfers from abroad) (current US$) was −US$22.93 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 18.36% from −US$19.38 billion in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$22.93 billion | 2023 |
| Five years earlier | −US$19.59 billion | 2018 |
| Ten years earlier | −US$19.38 billion | 2013 |
| Highest | −US$16.55 billion | 2012 |
| Lowest | −US$25.64 billion | 2014 |
| Average since 2014 | −US$21.54 billion | 2014–2023 |
| First recorded | −US$16.55 billion |
What the numbers say
In 2023, Switzerland's net secondary income (net current transfers from abroad) (current US$) fell US$2.51 billion on 2022 (from −US$20.42 billion to −US$22.93 billion).
Across the 10 yearly changes before that (2013 to 2022), the average change was −US$387.84 million and a typical year strayed about US$3.04 billion from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$5 billion in 2015 and the biggest yearly fall was US$6.26 billion in 2014. 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 5% 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.
Closest to Switzerland in the 2023 ranking
- New Caledonia — 1st of 2: US$595.6 million
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 12 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2023 | -22,933,338,156 |
| 2022 | -20,423,654,411 |
| 2021 | -20,445,512,053 |
| 2020 | -22,732,723,480 |
| 2019 | -21,002,046,741 |
| 2018 | -19,590,852,351 |
| 2017 | -21,071,562,503 |
| 2016 | -20,978,557,541 |
| 2015 | -20,633,836,528 |
| 2014 | -25,636,311,905 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Albania — US$1.53 billion (2025)
- Armenia — US$347.93 million (2025)
- Austria — −US$3.4 billion (2024)
- Azerbaijan — US$742.14 million (2025)
- Belarus — US$1.08 billion (2025)
- Belgium — −US$10.98 billion (2024)
- Bosnia and Herzegovina — US$3.23 billion (2025)
- Bulgaria — US$1.49 billion (2025)
- Croatia
More economic policy & debt data for Switzerland
- Total reserves, including gold (current US$) — 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$93,328 (2025)
- GDP per capita (constant LCU) — 88,875 (2025)
Reading data like this
Questions people ask
- What is Switzerland's net secondary income (net current transfers from abroad) (current US$)?
- −US$22.93 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is down 38.61% from −US$16.55 billion in 2012. The highest value was −US$16.55 billion in 2012 and the lowest −US$25.64 billion in 2014.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Switzerland?
- In 2023, Switzerland's net secondary income (net current transfers from abroad) (current US$) fell US$2.51 billion on 2022 (from −US$20.42 billion to −US$22.93 billion). Across the 10 yearly changes before that (2013 to 2022), the average change was −US$387.84 million and a typical year strayed about US$3.04 billion from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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