Balanced trade in services in Switzerland
Switzerland: Balanced trade in services was 68.76 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Switzerland, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Switzerland is 68.76 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 24.1% on the previous year and up 74.3% over ten years.
Over the whole period, balanced trade in services in Switzerland peaked at 68.76 US dollars, exchange rate converted in 2024 and was at its lowest, 19.84 US dollars, exchange rate converted, in 2006.
That places Switzerland 10th out of 174 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Switzerland, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 19.85 US dollars, exchange rate converted | — |
| 2006 | 19.84 US dollars, exchange rate converted | -0.0% |
| 2007 | 22.38 US dollars, exchange rate converted | +12.8% |
| 2008 | 25.38 US dollars, exchange rate converted | +13.4% |
| 2009 | 25.05 US dollars, exchange rate converted | -1.3% |
| 2010 | 25.83 US dollars, exchange rate converted | +3.1% |
| 2011 | 29.93 US dollars, exchange rate converted | +15.9% |
| 2012 | 35.09 US dollars, exchange rate converted | +17.2% |
| 2013 | 36.26 US dollars, exchange rate converted | +3.3% |
| 2014 | 39.44 US dollars, exchange rate converted | +8.8% |
| 2015 | 39.12 US dollars, exchange rate converted | -0.8% |
| 2016 | 37.4 US dollars, exchange rate converted | -4.4% |
| 2017 | 38.04 US dollars, exchange rate converted | +1.7% |
| 2018 | 40.32 US dollars, exchange rate converted | +6.0% |
| 2019 | 39.81 US dollars, exchange rate converted | -1.3% |
| 2020 | 28.89 US dollars, exchange rate converted | -27.4% |
| 2021 | 37.81 US dollars, exchange rate converted | +30.9% |
| 2022 | 42.51 US dollars, exchange rate converted | +12.4% |
| 2023 | 55.42 US dollars, exchange rate converted | +30.4% |
| 2024 | 68.76 US dollars, exchange rate converted | +24.1% |
Switzerland compared with similar countries
- Switzerland's 68.76 US dollars, exchange rate converted is above the median for high income countries, which is 7.08 US dollars, exchange rate converted, 9.7× the median. (56 countries reporting)
- Switzerland's 68.76 US dollars, exchange rate converted is above the median for Europe & Central Asia, which is 3.39 US dollars, exchange rate converted, 20.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.5 US dollars, exchange rate converted | 19.84 US dollars, exchange rate converted | 25.38 US dollars, exchange rate converted | 5 |
| 2010s | 36.12 US dollars, exchange rate converted | 25.83 US dollars, exchange rate converted | 40.32 US dollars, exchange rate converted | 10 |
| 2020s | 46.68 US dollars, exchange rate converted | 28.89 US dollars, exchange rate converted | 68.76 US dollars, exchange rate converted | 5 |
Countries ranked near Switzerland
- 7 Equatorial Guinea 0.7637 US dollars, exchange rate converted compare
- 7 Latvia 1.98 US dollars, exchange rate converted compare
- 7 Japan 89.29 US dollars, exchange rate converted compare
- 8 Moldova 0.6755 US dollars, exchange rate converted compare
- 8 Brazil 83.18 US dollars, exchange rate converted compare
- 8 Lithuania 1.25 US dollars, exchange rate converted compare
- 9 Madagascar 0.6325 US dollars, exchange rate converted compare
- 9 Slovenia 0.9632 US dollars, exchange rate converted compare
- 9 Australia 73.5 US dollars, exchange rate converted compare
- 10 Fiji 0.5978 US dollars, exchange rate converted compare
- 10 Estonia 0.8532 US dollars, exchange rate converted compare
- 11 Syrian Arab Republic 0.4739 US dollars, exchange rate converted compare
- 11 Hong Kong 66.5 US dollars, exchange rate converted compare
- 11 Eswatini 0.5824 US dollars, exchange rate converted compare
- 12 Timor-Leste 0.1818 US dollars, exchange rate converted compare
- 12 Anguilla 0.3363 US dollars, exchange rate converted compare
- 12 Ireland 42.41 US dollars, exchange rate converted compare
- 13 Lesotho 0.2357 US dollars, exchange rate converted compare
- 13 Germany 42.21 US dollars, exchange rate converted compare
More economy & growth data for Switzerland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6894 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.2 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,418 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5961 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,035 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.31 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0056 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Switzerland?
- Balanced trade in services in Switzerland was 68.76 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Switzerland?
- The highest recorded value was 68.76 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Switzerland?
- The lowest recorded value was 19.84 US dollars, exchange rate converted in 2006.
- How does Switzerland rank for balanced trade in services?
- Switzerland ranks 10th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Switzerland?
- Over the last ten years it is up 74.3%. The long-run trend across the full record is rising.
- Where does this Switzerland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html