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Home >> World Economy >> Economy of Switzerland

Economy of Switzerland



The economy of Switzerland comes under the High income OECD group according to the classification of economies by region and income, FY 2005 made by the World Bank.

The country has a surface area of 41,290.0 Square Kilo Metre in the year 2003.

DEMOGRAPHY AND SOCIAL INDICATORS

The total population of Switzerland has reached at 7.4 millions in the year 2004 with a growth rate of 0.4%. There is very slow rate of growth rate of population in Switzerland. In the year 2004-05 the rate of growth of population has declined to 0.4 % in comparison to 0.8% in the previous year.


Population Growth(Annual %)


The Life Expectancy rate increased to 80.5 years in 2004 in comparison to 79.7 years in the previous years. The infant mortality rate per one thousand life births has declined to 4.3 in the year 2003 in comparison to 4.9 in the year 2000. Under the age 5 mortality rate (Per 1,000 children) was at 5.8 in the year 2000.

KEY ECONOMIC INDICATORS

GDP Growth(Annual%)

The Gross National Income (GNI), in atlas method was at current US $ 356.1 Billion in 2004, compared to current US $ 299.0 Billion in the previous year. The percapita GNI in atlas method was 48,230.0 in current US $.

The Gross Domestic Product (GDP) in the year 2004 was calculated at 359.5 billion in current US $ with a growth rate of 1.7 %. There was a negative rate of growth of GDP in the year 2003.

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