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Business in Switzerland: Economic situation
Get to know more about economy and the import and export operations of the Swiss enterprises...
General economic situation

   
Short overview: 1)

Switzerland is a prosperous, and stable modern market economy with low unemployment, a highly skilled labor force. A per capita GDP is even larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safehaven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003, with a small rise to 1.8% in 2004-05.


Current economic announcements of the Schweizerischen Verband Creditreform
(in German):


GROSS DOMESTIC PRODUCT (GDP)

   

GDP (purchasing power parity): 1)

$241.8 billion (2005 est.)

GDP – real growth rate: 1)

1.8% (2005 est.)

GDP per capita: 1)

32.300 $ (2005 est.)

 
  • GDP - composition by sector (2003 est.): 1)
    - agriculture: 1.5%
    - industry: 34%
    - services: 64.5%
   
Inflation rate (consumer prices): 1) 1.2% (2005 est.)
Unemployment rate: 1) 3.8% (2005 est.)
   
  • Agricultural production: 1)
    grains, fruits, vegetables, meat, eggs
  • Industries: 1)
    machinery, chemicals, watches, textiles, precision instruments
Import to Switzerland
 
Import volume: 1) $135 billion f.o.b. (2005 est.)
Import commodities: 1)
  • machinery
  • chemicals
  • vehicles
  • metals
  • agricultural products
  • textiles

Origin of imports (2004): 1)

Importe in die Schweiz 2003

Export from Switzerland
 
Export volume: 1) $148.6 billion f.o.b. (2005 est.)
Export commodities: 1)
  • machinery
  • chemicals
  • metals
  • watches
  • agricultural products

Destinations of exports (2004): 1)

Exporte aus der Schweiz 2003


Sources of information:
1) CIA Worldfactbook - updated on 11 July, 2006


(c) Copyright 2005, Verband der Vereine Creditreform e.V. / Creditreform International e.V.
kindly supported by the Schweizerischen Verband Creditreform


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How to contact us:

Schweizerischer Verband Creditreform

Teufener Str. 36
CH- 9000 St. Gallen

Phone:+41 71 2 21 11 80
Fax:+41 71 2 21 11 85

info@creditreform.ch

http://www.creditreform.ch

 

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