Switzerland M2 Growth

1985 - 2025 | Monthly | % | Swiss National Bank

Key information about Switzerland M2 Growth

  • Switzerland Money Supply M2 increased 16.2 % YoY in Oct 2025, compared with a growth of 15.8 % in the previous month
  • Switzerland Money Supply M2 growth data is updated monthly, available from Dec 1985 to Oct 2025
  • The data reached an all-time high of 42.0 % in Sep 2009 and a record low of -13.4 % in Nov 2023




Further information about Switzerland M2 Growth

  • In the latest reports, Switzerland Foreign Exchange Reserves was measured at 902.1 USD bn in Oct 2025
  • The Foreign Exchange Reserves equaled 18.1 Months of Import in Oct 2025
  • Switzerland Domestic Credit reached 1,795.6 USD bn in Oct 2025, representing an increased of 2.5 % YoY
  • The country's Non Performing Loans Ratio stood at 0.8 % in Dec 2023, compared with the ratio of 0.7 % in the previous year
  • Household Debt of Switzerland reached 1,159.6 USD bn in Dec 2024, accounting for 123.1 % of the country's Nominal GDP

View Switzerland's M2 Growth from Dec 1985 to Oct 2025 in the chart:

Switzerland M2 Growth

What was Switzerland's M2 Growth in Oct 2025?

Switzerland Money Supply M2 increased 16.2 % YoY in Oct 2025, compared with a growth of 15.8 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.2 Oct 2025 15.8 Sep 2025 -13.4 Nov 2023 42.0 Sep 2009 % monthly Dec 1985 - Oct 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Jan 2026 monthly Dec 1994 - Jan 2026
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 36.9 Dec 2025 monthly Jan 1991 - Dec 2025
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.3 Jan 2026 monthly Mar 1966 - Jan 2026
Austria (%) 3.6 Jan 2026 monthly Sep 1998 - Jan 2026
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 5.9 Jan 2026 monthly Dec 1975 - Jan 2026
Bangladesh (%) 9.5 Jan 2026 monthly Jun 1987 - Jan 2026
Belarus (%) 25.1 Dec 2025 monthly Dec 1990 - Dec 2025
Belgium (%) 2.8 Jan 2026 monthly Dec 1997 - Jan 2026
Bolivia (%) 17.6 Dec 2025 monthly Dec 1988 - Dec 2025
Bosnia and Herzegovina (%) 9.7 Jan 2026 monthly Aug 1998 - Jan 2026
Botswana (%) 0.8 Nov 2025 monthly Jan 2002 - Nov 2025
Brazil (%) 11.8 Jan 2026 monthly Jan 1971 - Jan 2026
Bulgaria (%) 18.7 Jan 2026 monthly Dec 1996 - Jan 2026
Cambodia (%) 12.2 Jan 2026 monthly Jan 1996 - Jan 2026
Canada (%) 4.7 Dec 2025 monthly Jan 1969 - Dec 2025
Chile (%) 4.1 Feb 2026 monthly Jan 1987 - Feb 2026
China (%) 9.0 Jan 2026 monthly Mar 1997 - Jan 2026
Colombia (%) 12.5 Jan 2026 monthly Dec 1980 - Jan 2026
Croatia (%) 6.6 Dec 2025 monthly Jun 1995 - Dec 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 4.0 Jan 2026 monthly Jan 2003 - Jan 2026
Denmark (%) 2.7 Jan 2026 monthly Jan 1992 - Jan 2026
Ecuador (%) 13.9 Nov 2025 monthly Dec 2007 - Nov 2025
Egypt (%) 18.7 Jan 2026 monthly Jan 1997 - Jan 2026
Estonia (%) 3.5 Jan 2026 monthly Jan 2012 - Jan 2026
European Union (%) 4.0 Jan 2026 monthly Jan 1981 - Jan 2026
Finland (%) 4.8 Jan 2026 monthly Jan 1981 - Jan 2026
France (%) 1.0 Jan 2026 monthly Dec 1978 - Jan 2026
Georgia (%) 25.7 Jan 2026 monthly Oct 1996 - Jan 2026
Germany (%) 4.0 Jan 2026 monthly Jan 1970 - Jan 2026
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.5 Jan 2026 monthly Jan 2002 - Jan 2026
Hong Kong SAR, China (%) 9.9 Jan 2026 monthly Dec 1981 - Jan 2026
Hungary (%) 6.6 Jan 2026 monthly Jan 1999 - Jan 2026
Iceland (%) 4.6 Jan 2026 monthly Sep 1987 - Jan 2026
India (%) 17.2 Dec 2025 monthly Mar 1995 - Dec 2025
Indonesia (%) 10.0 Jan 2026 monthly Feb 1969 - Jan 2026
Iran (%) 36.8 Sep 2025 monthly Dec 2000 - Sep 2025
Ireland (%) 5.4 Dec 2025 monthly Jan 2000 - Dec 2025
Israel (%) 6.0 Nov 2025 monthly Apr 1982 - Nov 2025
Italy (%) 3.7 Jan 2026 monthly Dec 1975 - Jan 2026
Ivory Coast (%) 22.8 Nov 2025 monthly Jan 2005 - Nov 2025
Japan (%) 1.7 Feb 2026 monthly Jan 1968 - Feb 2026
Jordan (%) 5.7 Jan 2026 monthly Jan 1991 - Jan 2026
Kazakhstan (%) 14.3 Jan 2026 monthly Dec 1994 - Jan 2026
Kenya (%) 10.7 Nov 2025 monthly Dec 1996 - Nov 2025
South Korea (%) 5.4 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.6 Jan 2026 monthly Jan 1995 - Jan 2026
Kyrgyzstan (%) 54.0 Dec 2025 monthly Jan 1995 - Dec 2025
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 7.8 Jan 2026 monthly Jan 2015 - Jan 2026
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 8.4 Jan 2026 monthly Dec 1994 - Jan 2026
Luxembourg (%) 5.6 Jan 2026 monthly Jan 2000 - Jan 2026
Macau SAR, China (%) 9.3 Jan 2026 monthly Jun 1985 - Jan 2026
North Macedonia (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 3.7 Jan 2026 monthly Dec 1970 - Jan 2026
Malta (%) 4.7 Jan 2026 monthly Jan 2009 - Jan 2026
Mauritius (%) 8.5 Dec 2025 monthly Jul 1977 - Dec 2025
Mexico (%) 7.2 Jan 2026 monthly Dec 1986 - Jan 2026
Moldova (%) 14.6 Dec 2025 monthly Jan 2001 - Dec 2025
Mongolia (%) 13.9 Jan 2026 monthly Dec 1997 - Jan 2026
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.6 Jan 2026 monthly Jan 1986 - Jan 2026
Mozambique (%) 11.9 Oct 2025 monthly Dec 2002 - Oct 2025
Myanmar (%) 25.0 Jun 2025 quarterly Dec 2002 - Jun 2025
Nepal (%) 14.2 Jan 2026 monthly Jan 2002 - Jan 2026
Netherlands (%) 3.5 Dec 2025 monthly Dec 1957 - Dec 2025
New Zealand (%) 3.5 Jan 2026 monthly Mar 1989 - Jan 2026
Nigeria (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Norway (%) 6.5 Jan 2026 monthly Dec 1993 - Jan 2026
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 17.1 Jan 2026 monthly Jan 1989 - Jan 2026
Palestinian Territory (%) 15.1 Jan 2026 monthly Jul 2003 - Jan 2026
Panama (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Paraguay (%) 12.6 Jan 2026 monthly Dec 1989 - Jan 2026
Peru (%) 8.8 Jan 2026 monthly Jan 1993 - Jan 2026
Philippines (%) 8.8 Jan 2026 monthly Dec 1989 - Jan 2026
Poland (%) 9.8 Jan 2026 monthly Dec 1997 - Jan 2026
Portugal (%) 5.4 Jan 2026 monthly Dec 1980 - Jan 2026
Qatar (%) 3.5 Dec 2025 monthly Jan 1983 - Dec 2025
Romania (%) 6.9 Jan 2026 monthly Dec 2002 - Jan 2026
Russia (%) 9.7 Jan 2026 monthly Dec 1992 - Jan 2026
Saudi Arabia (%) 7.9 Jan 2026 monthly Jan 1994 - Jan 2026
Serbia (%) 7.2 Jan 2026 monthly Aug 2002 - Jan 2026
Singapore (%) 5.7 Jan 2026 monthly Mar 2005 - Jan 2026
Slovakia (%) 5.6 Jan 2026 monthly Dec 2001 - Jan 2026
Slovenia (%) 6.9 Jan 2026 monthly Jan 2008 - Jan 2026
South Africa (%) 6.9 Jan 2026 monthly Mar 1966 - Jan 2026
Spain (%) 5.2 Jan 2026 monthly Jan 1963 - Jan 2026
Sri Lanka (%) 11.6 Jan 2026 monthly Jan 1995 - Jan 2026
Sudan (%) 74.7 Dec 2025 monthly Dec 2004 - Dec 2025
Sweden (%) 4.7 Jan 2026 monthly Jan 1999 - Jan 2026
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Switzerland Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.5 2025 yearly 1990 - 2025
Consolidated Fiscal Balance (USD mn) 4,838.441 2025 yearly 1990 - 2025
Tax Revenue (USD mn) 244,550.975 2023 yearly 1990 - 2023
Tax Revenue: % of GDP (%) 26.3 2023 yearly 1990 - 2023
National Government Debt (USD mn) 231,894.5 2024 yearly 1990 - 2024
Government Debt: % of GDP (%) 22.2 2029 yearly 1990 - 2029
Forecast: Government Expenditure (CHF bn) 298.944 2030 yearly 1983 - 2030
Forecast: Government Net Debt (CHF bn) 303.343 2030 yearly 1990 - 2030
Forecast: Government Revenue (CHF bn) 299.524 2030 yearly 1983 - 2030
General Government: Cons: Net Lending/Borrowing (CHF mn) 1,537.719 2029 yearly 1990 - 2029
General Government: Consolidated (Cons): Revenue (CHF mn) 296,410.545 2028 yearly 1990 - 2028
General Government: Cons: Expenditure (CHF mn) 292,542.492 2028 yearly 1990 - 2028
Gross Public Debt: General Government (CHF mn) 212,434.551 2028 yearly 1990 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.000 2030 yearly 1980 - 2030
Trade Balance (USD mn) 7,328.6 Jan 2026 monthly Jan 1957 - Jan 2026
Total Exports (USD mn) 51,332.4 Jan 2026 monthly Jan 1988 - Jan 2026
Total Exports Growth (%) -7.4 Jan 2026 monthly Jan 1989 - Jan 2026
Aluminum: Exports (USD th) 1,311,928.609 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 50,907,255.064 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 61,063,628.261 2024 yearly 1995 - 2024
Total Imports (USD mn) 44,003.8 Jan 2026 monthly Jan 1988 - Jan 2026
Total Imports Growth (%) -6.0 Jan 2026 monthly Jan 1989 - Jan 2026
Imports: Medicament (USD th) 48,007,778.429 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 20,192,753.322 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,159.165 Jan 2026 monthly Jan 1960 - Jan 2026
Total Imports from USA (USD mn) 5,910.998 Jan 2026 monthly Jan 1960 - Jan 2026
Total Exports to China (USD mn) 1,655.568 Jan 2026 monthly Jan 1995 - Jan 2026
Total Imports from China (USD mn) 1,990.149 Jan 2026 monthly Jan 1995 - Jan 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8,290.2 Sep 2025 quarterly Mar 1985 - Sep 2025
Current Account Balance (USD mn) 12,320.4 Jun 2025 quarterly Mar 1983 - Jun 2025
Current Account Balance: % of GDP (%) 7.1 Sep 2025 quarterly Mar 1983 - Sep 2025
Foreign Direct Investment (USD mn) 4,078.6 Sep 2025 quarterly Mar 1985 - Sep 2025
Foreign Direct Investment: % of GDP (%) -4.7 Jun 2025 quarterly Mar 1985 - Jun 2025
Foreign Portfolio Investment (USD mn) -271.549 Sep 2025 quarterly Mar 1985 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.1 Sep 2025 quarterly Mar 1985 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -3,178.9 Sep 2025 quarterly Mar 1985 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,907.391 Sep 2025 quarterly Mar 1985 - Sep 2025
External Debt (USD mn) 2,448,597.8 Sep 2025 quarterly Dec 1999 - Sep 2025
External Debt: % of GDP (%) 235.3 2024 yearly 1999 - 2024
External Debt: Short Term (USD mn) 1,238,829.2 Sep 2025 quarterly Dec 1999 - Sep 2025
External Debt: Short Term: % of GDP (%) 118.2 2024 yearly 1999 - 2024
Total Debt: % of GDP (%) 898.9 2024 yearly 1999 - 2024
Forecast: Current Account Balance (USD bn) 94.459 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 1,292,300.070 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: FA: Net Incurrence of Liabilities (IL) (CHF mn) 3,665.162 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: FA: Net Acquisition of Financial Assets (NA) (CHF mn) 8,339.784 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: CA: Credit: Goods and Services (GS) (CHF mn) 160,002.824 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: FA: IL: Direct Investment (CHF mn) 3,263.964 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: CA: Debit (CHF mn) 208,016.326 Sep 2025 quarterly Mar 1983 - Sep 2025
Balance of Payment (BoP): Current Account (CA): Net (CHF mn) 15,369.500 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Debit: GS: Services (CHF mn) 44,271.479 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: Capital Transfers: Debit (CHF mn) 63.216 Sep 2025 quarterly Mar 1995 - Sep 2025
BoP: Financial Account (FA): Net (CHF mn) 3,652.154 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: CA: Credit: GS: Goods (CHF mn) 118,515.517 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Credit: Secondary Income (CHF mn) 14,869.890 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: FA: NA: Direct Investment (CHF mn) 6,634.398 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: CA: Credit: Primary Income (CHF mn) 48,513.111 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Debit: Goods and Services (GS) (CHF mn) 140,201.027 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: FA: IL: Other Investment (CHF mn) 618.510 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: FA: NA: Other Investment (CHF mn) -5,934.763 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: CA: Credit (CHF mn) 223,385.825 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Debit: Primary Income (CHF mn) 51,783.711 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Debit: GS: Goods (CHF mn) 95,929.548 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: CA: Credit: GS: Services (CHF mn) 41,487.307 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: FA: NA: Portfolio Investment (CHF mn) 4,709.904 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: FA: IL: Portfolio Investment (CHF mn) -217.312 Sep 2025 quarterly Mar 1985 - Sep 2025
BoP: Capital Transfers: Credit (CHF mn) 35.910 Sep 2025 quarterly Mar 1998 - Sep 2025
BoP: CA: Debit: Secondary Income (CHF mn) 16,031.588 Sep 2025 quarterly Mar 1983 - Sep 2025
BoP: Capital Transfers: Net (CHF mn) -27.306 Sep 2025 quarterly Mar 1995 - Sep 2025
Gross External Debt (CHF mn) 1,950,553.036 Sep 2025 quarterly Dec 1999 - Sep 2025
Gross External Debt: Long Term (CHF mn) 963,701.690 Sep 2025 quarterly Dec 1999 - Sep 2025
Gross External Debt: Short Term (CHF mn) 986,851.346 Sep 2025 quarterly Dec 1999 - Sep 2025
IIP: Assets (CHF mn) 5,271,958.126 Sep 2025 quarterly Mar 1985 - Sep 2025
IIP: Liabilities (CHF mn) 4,242,511.891 Sep 2025 quarterly Mar 1985 - Sep 2025
International Investment Position (IIP): Net (CHF mn) 1,029,446.235 Sep 2025 quarterly Mar 1985 - Sep 2025
Direct Investment Abroad: Flow: Asia: ow China (CHF mn) 3,741.760 2024 yearly 1993 - 2024
Direct Investment Abroad: Flow: North America: Canada (CHF mn) 1,779.811 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Europe: EU: ow United Kingdom (CHF mn) 5,671.431 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Europe: EU: ow Austria (CHF mn) 920.646 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Europe: EU: ow Belgium (CHF mn) 2,381.279 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Manufacturing (CHF mn) 10,204.627 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow (CHF mn) -11,081.337 2024 yearly 1985 - 2024
Direct Investment Abroad: Flow: Services: Banks (CHF mn) 22,571.812 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Services: Finance and Holding Companies (FH) (CHF mn) -53,862.247 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Mfg: Electronics, Energy, Optical and Watch (CHF mn) 2,385.054 2024 yearly 1986 - 2024
Direct Investment Abroad: Flow: Services (CHF mn) -21,285.963 2024 yearly 1986 - 2024
Foreign Direct Investment: Flow (CHF mn) -83,400.999 2024 yearly 1985 - 2024
Foreign Direct Investment: Stock: Manufacturing (Mfg) (CHF mn) 162,001.536 2017 yearly 1985 - 2017
Foreign Direct Investment: Flow: Services: Trade (CHF mn) 1,806.961 2017 yearly 1986 - 2017
Number of Bankruptcies (Unit) 16,235.000 2023 yearly 1980 - 2023
No of Registered Companies: New (Unit) 43,037.000 2021 yearly 2013 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.8 2023 yearly 2005 - 2023
Household Debt: % of GDP (%) 123.1 2024 yearly 1999 - 2024
Money Supply M1 (USD mn) 925,106.516 Oct 2025 monthly Dec 1984 - Oct 2025
Money Supply M2 (USD mn) 1,429,718.547 Jan 2026 monthly Dec 1984 - Jan 2026
M2 Growth (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025
Foreign Exchange Reserves (USD mn) 926,074.9 Jan 2026 monthly Jun 1999 - Jan 2026
Foreign Exchange Reserves: % of GDP (%) 87.408 Dec 2025 quarterly Mar 2006 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 20.5 Jan 2026 monthly Jun 1999 - Jan 2026
Gold Reserves (USD mn) 168,317.767 Jan 2026 monthly Jun 1999 - Jan 2026
Total Deposits (USD mn) 2,439,636.767 Dec 2025 monthly Dec 1987 - Dec 2025
Total Deposits Growth (%) 0.3 Dec 2025 monthly Dec 1988 - Dec 2025
Domestic Credit (USD mn) 1,878,339.1 Jan 2026 monthly Dec 1987 - Jan 2026
Domestic Credit Growth (%) 2.3 Jan 2026 monthly Dec 1988 - Jan 2026
Debt Service Ratio: Private Non-Financial Sector (%) 19.700 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 1,314.900 Jun 2025 quarterly Dec 1999 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 2,722.083 Jun 2025 quarterly Sep 1953 - Jun 2025
Household Debt (USD mn) 1,159,621.7 2024 yearly 1999 - 2024
Total Loans (USD mn) 2,013,753.780 Dec 2025 monthly Jun 1985 - Dec 2025
Total Loans Growth (%) 1.94 Dec 2025 monthly Jun 1986 - Dec 2025
Private Debt: % of Nominal GDP (%) 160.61 Dec 2025 quarterly Dec 1996 - Dec 2025
Monetary Base (CHF mn) 508,495.000 Jan 2026 monthly Jan 1950 - Jan 2026
Monetary Base: Seasonally Adjusted (CHF mn) 507,727.000 Jan 2026 monthly Jan 1980 - Jan 2026
Money Supply: M3 (CHF mn) 1,212,594.000 Jan 2026 monthly Dec 1984 - Jan 2026
Official Reserve Assets: USD: Foreign Currency Reserves in Convertibles (FC) (USD mn) 926,050.117 Jan 2026 monthly Jun 1999 - Jan 2026
Official Reserve Assets: USD (USD mn) 1,109,482.514 Jan 2026 monthly Jun 1999 - Jan 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -4.0 Feb 2026 monthly Jan 1996 - Feb 2026
Purchasing Manager Index: Manufacturing (Mfg): Seasonally Adjusted (sa) (%) 47.400 Feb 2026 monthly Jan 1995 - Feb 2026

More Indicators for Switzerland

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