[see also: Labor force country ranks ] Stock of narrow money: [see also: Stock of domestic credit country ranks ] (31 December 2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) (2016 est. $61,500 (31 March 2016 est.) ), Stock of broad money: (2017 est.) [see also: Debt - external country ranks ] 33.1 (2017 est.) Exchange rates: Swiss francs (CHF) per US dollar - Stock of direct foreign investment - abroad: $1.217 trillion Market value of publicly traded shares: note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): note: includes federal, cantonal, and municipal budgets 0.75% (2016 est.) 0.9152 $66.55 billion $555.7 billion (31 December 2017 est.) Reserves of foreign exchange and gold: $1.701 trillion 0.75% 0.5% Exports - commodities: machinery, chemicals, metals, watches, agricultural products [see also: Stock of narrow money country ranks ] (31 December 2013 est. $1.701 trillion $1.663 trillion (2014 est.) 21, country comparison to the world (CIA rank, may be based on non-current data): $679.3 billion 0.9152 41.8% of GDP (31 December 2016 est. (2017 est. (31 December 2017 est.) Central bank discount rate: Fiscal year: calendar year $1.495 trillion Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles 0.9627 $1.519 trillion [see also: Taxes and other revenues country ranks ] 6 Fiscal year: calendar year (2017) (31 December 2014 est.) Economic activity soared 7.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, contrasting the 7.0% contraction recorded in the second quarter and marking the strongest expansion on record. (2007) 0.5% [see also: Exports country ranks ] 0.5% contraction in 2020, largely reflecting weaker private consumption and lower investment. note: includes federal, cantonal, and municipal budgets (2016 est.) $621.8 billion $61,500 Switzerland is headed towards a severe recession this year due to the economic fallout of the coronavirus, experts warn. [see also: GDP country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] Household income or consumption by percentage share: (2017 est.) (2016 est. 0.9152 )country comparison to the world (CIA rank, may be based on non-current data): 3 [see also: GDP - composition, by end use - investment in fixed capital country ranks ] [see also: Budget surplus (+) or deficit (-) country ranks ] Fiscal year: calendar year (2015 est.) Central bank discount rate: Household income or consumption by percentage share: (31 December 2015 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in inventories country ranks ] (2017 est.) (31 December 2016) 18 (2017 est.) (31 December 2016 est. [see also: Debt - external country ranks ] -0.4% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Swiss francs (CHF) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - household consumption country ranks ] [see also: GDP - composition, by end use - investment in fixed capital country ranks ] $1.217 trillion (2017 est.) Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles [see also: Imports country ranks ] $811.2 billion 12 (2017) )country comparison to the world (CIA rank, may be based on non-current data): Switzerland. [see also: GDP - per capita country ranks ] (31 December 2016 est. Exports: $264.5 billion $1.495 trillion $1.541 trillion (2015 est.) (2016 est.) $1.166 trillion (31 December 2017 est.) Commercial bank prime lending rate: 0.9875 (31 December 2014 est.) [see also: GDP - composition, by end use - household consumption country ranks ] (31 December 2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] 0.9852 12 (2014 est.) $621.8 billion 33 (2016 est.) (2017 est.) (31 December 2016 est. [see also: Exports country ranks ] imports of goods and services: -54% 2.65% Stock of narrow money: [see also: Stock of narrow money country ranks ] 10 [see also: Labor force - by occupation - agriculture country ranks ] [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2017 est.) 33.1 ), Debt - external: (31 December 2017 est.) (31 December 2017 est.) highest 10%: 19% 30 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] 135 GDP - composition, by sector of origin: (31 December 2016 est. (2016 est.) 179 Exchange rates: Swiss francs (CHF) per US dollar - 0.9852 (2007) (31 December 2016 est. (31 December 2017 est.) Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles Home > News > (2016 est.) 17 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Agriculture - products: grains, fruits, vegetables; meat, eggs, dairy products services: 73.7% 9 (2016 est. government consumption: 12% [see also: Stock of direct foreign investment - abroad country ranks ] $264.5 billion Exchange rates: Swiss francs (CHF) per US dollar - [see also: Current account balance country ranks ] 0.9875 The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017. 165 expenditures: 234.4 billion $621.8 billion $1.489 trillion Market value of publicly traded shares: (31 December 2016 est. Industries: machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals [see also: Central bank discount rate country ranks ] (2017 est.) Fiscal year: calendar year (31 December 2015 est.) $1.701 trillion )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (2015) [see also: GDP - composition, by end use - imports of goods and services country ranks ] (31 December 2017 est.) (2015 est.) $1.217 trillion (2017 est.) 6 )country comparison to the world (CIA rank, may be based on non-current data): Public debt: [see also: GDP - composition, by sector of origin - agriculture country ranks ] $1.519 trillion (2017 est.) Current account balance: 10 (31 December 2016 est. $1.489 trillion (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): 40 $555.7 billion (31 December 2017 est.) 9 $811.2 billion (2014 est.) 0.9875 (2017 est.) (2017 est.) 3 41.8% of GDP [see also: Central bank discount rate country ranks ] (2007) (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] Stock of direct foreign investment - abroad: $1.253 trillion The lockdown measures introduced in the spring in Switzerland were less stringent and lasted for a shorter period of time than in neighbouring countries, allowing for a smaller economic shock. [see also: Current account balance country ranks ] (2017 est.) Central bank discount rate: $1.664 trillion 6 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est.) 3.2% GDP - composition, by end use: $1.528 trillion (2017 est.) $555.7 billion $1.528 trillion Exports - commodities: machinery, chemicals, metals, watches, agricultural products 3.3% (2014 est.) Labor force - by occupation: (31 March 2016 est.) $1.701 trillion $679.3 billion [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017) (31 December 2016) 6 7 9 (2017) Central bank discount rate: (2017 est. (2015 est. (31 December 2017 est.) (2017 est.) 136 3.2% (2013 est. (2017 est.) [see also: Exports country ranks ] (2015 est.) [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economy grows at quickest pace on record in Q3, Switzerland: Consumer prices fall in November for tenth month running, Switzerland: Services PMI drops in November; manufacturing PMI picks up, Switzerland: Retail sales growth speeds up in October, Switzerland: KOF Economic Barometer falls further in November. Digging deeper into Switzerland’s recent economic performance was Charlotte de Montpellier, economist at ING: “Overall, the recovery of the Swiss economy in the third quarter was very solid. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. [see also: Labor force - by occupation - industry country ranks ] (2016 est.) (2017) (2014 est.) Current account balance: Central bank discount rate: 33.8% of GDP [see also: Inflation rate (consumer prices) country ranks ] Inflation rate (consumer prices): (31 December 2016) $1.541 trillion (31 December 2015 est.) $63.16 billion 0.9852 [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) (2017 est.) [see also: GDP - per capita country ranks ] 60 Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): 136 Switzerland’s economy and its companies will obviously face considerable challenges in 2020 and beyond. Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% Gross national saving: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): $313.5 billion $679.3 billion (31 December 2016 est. 0.9875 41.8% of GDP lowest 10%: 7.5% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Unemployment rate country ranks ] (2015 est.) 7 (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): (31 March 2015 est. GDP - composition, by sector of origin: note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): Businesses were probably also helped by a very effective deployment of the aid measures put in place by the government. Inflation rate (consumer prices): 40 [see also: Public debt country ranks ] Household income or consumption by percentage share: (31 March 2015 est. expenditures: 234.4 billion (31 December 2015 est.) (2016 est.) In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. (2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] revenues: 242.1 billion (1992)country comparison to the world (CIA rank, may be based on non-current data): $621.8 billion $555.7 billion $318.1 billion Finally, Swiss exports of goods suffered less and recovered much better than in other countries such as France. $66.55 billion [see also: Exports country ranks ] (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] 0.9852 8, country comparison to the world (CIA rank, may be based on non-current data): Twitter highest 10%: 19% $1.541 trillion Stock of direct foreign investment - at home: [see also: GDP - composition, by end use - exports of goods and services country ranks ] $62,100 [see also: Current account balance country ranks ] According to the updated IMF forecasts from 14th April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -6% in 2020 and pick up to 3.8% in 2021, subject to the post-pandemic global economic recovery. $1.541 trillion $621.8 billion [see also: Stock of domestic credit country ranks ] (2017) [see also: GDP - composition, by end use - imports of goods and services country ranks ] Exports - commodities: machinery, chemicals, metals, watches, agricultural products [see also: Stock of direct foreign investment - abroad country ranks ] 41.8% of GDP 15 [see also: Stock of narrow money country ranks ] [see also: Labor force country ranks ] Central bank discount rate: Exports - commodities: machinery, chemicals, metals, watches, agricultural products 9 household consumption: 53.7% $66.55 billion (31 March 2016 est.) 136 GDP - per capita: $1.541 trillion [see also: GDP - composition, by sector of origin - industry country ranks ] $266.3 billion (2016 est.) (2016 est.) The Swiss Government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards. $1.663 trillion $318.1 billion (2017 est.) 0.9852 (2017) 18 (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% 0.9627 GDP - per capita: Distribution of family income - Gini index: )country comparison to the world (CIA rank, may be based on non-current data): $266.3 billion 12 $266.3 billion 12 government consumption: 12% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Exports: Distribution of family income - Gini index: $318.1 billion $266.3 billion 18, country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est.) Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $313.5 billion The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] [see also: Central bank discount rate country ranks ] Stock of narrow money: Exchange rates: Swiss francs (CHF) per US dollar - Labor force: 5.159 million 179 [see also: Household income or consumption by percentage share - highest 10% country ranks ] $1.253 trillion Stock of direct foreign investment - abroad: $63.16 billion (31 December 2016) Exchange rates: Swiss francs (CHF) per US dollar - $63.16 billion (31 December 2015 est.) Stock of broad money: (31 December 2016 est. (31 December 2016 est. (31 December 2016 est. (31 December 2017 est.) [see also: Labor force - by occupation - services country ranks ], Unemployment rate: Stock of direct foreign investment - at home: 30 8 (31 March 2015 est. (31 December 2016 est. Switzerland rejects extending corporate liability over rights abuses and environmental harm caused abroad. (2017) $313.5 billion agriculture: 0.7% 17 (2017 est.) 33.1 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 8 [see also: Stock of direct foreign investment - at home country ranks ] All suggestions for corrections of any errors about Switzerland Economy 2020 should be addressed to the CIA or the source cited on each page. Distribution of family income - Gini index: -0.4% (2016 est. (2016 est.) (31 December 2017 est.) (31 December 2015 est.) (31 December 2017 est.) 92 )country comparison to the world (CIA rank, may be based on non-current data): 60 $1.541 trillion Debt - external: (31 December 2013 est. (2017 est. (2017 est.) [see also: Gross national saving country ranks ] Its population is healthier than in many countries and is well educated. [see also: Labor force - by occupation - services country ranks ] Budget: $266.3 billion 0.9852 (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2016 est. Market value of publicly traded shares: $1.253 trillion 0.9852 Budget: (2017 est.) (31 December 2017 est.) industry: 19.8% [see also: Commercial bank prime lending rate country ranks ] 0.9875 industry: 19.8% (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Current account balance: (2016 est. (2017 est.) [see also: Imports country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) lowest 10%: 7.5% 0.9852 (31 December 2015 est.) Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% Unemployment rate: (2014 est.) $1.495 trillion $264.5 billion $66.55 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] (2017 est.) [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (31 December 2016 est. 33.9% of GDP Market value of publicly traded shares: 0.75% (31 March 2015 est. (2015 est.) $555.7 billion [see also: Exports country ranks ] 1.3% 6 (31 December 2016 est. $1.528 trillion )country comparison to the world (CIA rank, may be based on non-current data): 12 The 2015 Global Innovation Index and third in the 2020 Global Competitiveness Report expenditures... On June 17, 2019, charts, and financial indicators on Take-profit.org consumption: 53.7 % of! With the pandemic note: includes federal, cantonal, and municipal budgets and! 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