Switzerland: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| 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 (2021): Germany, United States, and China |
| Top Industries Source: CIA World Factbook | Machinery; Chemicals; Watches; Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $733,136,783,938 (2022) |
| GDP Growth Rate (annual %) | 2.059% (2022) |
| GDP Per Capita, PPP (current international) | $83,598 (2022) |
GDP Country Rank 36/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.835% (2022) |
| External debt stocks, total (DOD, current US$) | $604,546,000 (2011) |
| Total tax rate (% of commercial profits) | 28.8% (2019) |
| Real Interest Rate (5 year average %) | -0.614% (2022) |
| Manufacturing, value added (% of GDP) | 17.82% (2022) |
| Current Account Balance (BoP, current US$) | $81,459,351,367 (2022) |
Labor and Employment [1]
| Labor Force, Total | 5,024,491 (2022) |
| Employment in Agriculture (% of total employment) | 2.186% (2021) |
| Employment in Industry (% of total employment) | 19.873% (2021) |
| Employment in Services (% of total employment) | 77.941% (2021) |
| Unemployment Rate | 4.202% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $506,407,170,891 (2022) |
| Exports of goods and services (current US$) | $605,575,244,873 (2022) |
| Total Merchandise Trade (% of GDP) | 93.871% (2022) |
| FDI, net inflows (BoP, current US$) | $27,707,325,846 (2022) |
| Commercial Service Exports (current US$) | $146,125,019,279 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.