Switzerland: Economy

Economic Trivia

Switzerland is a modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Germany, United States, and Italy
Top 3 Exported Goods: Pharmaceuticals, Pharmaceuticals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Machinery; Chemicals; Watches; Textiles

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $457 billion (2013)
GDP Growth Rate (annual %) 1.916% (2013)
GDP Per Capita, PPP (current international $) $56,565 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 38/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.241% (2013)
External debt stocks, total (DOD, current US$) $605 million (2011)
Total tax rate (% of commercial profits) 29% (2014)
Real Interest Rate (5 year average %) 2.887% (2013)
Manufacturing, value added (% of GDP) 18.693% (2013)
Current Account Balance (BoP, current US$) $97,573,590,808 (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,697,282 (2013)
Employment in Agriculture (% of total employment) 3.5% (2012)
Employment in Industry (% of total employment) 20.3% (2012)
Employment in Services (% of total employment) 72.5% (2012)
Unemployment Rate 4.4% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $411,496 million (2013)
Exports of goods and services (current US$) $494,530 million (2013)
Total Merchandise Trade (% of GDP) 62.747% (2013)
FDI, net inflows (BoP, current US$) $-8,179 million (2013)
Commercial Service Exports (current US$) $68,540,959,415 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Switzerland’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary