Switzerland


Switzerland Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Switzerland; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Swiss National Bank
International Reserves US$ 330.586 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 620.903 billion (2011 estimate)
GDP (Purchasing Power Parity) 347.024 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.2% 0.4% -0.2% 2.5% 2.6% 3.6% 3.6% 2.1%
2009 2010 2011 2012*
-1.9% 2.7% 1.9% 0.8%

*Estimate

GDP per capita - current prices US$ 78,754 (2009 estimate)
GDP per capita - PPP $44,016 International Dollars (2009 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.76% 0.7% 0.53% 0.44% 0.39%

**Forecast

GDP - composition by sector
  • agriculture: 1.2% 
  • industry: 27.5% 
  • services: 71.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 2.99% (2008)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.5%(2008) 0.7% 0.2% -0.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
3.7% 3.9% 3.1%(2009) 3.4%

*Estimate

Household saving rates 12.4% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
52.6% 53.6% 50.1% 48.6% 48.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
1.9% 0.5% 0.2% 0.4% 0.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.071 trillion US$1.229 trillion US$932.2 billion
Largest companies in Switzerland Swatch Group (Apparel/Accessories), Adecco (Business & Personal Services), SGS (Business & Personal Services), Holcim (Construction Materials), Wolseley (Construction Materials), Geberit (Construction Materials), Garmin (Consumer Electronics), Zurich Financial Services (Diversified Insurance), Swiss Re (Diversified Insurance), ACE (Diversified Insurance), Bâloise Group (Diversified Insurance), Helvetia (Diversified Insurance), Glencore International (Diversified Metals & Mining), Xstrata (Diversified Metals & Mining), Alpiq Holding (Electric Utilities), ABB (Electrical Equipment), TE Connectivity (Electronics), Nestlé (Food Processing), Aryzta (Food Processing), UBS (Investment services), Credit Suisse Group (Investment services), Swiss Life Holding (Life & Health Insurance), Julius Baer Group (Major Banks), Synthes (Medical Equipment & Supplies), Petroplus Holdings (Oil & Gas Operations), Transocean (Oil Services & Equipment), Weatherford International (Oil Services & Equipment), Noble (Oil Services & Equipment), Schindler Holding (Other Industrial Equipment), Kuehne + Nagel (Other Transportation), Novartis (Pharmaceuticals), Roche Holding (Pharmaceuticals), BCV (Regional Banks), Basler Kantonalbank (Regional Banks), BEKB-BCBE (Regional Banks), Luzerner Kantonalbank (Regional Banks), St Galler Kantonalbank (Regional Banks), Valiant Holding (Regional Banks), Tyco International (Security Systems), STMicroelectronics (Semiconductors), Syngenta (Specialized Chemicals), Clariant (Specialized Chemicals), Givaudan (Specialized Chemicals), Richemont (Specialty Stores), Swisscom (Telecommunications Services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 75.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP 12.1% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

53.6% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.28%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 2.26% (2011)(2007)

(Data were released in 2012)

Total exports US$300.4 billion (2012 estimate) 
Export commodities machinery, chemicals, metals, watches, agricultural products
Total imports US$287.7 billion (2012 estimate) 
Import commodities machinery, chemicals, vehicles, metals; agricultural products, textiles
Exports - major partners Germany 20.2%, US 10.3%, Italy 7.7%, France 7.1%, UK 4.8%, China 4.3% (2011)
Imports - major partners Germany 32.4%, Italy 10.4%, France 8.6%, US 5%, Netherlands 4.4%, Austria 4.3% (2011)
FDI inflows
2009 2010 2011
US$28,642 million US$20,381 million(2009) US$-196 million(2009)
FDI outflows
2009 2010 2011
US$27,793 million US$64,780 million US$69,612 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$45,362 million US$7,385 million(2009) US$9,696 million(2009) US$17,463 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Nestlé SA, Kraft Foods Inc, United States, $3.7 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

ABB Ltd, Baldor Electric Co, United States, $3.9 billion(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 28 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 97 out of 185 countries(2009)

Enforcing Contracts: 20 out of 185 countries

Registering Property: 15 out of 185 countries

Getting credit: 23 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 35 out of 185 countries

Paying Taxes: 18 out of 185 countries

Dealing with Construction Permits: 50 out of 185 countries

Getting Electricity: 8 out of 185 countries

Resolving Insolvency: 45 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
1

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 5 Score: 81.1 (Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 41,277 km2 (2006)
Capital Bern (2009)
Currency Swiss francs (CHF) (2009)
Government type formally a confederation but similar in structure to a federal republic (2009)
Languages German (official) 63.7%, French (official) 20.4%, Italian (official) 6.5%, Serbo-Croatian 1.5%, Albanian 1.3%, Portuguese 1.2%, Spanish 1.1%, English 1%, Romansch (official) 0.5%, other 2.8% (2000 census)
Religions Roman Catholic 41.8%, Protestant 35.3%, Muslim 4.3%, Orthodox 1.8%, other Christian 0.4%, other 1%, unspecified 4.3%, none 11.1% (2000 census)
Total population
1980 1990 2000 2012* 2017**
6.32 million 6.71 million 7.18 million 8 million 8.25 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
51% 57.1% 73.3% 73.7%
Population median age 41 years (2010)
Population growth rate 1% (2011)
Life expectancy 82 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

33.68 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

190.88% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 85.2% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bern: 16th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

5.4582 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INSURANCE PROVIDERS

2012:
  • GLOBAL / Best Global Political Risk Insurer Zurich (National, 2012)
  • GLOBAL / Best Global Supply Chain/Trade Disruption Insurer Zurich (National, 2012)
  • REGIONAL WINNERS / Best Property Insurer Zurich (National, 2012)
  • REGIONAL WINNERS / Best Political Risk Insurer Zurich (National, 2012)
  • REGIONAL WINNERS / Best D&O Insure Zurich (National, 2012)
  • REGIONAL WINNERS / Best Employment Practices Liability Insurer Zurich (National, 2012)
  • REGIONAL WINNERS / Best Crime/Fidelity Insurer Zurich (National, 2012)
  • REGIONAL WINNERS / Best Political Risk Insurer Zurich (Fai-Nan Perng, 2012)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Credit Suisse (National, 2013)
2012:
  • COUNTRY WINNERS Credit Suisse (Global, 2012)
2011:
  • COUNTRY WINNERS Credit Suisse (Global, 2011)
2010:
  • COUNTRY WINNERS Credit Suisse (Global, 2010)
2009:
  • COUNTRY WINNERS Credit Suisse (National, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

(ranking of the 50 safest banks in the world; the first is the safest)
2012:
  • Credit Suisse (Global, 2012)
2011:
  • Credit Suisse (Asia, 2011)
2010:
  • Credit Suisse (Global, 2010)
2009:
  • Credit Suisse (Global, 2009)

WORLD'S BEST BANKS

2011:
  • Private Bank Credit Suisse (Global, 2011)
2010:
  • Private Bank Credit Suisse (Global, 2010)

WORLD'S BEST DERIVATIVES PROVIDERS

2010:
  • Best Equity Derivatives Provider Credit Suisse (National, 2010)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Asia, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • OVERALL SAFEST Zürcher Kantonalbank (Global, 2013)
  • REGIONAL WINNERS Zürcher Kantonalbank (Western Europe, 2013)
2012:
  • OVERALL SAFEST Zürcher Kantonalbank (National, 2012)
  • REGIONAL WINNERS Zürcher Kantonalbank (National, 2012)
2011:
  • OVERALL SAFEST Zuercher Kantonalbank (National, 2011)
  • OVERALL SAFEST Credit Suisse Group (National, 2011)
  • OVERALL SAFEST Pictet & Cie (National, 2011)
  • REGIONAL WINNERS Zuercher Kantonalbank (ASIA, 2011)
2010:
  • OVERALL SAFEST Zuercher Kantonalbank (Global, 2010)
  • OVERALL SAFEST Credit Suisse (Global, 2010)
  • REGIONAL WINNERS Zuercher Kantonalbank (Global, 2010)
2009:
  • OVERALL SAFEST Zuercher Kantonalbank (Fai-Nan Perng, 2009)
  • OVERALL SAFEST UBS AG (National, 2009)
  • OVERALL SAFEST Credit Suisse Group (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Credit Suisse (Global, 2012)
2011:
  • COUNTRY WINNERS Credit Suisse (National, 2011)
2010:
  • COUNTRY WINNERS Credit Suisse (Global, 2010)
2009:
  • COUNTRY WINNERS Credit Suisse (Global, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • DEALS OF THE YEAR / Global Bookrunners UBS (Global, 2013)
  • DEALS OF THE YEAR / Global Bookrunners Credit Suisse (Global, 2013)
  • DEALS OF THE YEAR / Advising Target UBS (Global, 2013)
  • REGIONAL WINNERS/Best Equity Bank UBS (Western Europe, 2013)
  • COUNTRY WINNERS Credit Suisse (National, 2013)
2012:
  • Best Investment Bank Credit Suisse (Global, 2012)
  • Best Equity Bank Credit Suisse (Global, 2012)
  • COUNTRY WINNERS Credit Suisse (Global, 2012)
  • DEALS OF THE YEAR / Best Equity Deal Glencore International ($10.05 billion) (Global, 2012)
  • DEALS OF THE YEAR / Global Bookrunners Credit Suisse (Asia, 2012)
  • DEALS OF THE YEAR / Lead Managers UBS (Global, 2012)
2011:
  • SECTORS / Consumer Credit Suisse (National, 2011)
  • SECTORS / Technology Credit Suisse (National, 2011)
  • DEALS OF THE YEAR / Advising target UBS Investment Bank (National, 2011)
  • COUNTRY WINNERS Credit Suisse (National, 2011)
2010:
  • SECTORS / Real Estate UBS Investment Bank (Fai-Nan Perng, 2010)
  • SECTORS / Telecom Credit Suisse (Global, 2010)
  • COUNTRY WINNERS Credit Suisse (Global, 2010)
2009:
  • DEALS OF THE YEAR / Best Debt Deal Roche Holdings notes ($16 billion) (National, 2009)
  • COUNTRY WINNERS Credit Suisse (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2012:
  • OVERALL BIGGEST UBS (Global, 2012)
  • OVERALL BIGGEST Credit Suisse (Global, 2012)
2011:
  • OVERALL BIGGEST UBS (Global, 2011)
  • OVERALL BIGGEST Credit Suisse Group (Global, 2011)
2010:
  • OVERALL BIGGEST UBS (Global, 2010)
  • OVERALL BIGGEST Credit Suisse Group (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Credit Suisse (Asia, 2013)
2012:
  • COUNTRY WINNERS Credit Suisse (Asia, 2012)
2011:
  • COUNTRY WINNERS Credit Suisse (Global, 2011)
2010:
  • COUNTRY WINNERS Credit Suisse (Global, 2010)
2009:
  • COUNTRY WINNERS Credit Suisse (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE