Includes historical data for Switzerland’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A Tiny Economic Powerhouse
Nestled between Italy, France, Germany, Austria, and Liechtenstein, landlocked Switzerland is an economic powerhouse. Its federal structure ensures flexibility in shaping local investment policies and fostering competitiveness. Its skilled workforce, an efficient legal framework and world-class infrastructure promote vibrant entrepreneurship and productivity. With a multilingual and multicultural population of about 8.8 million, Switzerland owes much of its wealth to banking, insurance and tourism, as well as the export of luxury goods, pharmaceuticals, precision instruments, and medical technology. Ranking among the top 10 richest countries by GDP per capita, it also serves as the headquarters for numerous international groups and organizations.
Despite these strengths, Switzerland presents weaknesses. Its economy is closely intertwined with its Eurozone neighbors, who account for half of Swiss exports. The merger of Credit Suisse and UBS, employing 5% of the national workforce and and controlling over a third of the domestic banking market, carries considerable financial risks.
Macroeconomy & Sovereign Data
Type of Government | Federal republic (formally a confederation) |
---|---|
Capital | Bern |
Sovereign Ratings |
S&P: AAA Moody’s: Aaa Fitch: AAA |
Total Population | 8.9 million |
Median Age | 42.6 |
Adult Per Capita Income (PPP) | 83,862.30 |
Total GDP (2023) | 938.5 billion |
Switzerland GDP & Economic Overview
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Switzerland
Banking & Finance
Trade & Investment
Total Exports | USD 338.4 billion (2023) |
---|---|
Leading Exports |
Gold Packaged Medicines Medical Cultures/Vaccines Watches Jewelry |
Total Imports | USD 407.8 billion (2022) |
Leading Imports |
Gold Packaged Medicines Jewelry Cars Medical Cultures/Vaccines |
Source: | World Integrated Trade Solution |
Switzerland Leading Companies
UBS | Financials |
---|---|
Zurich Insurance Group | Insurance |
Swiss Life Holding | Insurance |
Nestlé | Consumer Staples, Food & Beverage |
Novartis | Pharmaceuticals |
Julius Baer Group | Financials, Wealth Management |
Glencore International | Metals & Mining |
Major Trade Partners — Import
Germany | 19% |
---|---|
United Kingdom | 11% |
United States | 8% |
Italy | 7% |
China | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
United States | 17% |
---|---|
Germany | 15% |
China | 9% |
India | 8% |
Italy | 5% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000