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, Industrial Machinery, and Clocks & Watches

Top Industries Source: CIA World Factbook

Machinery; Chemicals; Watches; Textiles

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $434 billion (2013)
GDP Growth Rate (annual %) 1.958% (2013)
GDP Per Capita, PPP (current international $) $53,705 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 37/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.241% (2013)
External debt stocks, total (DOD, current US$) $605 million (2011)
Total tax rate (% of commercial profits) 29.1% (2013)
Real Interest Rate (5 year average %) 2.728% (2013)
Manufacturing, value added (% of GDP) 18.997% (2012)
Current Account Balance (BoP, current US$) $53,913,739,905 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,640,316 (2012)
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 4.2% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $264,242 million (2012)
Exports of goods and services (current US$) $330,099 million (2012)
Total Merchandise Trade (% of GDP) 67.086% (2012)
FDI, net inflows (BoP, current US$) $-8,179 million (2013)
Commercial Service Exports (current US$) $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