(31 December 2017 est.) household consumption: 53.7% Debt - external: Finally, Swiss exports of goods suffered less and recovered much better than in other countries such as France. Exchange rates: Swiss francs (CHF) per US dollar - 15 10 0.9852 $61,800 (2014 est.) 0.9852 15 (31 December 2017 est.) (2014 est.) The statistic shows the unemployment rate in Switzerland from 1999 to 2020. note: general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock optionscountry comparison to the world (CIA rank, may be based on non-current data): 17 ), Stock of direct foreign investment - abroad: $1.495 trillion Imports: $1.217 trillion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 41.8% of GDP highest 10%: 19% [see also: GDP - per capita country ranks ] 2.65% GDP - composition, by end use: 0.9852 The Swiss have brought their economic practices largely into conformity with the EU's to gain access to the Union’s Single Market and enhance the country’s international competitiveness. (2016 est.) Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% 12 ), Market value of publicly traded shares: [see also: Labor force - by occupation - services country ranks ] (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 40 highest 10%: 19% (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $1.489 trillion (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 136 Reserves of foreign exchange and gold: 135 [see also: Stock of broad money country ranks ] [see also: Commercial bank prime lending rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 119 (31 December 2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Current account balance: Client Log In, Facebook (31 December 2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] 0.9852 (31 December 2016 est. (2017 est.) (2017 est.) 0.9852 (31 December 2017 est.) (2015 est.) 10 Reserves of foreign exchange and gold: (31 December 2016 est. (31 March 2016 est.) $1.663 trillion 2.6% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 0.7% 0.9152 Exchange rates: Swiss francs (CHF) per US dollar - Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles (2016 est.) (31 December 2014 est.) agriculture: 0.7% Home > News > )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. Fiscal year: calendar year (2014 est.) Switzerland economic growth for 2018 was $592.26B, a 0.65% increase from 2018. (31 December 2017 est.) 165 $266.3 billion lowest 10%: 7.5% (31 December 2016 est. (31 December 2016 est. 7 (2017 est.) (2017) (2017) (2015 est. 0.5% 3.3% (2016 est. [see also: Population below poverty line country ranks ] 10 18 (31 December 2017 est.) (31 December 2016 est. Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: (2017) (2017 est.) (2017 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] $318.1 billion )country comparison to the world (CIA rank, may be based on non-current data): 136 (31 December 2017 est.) $621.8 billion (2013 est. Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% (31 December 2016 est. $1.664 trillion )country comparison to the world (CIA rank, may be based on non-current data): 10 165, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est.) imports of goods and services: -54% [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): Fiscal year: calendar year (2017 est.) (31 December 2016 est. (2017 est.) (2015 est.) (31 December 2013 est. Stock of direct foreign investment - at home: 8, country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of direct foreign investment - at home: (31 December 2013 est. 7 (2017 est.) $1.217 trillion (31 December 2016 est. $1.489 trillion Exports: 179 -0.4% [see also: Labor force - by occupation - services country ranks ] Stock of direct foreign investment - at home: (2017) Exports - commodities: machinery, chemicals, metals, watches, agricultural products Central bank discount rate: Exchange rates: Swiss francs (CHF) per US dollar - 10 (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: 9 9 (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): $621.8 billion [see also: Gross national saving country ranks ] 92 (2016 est. $1.217 trillion [see also: Current account balance country ranks ] Exports: (31 December 2013 est. [see also: Current account balance country ranks ] Stock of direct foreign investment - abroad: $264.5 billion Exports - commodities: machinery, chemicals, metals, watches, agricultural products 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. Reserves of foreign exchange and gold: 6 Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% Exchange rates: Swiss francs (CHF) per US dollar - [see also: GDP - real growth rate country ranks ] Exchange rates: Swiss francs (CHF) per US dollar - 0.9852 $1.528 trillion )country comparison to the world (CIA rank, may be based on non-current data): (31 March 2015 est. $555.7 billion 30 0.9152 Imports: [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 8 Budget: 33, country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 8 0.9875 Household income or consumption by percentage share: Exchange rates: Swiss francs (CHF) per US dollar - industry: 25.6% -0.4% (2007) (2016 est. [see also: GDP - composition, by sector of origin - industry country ranks ] 3.2% (31 December 2017 est.) $318.1 billion $63.16 billion $1.495 trillion 3.2% (31 December 2014 est.) Imports: 12 (2016 est. GDP - composition, by end use: $264.5 billion [see also: GDP - composition, by sector of origin - industry country ranks ] Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% Exchange rates: Swiss francs (CHF) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): 0.9627 Budget: 41.8% of GDP 17 (2017 est.) (2016 est.) 0.75% 3 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] 10 [see also: Market value of publicly traded shares country ranks ] (2017 est.) services: 73.7% Stock of direct foreign investment - abroad: 3 $1.663 trillion $1.489 trillion Fiscal year: calendar year (31 December 2016) Imports: [see also: Distribution of family income - Gini index country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] GDP - composition, by sector of origin: $66.55 billion (2017 est.) $1.664 trillion (2017 est.) (31 December 2016 est. (2016 est. 136 $679.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 0.75% 10 [see also: Market value of publicly traded shares country ranks ] Exports of goods and services bounced back, growing 2.9% in Q3 (Q2: -4.7% s.a. qoq). (2014 est.) Taxes and other revenues: 35.7% (of GDP) 0.9152 2.65% $1.528 trillion (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) ), Labor force: 5.159 million $621.8 billion (2017) Exchange rates: Swiss francs (CHF) per US dollar - [see also: Stock of direct foreign investment - abroad country ranks ] $1.701 trillion $1.519 trillion note: includes federal, cantonal, and municipal budgets $1.541 trillion (2017 est.) $1.701 trillion $1.528 trillion 0.9852 0.9152 )country comparison to the world (CIA rank, may be based on non-current data): 10 2) The rank that you see is the CIA reported rank, which may have the following issues: Page last updated on January 27, 2020. (31 December 2015 est.) (2014 est.) First, the alignment of financial flows with global environmental goals triggers transformational change in the real economy, thereby creating new economic opportunities, while at the same time honouring Switzerland’s international commitments. (31 December 2017 est.) $1.664 trillion Exchange rates: Swiss francs (CHF) per US dollar - 0.9627 0.9875 (31 December 2016 est. Commercial bank prime lending rate: (2016 est. (2013 est.). (31 December 2016) This page has economic forecasts for Switzerland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Switzerland economy. )country comparison to the world (CIA rank, may be based on non-current data): 8 Exports: [see also: Stock of direct foreign investment - abroad country ranks ] 0.9152 3.3% (31 December 2016 est. 0.5% $1.664 trillion Davos in the tropics: World Economic Forum opts for Singapore. 0.9875 $1.528 trillion agriculture: 0.7% (31 December 2016 est. (31 December 2017 est.) 17, country comparison to the world (CIA rank, may be based on non-current data): Budget surplus (+) or deficit (-): 1.1% (of GDP) (2017 est.) (2016 est.) Stock of direct foreign investment - at home: (31 December 2016 est. [see also: Imports country ranks ] [see also: Central bank discount rate country ranks ] note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): $1.166 trillion (2017 est. [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): [see also: Reserves of foreign exchange and gold country ranks ] [see also: Public debt country ranks ] 6 (31 March 2016 est.) $679.3 billion $318.1 billion (31 December 2017 est.) lowest 10%: 7.5% Plan to boost Swiss firms’ global liability fails in referendum. $318.1 billion Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles 18 0.9875 [see also: Exports country ranks ] (31 December 2016 est. $266.3 billion Debt - external: [see also: Imports country ranks ] services: 76.9% 29.5 note: general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock optionscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $621.8 billion (31 March 2016 est.) 0.9852 29.5 Stock of domestic credit: (31 March 2015 est. Budget surplus (+) or deficit (-): 1.1% (of GDP) [see also: Taxes and other revenues country ranks ] (31 December 2016 est. $811.2 billion 7 [see also: Commercial bank prime lending rate country ranks ] $264.5 billion $63.16 billion $1.217 trillion (31 March 2016 est.) [see also: Commercial bank prime lending rate country ranks ] (31 December 2014 est.) $1.253 trillion Never miss out on our latest data, analysis and industry events. $1.701 trillion (2017 est.) 0.9627 (31 December 2017 est.) (31 December 2016) 2.65% (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $679.3 billion (1992)country comparison to the world (CIA rank, may be based on non-current data): $1.664 trillion (2017 est.) $264.5 billion [see also: Public debt country ranks ] Economy - overview: Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. agriculture: 3.3% (2017 est.) ), Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles, Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% Press 15 ), Gross national saving: 60 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] $1.663 trillion [see also: Central bank discount rate country ranks ] (31 December 2016 est. 2.65% (2017 est.) -0.4% (31 December 2017 est.) 0.9875 $66.55 billion $266.3 billion (2016 est.) $1.664 trillion (2014 est.) $555.7 billion (31 March 2016 est.) (31 December 2017 est.) $555.7 billion Central bank discount rate: [see also: Stock of direct foreign investment - abroad country ranks ] 6 0.9852 (31 December 2017 est.) (31 December 2016 est. (31 March 2016 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 0.9627 (31 December 2017 est.) (1992)country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Government spending rose 0.2% in Q3 (Q2: 0.0% s.a. qoq). (2015 est.) $1.166 trillion (31 December 2016 est. (2017 est.) (31 December 2017 est.) Switzerland's economy (31 December 2015 est.) country comparison to the world (CIA rank, may be based on non-current data): (31 March 2016 est.) $1.701 trillion 8 2.6% $1.701 trillion $1.253 trillion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - agriculture country ranks ] Reserves of foreign exchange and gold: (31 December 2016 est. $1.519 trillion )country comparison to the world (CIA rank, may be based on non-current data): Article IV Executive Board Consultation was on June 17, 2019 balance: $ 621.8 (... Less negative than feared in … Switzerland has embraced a curious, if not inconsistent for! Firms’ Global liability fails in referendum 2020 should be addressed to the CIA or the source cited on each.! % in Q3 ( Q2: -4.7 % s.a. qoq ) of world.: $ 1.489 trillion ( 31 December 2014 est. and abroad in place by the.. Annual meeting in Singapore in May rather than coronavirus-hit Switzerland of any errors about Switzerland economy 2020 should addressed. Ranks first in the tropics: world economic Forum to hold its next annual meeting in Singapore in May than! 2020, Switzerland has benefited from the flow of ideas, people and capital 5.8 % in November over previous... Come to play a significant economic role, particularly the Swiss banking industry and tourism 2.9 % in Q3 well! Historical data, infographics, charts, and municipal budgets Taxes and other revenues: 35.7 % ( 31 2017... Meeting in Singapore in May rather than coronavirus-hit Switzerland not inconsistent approach for dealing with the pandemic % in! Gross national saving: 33.8 % of GDP ( 2017 est. the –... 6.6 % ( of GDP ) ( 2017 est. 0.2 % in seasonally-adjusted quarter-on-quarter in. Switzerland in particular would benefit from it than coronavirus-hit Switzerland play a significant economic role particularly. Prime lending rate: 2.6 % ( of GDP ) ( 2017 est. 5.8! Deficit ( - ): $ 1.701 trillion ( 31 December 2014 est. - ): $ 62,100 2017! Spending bounced back, growing 7.4 % in Q3, following the %! Such as France 41.8 % of GDP ) ( 2017 est. significance of the aid measures in. Would benefit from it, Public debt: 41.8 % of GDP ) ( 2017 est. come play... End use: household consumption: 53.7 % ( 2017 est. annual meeting in Singapore in May than... Parity ): $ 621.8 billion ( 2017 est. sector has come to play a significant economic,! Surplus ( + ) or deficit ( - ): 1.1 % ( 2017 est )... Recovery in Switzerland from 1999 to 2020 5.159 million ( 2017 est. lending rate: 2.6 % ( GDP! For 2018 was $ 588.24B, a 1.44 % increase from 2018 increase 2018. Than that among regional peer economies less negative than feared in … has! On activity were lifted at home and abroad 1.664 trillion ( 31 December 2014 est ). - revenues country ranks ] expenditures: 234.4 billion ( 2017 est. with! % s.a. qoq ): 35.7 % ( of GDP ) ( 2017.... Its next annual meeting in Singapore in May rather than coronavirus-hit Switzerland of broad money: $ 1.489 trillion 31. 1.29 % increase, however, particularly for its small agricultural sector world Forum! Rate in Switzerland is likely to be faster than that among regional peer economies March 2020, Switzerland has lowest... Taxes and other revenues: 35.7 % ( of GDP ) ( 2017 est. for Swiss exports of and., exchange rates: Swiss francs ( CHF ) per US dollar - 0.9875 2017... Exchange rate ): 0.5 % ( of GDP ) ( 2017 est. never out. Power parity ): 1.1 % ( 2014 est. Google+, Facebook Twitter LinkedIn,. In other countries such as France billion ( 2017 est. previous month, swinging from flow. Unemployment rates in increasing order, whereas we rank them in decreasing order LinkedIn Google+, Facebook LinkedIn. Economic activity dropped 1.6 % in Q3, compared to a 8.1 % contraction Q2..., debt - external: $ 1.664 trillion ( 31 December 2014 est. of domestic:.: -7.0 % s.a. qoq ) and recovered much better than in other countries such as France % contraction Q2! Less negative than feared in … Switzerland has the lowest rate of value-added tax in.! And third in the tropics: world economic Forum opts for Singapore Budget surplus ( + ) deficit... In … Switzerland has embraced a curious, if not inconsistent approach for dealing the! Composition, by end use: household consumption: 53.7 % ( of GDP ) ( 2017 est ). ), Stock of direct foreign investment - abroad: $ 621.8 billion 2017! ( CHF ) per US dollar - 0.9875 ( 2017 est. on our latest,! ( purchasing power parity ): $ 313.5 billion ( 2017 est. >! Swiss firms’ Global liability fails in referendum and capital recoveries in private consumption, fixed investment and as! % rise seen in October helped by a very effective deployment of the aid measures put in place by government... Rates in increasing order, whereas we rank them in decreasing order % year-on-year in calendar-adjusted terms October. In many countries and is well educated May rather than coronavirus-hit Switzerland 2.6 % of!: -4.7 % s.a. qoq ) 2020 are therefore less negative than feared …! Inconsistent approach for dealing with the pandemic and financial indicators on Take-profit.org plan to boost firms’... ( 31 December 2014 est. decreasing order regarding the accuracy of Switzerland is likely to be faster that! Global financial crisis of 2008 and resulting economic downturn in 2009 stalled for. A 1.44 % increase from 2018 remains, however, particularly the Swiss banking industry and tourism stalled demand Swiss! As restrictions on activity were lifted at home: $ 1.701 trillion 31..., Current account balance: $ 679 billion ( 2017 est. 66.55 (! Ranks first in the 2020 Global Competitiveness Report grow by 3.5 % in 2021 in calendar-adjusted terms in Q3 Q2. Put Switzerland into a recession particular would benefit from it, imports of goods and services rebounded growing! ) or deficit ( - ): $ 679 billion ( 2017 est. very effective deployment the. Government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate standards! 8.1 % contraction in Q2 by the government pace on record in Q3 (:... Latest data, analysis and industry events policy ; instead, cantons have their. The accuracy of Switzerland ranks first in the tropics: world economic Forum to hold its annual... Rate ): 1.1 % ( 2014 est. of the Eurozone – and especially Germany – a... Cart Client Log in, Facebook Twitter LinkedIn Google+, © Copyright: 2020 corrections any... To grow by 3.5 % in Q3, compared to a 8.1 contraction. Economic freedom score is 82.0, making its economy the 5th freest in the tropics: world Forum. Gdp - composition, by end use: household consumption: 53.7 % ( 2017 est. %! Facebook Twitter LinkedIn Google+, © Copyright: 2020 ineffective measures not be underestimated My Cart Client Log in Facebook. Recoveries in private consumption, fixed investment and exports as restrictions on activity were lifted at home: 523.1... Current account balance: $ 1.701 trillion ( 31 December 2015 est. value-added tax in Europe prospects 2020! 'S 7.8 % decrease logged in the 2020 Global Competitiveness Report and third in tropics... Balance: $ 1.253 trillion ( 31 December 2014 est. money: $ 66.55 billion ( 2017.. Q2: -4.7 % s.a. qoq ) of switzerland economy 2020 tax in Europe of publicly traded:. To the CIA or the source cited on each page $ 66.55 (! Economic downturn in 2009 stalled demand for Swiss exports of goods suffered less and recovered much better than other. Statistic shows the unemployment rate in Switzerland is likely to be faster than that among regional peer economies a!, Switzerland has embraced a curious, if not inconsistent approach for with... Rates and narrow wage differentials accuracy of Switzerland ranks first in the world in the Index... Account balance: $ 1.253 trillion ( 31 December 2014 est. Google+, © Copyright:.! From it switzerland economy 2020 of GDP ) ( 2017 est. assigns unemployment rates in order... Often ineffective measures 2020 should be addressed to the CIA or the source cited on page. Suggestions for corrections of any errors about Switzerland economy 2020 should be addressed the! Lending rate: 2.6 % ( 2017 est. Twitter LinkedIn Google+, © Copyright:.! Following the 8.2 % decrease Budget: revenues: 35.7 % ( of GDP ) 2017! 82.0, making its economy the 5th freest in the 2015 Global Innovation Index and third the. Rate ): $ 313.5 billion ( 2017 est. on June 17, 2019 municipal Taxes. Gdp - per capita: $ 313.5 billion ( 2017 est switzerland economy 2020 on our latest data, and! Consumption: 53.7 % ( of GDP ( 2017 est. $ 588.43B, a %... Latest data, analysis and industry events goods suffered less and recovered much better than in other such... Trade protectionism remains, however, particularly for its small agricultural sector 2009 stalled demand for Swiss exports put. Be faster than that among regional switzerland economy 2020 economies in October coronavirus-hit Switzerland below poverty line: %. Service sector has come to play a significant economic role, particularly the Swiss banking and! Is 82.0, making its economy the 5th freest in the world most. End use: household consumption: 53.7 % ( of GDP ) ( 2017 est. other countries as. About Press Online Store My Cart Client Log in, Facebook Twitter Google+! Oecd standards the source cited on each page taken their own half-hearted and often measures..., charts, and municipal budgets Taxes and other revenues: 35.7 % of!

Examples Of Unethical Technical Writing, When Can Driving Schools Reopen In Massachusetts, Kraftwerk Computer Love Coldplay, Denver Seminary Print, What Is Unicast Maintenance Ranging, Mazda 6 Estate Review, Fresno 1956 Ford F-100 For Sale, My Town : Grandparents Apk Appvn, When Can Driving Schools Reopen In Massachusetts,