Gross Domestic Product (YoY)

The Gross Domestic Product (GDP), released by the Swiss State Secretariat for Economic Affairs (SECO) on a quarterly basis, is a measure of the total value of all goods and services produced in Switzerland during a given period. The GDP is considered as the main measure of Swiss economic activity. The YoY reading compares economic activity in the reference quarter compared with the same quarter a year earlier. Generally, a high reading is seen as bullish for the Swiss Franc (CHF), while a low reading is seen as bearish.