Switzerland Economic Statistics and Indicators

25, Jan 2020, EST. Welcome to the Switzerland economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Switzerland › Change country
National or Regional Currency: Swiss Franc, CHF
Year of data: 2015 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 8,061,516 (July 2014 est.)
Area: total: 41,277 sq km ; land: 39,997 sq km ; water: 1,280 sq km
Natural Resources: hydropower potential, timber, salt
Capital: name: Bern ; geographic coordinates: 46 55 N, 7 28 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. 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. 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. The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy began to recover in 2010. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. 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. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year during 2011-13. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
More on the Switzerland Economy
More on the Switzerland Export, Import and Trade

GDP (Constant Prices, National Currency) for Switzerland in year 2015 is CHF 652.812 Billion.

GDP Growth (Constant Prices, National Currency) for Switzerland in year 2015 is 0.855 %.

GDP (Current Prices, National Currency) for Switzerland in year 2015 is CHF 639.602 Billion.

GDP (Current Prices, US Dollars) for Switzerland in year 2015 is US$ 664.603 Billion.

GDP Deflator for Switzerland in year 2015 is 97.976 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Switzerland in year 2015 is CHF 79,244.00 .

GDP Per Capita (Current Prices, National Currency) for Switzerland in year 2015 is CHF 77,640.41 .

GDP Per Capita (Current Prices, US Dollars) for Switzerland in year 2015 is US$ 80,675.31 .

GDP (PPP), US Dollars for Switzerland in year 2015 is US$ 482.347 Billion.

GDP Per Capita (PPP), US Dollars for Switzerland in year 2015 is US$ 58,551.46 .

GDP Share of World Total (PPP) for Switzerland in year 2015 is 0.425 %.

Implied PPP Conversion Rate for Switzerland in year 2015 is 1.326 .

Investment (% of GDP) for Switzerland in year 2015 is 21.864 %.

Gross National Savings (% of GDP) for Switzerland in year 2015 is 33.273 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Switzerland in year 2015 is 100.614 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Switzerland in year 2015 is -1.14 %.

Inflation, End of Year (Indexed to Year 2000) for Switzerland in year 2015 is 100.128 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Switzerland in year 2015 is -1.318 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Switzerland in year 2015 is 2.527 %.

Import Volumes of Goods Only (Percent Change) for Switzerland in year 2015 is 0.751 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Switzerland in year 2015 is 3.143 %.

Export Volumes of Goods Only (Percent Change) for Switzerland in year 2015 is 4.346 %.

Unemployment Rate (% of Labour Force) for Switzerland in year 2015 is 3.304 %.

Employment for Switzerland in year 2015 is 4.962 Million .

Population for Switzerland in year 2015 is 8.238 Million .

General government revenue (National Currency) for Switzerland in year 2015 is CHF 209.381 Billions.

General government revenue (% of GDP) for Switzerland in year 2015 is 32.736 %.

General government total expenditure (National Currency) for Switzerland in year 2015 is CHF 210.885 Billions.

General government total expenditure (% of GDP) for Switzerland in year 2015 is 32.971 %.

Total Government Net Lending/ Borrowing (National Currency) for Switzerland in year 2015 is CHF -1.504 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Switzerland in year 2015 is -0.235 %.

General Government Structural Balance (National Currency) for Switzerland in year 2015 is CHF -- Billion.

General Government Structural Balance (% Potential GDP) for Switzerland in year 2015 is -- %.

Fiscal Year Gross Domestic Product, Current Prices for Switzerland in year 2015 is CHF 639.602 Billions.

Current Account Balance (US Dollars) for Switzerland in year 2015 is US$ 75.822 Billion.

Current Account Balance (% GDP) for Switzerland in year 2015 is 11.409 %.