Swiss economic growth accelerated in the fourth quarter compared with the previous three months, driven by both industry and the services sector.

Adjusted for sporting events, gross domestic product (GDP) expanded by 0.4% from the third quarter, the figures published by the Swiss government showed. GDP had increased by 0.2% during the July-September period.

For the whole of 2024, growth slowed to 0.8% from 1.2% the previous year, the economy ministry estimate showed.

The figure was below recent growth in Switzerland, which since 1981 has averaged 1.8% annually, the ministry said.