The economy in Switzerland following the regular First World model is divided into three sectors: agriculture, industry and services. Swiss merchandise exports to the EU are concentrated on a few sectors, particularly chemicals/pharma and medical products, machinery, instruments and watches. Overview: In 2018 Switzerland was the number 36 economy in the world in terms of GDP (constant 2011 international USD), the number 18 in total exports, the number 17 in total imports, and the number 2 most complex economy according to the Economic Complexity Index (ECI).In 2018, Switzerland exported $310B and imported $294B, resulting in a positive trade balance of $16.9B. Information on economic growth in Switzerland and the cantons, macroeconomic aggregates, sectors and economic activities. This Overview is extracted from the Economic Survey of Switzerland. Switzerland - Economic sectors As a country deprived of large natural resources but abounding in skilled labor, Switzerland has concentrated on the financial services sector and on research-intensive engineering, world-famous for precision and quality. About 74% of Swiss GDP is generated by the service sector and 25% by industry. Since Switzerland has no mineral resources, it must import, process and resell them as products. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 95.47 Amplitude adjusted Long-term average = 100 May-2020 Switzerland Long-term average = 100 Household disposable income Indicator: 1.3 Net Annual growth rate (%) Negotiations on reshaping Switzerland's relationship with the EU will remain difficult, and bilateral relations will be tense. May 29, 2020. This contributes to high employment rates and narrow wage differentials. Negotiations on reshaping Switzerland's relationship with the EU will remain difficult, and bilateral relations will be tense. In brief. The most developed out of which is the Service sector, as around 72% of Swiss GDP is received by the service sector, then comes … May 5, 2020 Read more. Its population is healthier than in many countries and is well educated. "Services" are the most important part of the economy. The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. The Survey is published on the responsibility of the Economic and Development Review Committee (EDRC) of the OECD, Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 95.47 Amplitude adjusted Long-term average = 100 May-2020 Switzerland Long-term average = 100 Household disposable income Indicator: 1.3 Net Annual growth rate (%) The service sector with its commercial and financial centre provides employment for the majority of Switzerland's workers. Switzerland: KOF economic barometer hits historic low in May. Switzerland Industry Sectors: Major Contributors The Swiss industry sector is dominated by the machinery, electrical engineering and metals industry (MEM), contributing 19.3… Input-Output Tables Input-output table, supply table, use table, circular flow of goods and services Input-Output Tables Input-output table, supply table, use table, circular flow of goods and services Input-Output Tables Input-output table, supply table, use table, circular flow of goods and services
Switzerland: Consumer prices post greatest fall since January 2016 in April. The contribution from the agricultural sector is … At that point, the economic focus shifted again to the services sector, where it remains to this day. This includes banking, assurances and tourism. Alongside banking and insurance, commodity trading is an important sector. Gross domestic product (GDP) growth in Switzerland 2021 Distribution of gross domestic product (GDP) across economic sectors Switzerland 2018 Inflation rate of Switzerland 2021 Information on economic growth in Switzerland and the cantons, macroeconomic aggregates, sectors and economic activities. While the industrial sector stagnated, it remained the primary foundation of the Swiss economy until the 1970s. Taxation Withholding tax rates in Switzerland are 0.0-35.0 %. The biggest risks for the Swiss economy stem from Italy's fiscal policy, a significant cooling of the European economy and the possibility of a global trade war, which could impact Switzerland's externally-oriented economy, appreciating the franc and eroding competitiveness in less-productive sectors.
Switzerland has the second highest gross domestic product (GDP) per capita 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. As a small open economy, Switzerland has benefited from the flow of ideas, people and capital. Switzerland’s living standards remain high. 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. The Swiss National Bank (the central bank) is wary of a stronger Swiss franc and is likely to cut the SNB policy rate this year and escalate its foreign-currency purchases to reduce upward pressure on the franc.