Economy sees decline of GDP in 2009

Switzerland’s gross domestic product (GDP) took a significant fall in 2009, according to preliminary figures published on Thursday.

This content was published on August 26, 2010 - 11:40

The Federal Statistics Office reported it fell by 1.6 per cent at current prices.

In view of the slight rise in the general price level, GDP at the previous year's prices fell 1.9%, after an increase of 1.9% in 2008.

Household consumer spending grew by one per cent last year, which helped to curb the decline in GDP.

Gross national income (GNI) experienced exceptionally strong growth in 2009, rising 10.2 per cent. In 2008 it had fallen by 3.8 per cent.

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