Makrognosis

Switzerland M2 Money Stock

MonthlyNot seasonally adjustedCode CH.M2.M.NSA

Latest (y/y)4.0%September 2026
Previous (y/y)4.1%August 2026
Level1,125,328 CHF mnSeptember 2026

Switzerland M2 Money Stock was up 4.0% year on year in September 2026, compared with 4.1% in August 2026.

The level stood at 1,125,328 CHF mn.

That is the lowest reading since November 2024.

Among the 13 economies Makrognosis covers on this measure, it is the 3rd lowest.

Over the past ten years it has ranged from −13.4% (Nov 2023) to 16.6% (Aug 2025), averaging 2.1%.

Switzerland M2 Money Stock, annual % change, Jan 1997 – Sep 2026−20%0%20%40%200020052010201520202025Robomacro
Switzerland M2 Money Stock, annual % change, Jan 1997 – Sep 2026. Source: Swiss National Bank.
Switzerland M2 Money Stock, level (CHF mn)200k400k600k800k1.0M1.2M200020052010201520202025Robomacro
Switzerland M2 Money Stock, level (CHF mn).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 20261,125,328 CHF mn4.0
August 20261,124,963 CHF mn4.1
July 20261,117,959 CHF mn4.3
June 20261,116,864 CHF mn5.7
May 20261,118,693 CHF mn9.6
April 20261,117,008 CHF mn10.1
March 20261,114,135 CHF mn11.8
February 20261,106,700 CHF mn13.5
January 20261,104,303 CHF mn13.8
December 20251,101,477 CHF mn13.4
November 20251,101,579 CHF mn15.8
October 20251,090,721 CHF mn16.2
September 20251,082,514 CHF mn15.7
August 20251,080,776 CHF mn16.6
July 20251,072,319 CHF mn16.4
June 20251,056,844 CHF mn14.8
May 20251,020,278 CHF mn11.8
April 20251,014,956 CHF mn10.9
March 2025996,307 CHF mn9.1
February 2025974,914 CHF mn7.2
January 2025970,040 CHF mn5.9
December 2024971,323 CHF mn4.7
November 2024951,672 CHF mn1.8
October 2024938,918 CHF mn0.3

Last 24 observations. The full history (369 observations) is available through the API.

Get Switzerland M2 Money Stock in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/CH.M2.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/CH.M2.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 1996
Observations369
FrequencyMonthly
UnitsCHF mn
AdjustmentNot seasonally adjusted
10-year high16.6% (Aug 2025)
10-year low−13.4% (Nov 2023)
10-year average2.1%
Source agencySwiss National Bank
Makrognosis codeCH.M2.M.NSA

M2 Money Stock: how Switzerland compares

#EconomyPeriodLatest
1TurkeyNov 202629.4%
2ArgentinaNov 202625.0%
3PeruSep 202616.7%
4BrazilSep 202615.6%
5IsraelMay 20267.7%
6MexicoSep 20267.0%
7South AfricaSep 20267.0%
8United StatesSep 20265.7%
9South KoreaSep 20265.5%
10CanadaAug 20264.1%
11SwitzerlandSep 20264.0%
12ThailandSep 20262.1%
13JapanOct 20261.7%

M2 Money Stock by country: all 13 economies ranked →

Other Switzerland indicators

Switzerland GDP (Gross Domestic Product)Switzerland GDP Growth Rate (quarter on quarter)Switzerland Inflation Rate (CPI)Switzerland Core Inflation RateSwitzerland Unemployment RateSwitzerland Unemployment rate, ILO definition, total, not seasonally adjusted (FSO/BFS)Switzerland 10-Year Government Bond YieldSwitzerland Credit Rating & Sovereign Risk ScoreSwitzerland Industrial ProductionSwitzerland Manufacturing new orders, total indexSwitzerland Retail SalesSwitzerland Producer Price Inflation (PPI)Switzerland Current account balance, net (CHF mn)Switzerland Trade Balance: Goods & ServicesSwitzerland Merchandise exports, total, working-day & seasonally adjusted (CHF mn)Switzerland Merchandise imports, total, working-day & seasonally adjusted (CHF mn)

FAQ

What is the current m2 Money Stock in Switzerland?
The latest reading is 4.0% year on year for September 2026, published by Swiss National Bank.
Where does this data come from?
It is collected directly from Swiss National Bank and is available through the Makrognosis API under the code CH.M2.M.NSA.

Last updated 2026-10-23. Source: Swiss National Bank. Original title: “Switzerland monetary aggregate M2, level, CHF million (SNB)”.