Switzerland: Economy
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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 |
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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 |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): Germany, United States, and United Kingdom |
| Top Industries Source: CIA World Factbook | Machinery; Chemicals; Watches; Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $550,346,348,997 (2017) |
| GDP Growth Rate (annual %) | 1.087% (2017) |
| GDP Per Capita, PPP (current international) | $65,007 (2017) |
GDP Country Rank 36/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -0.435% (2016) |
| External debt stocks, total (DOD, current US$) | $604,546,000 (2011) |
| Total tax rate (% of commercial profits) | 28.8% (2017) |
| Real Interest Rate (5 year average %) | 3.231% (2016) |
| Manufacturing, value added (% of GDP) | 18.145% (2017) |
| Current Account Balance (BoP, current US$) | $66,557,956,960 (2017) |
Labor and Employment [1]
| Labor Force, Total | 4,930,840 (2017) |
| Employment in Agriculture (% of total employment) | 3.509% (2017) |
| Employment in Industry (% of total employment) | 20.736% (2017) |
| Employment in Services (% of total employment) | 75.756% (2017) |
| Unemployment Rate | 4.787% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $366,106,787,336 (2017) |
| Exports of goods and services (current US$) | $441,118,822,677 (2017) |
| Total Merchandise Trade (% of GDP) | 83.732% (2017) |
| FDI, net inflows (BoP, current US$) | $37,863,913,626 (2017) |
| Commercial Service Exports (current US$) | $118,999,118,473 (2017) |
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.