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 bankSwiss National Bank
International ReservesUS$ 372.283 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 594.223 billion (2010 estimate)
GDP (Purchasing Power Parity)335.817 billion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
3.6%1.2%0.4%-0.2%2.5%2.6%3.6%3.6%
2008200920102011*
1.9%-1.9%2.6%2.4%

*Estimate

GDP per capita - current pricesUS$ 75,836 (2010 estimate)
GDP per capita - PPP$42,858 International Dollars (2010 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.76%0.7%0.53%0.44%0.39%

**Forecast

GDP - composition by sector
  • agriculture: 1.3% 
  • industry: 27.6% 
  • services: 71% (2006 estimate)
  • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)3.01% (2008)

(Data released on November 2010)

Inflation
2008200920102011*
2.4%(2008)-0.5%0.7%0.9%

*Estimate

Unemployment rate
2008200920102011*
2.5%3.6%3.6%(2009)3.4%

*Estimate

Household saving rates10.6% (Net saving; 2011 forecast)

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
43.6%40.9%54.9%55%52.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
2.1%0.7%1.4%-1%-0.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$1.274 trillionUS$862.663 billionUS$1.071 trillion
Largest companies in SwitzerlandNestlé (Food Processing), UBS (Investment Services), Credit Suisse Group (Investment Services), Novartis (Pharmaceuticals), Zurich Financial Services (Diversified Insurance), Roche Holding (Pharmaceuticals), Xstrata (Diversified Metals & Mining)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ 78.6 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP13.2% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

54.9% (2007)

(Data released on December 2010)

Shares in world total merchandising export1.28%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export2.11%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$232.6 billion f.o.b. (2010 estimate)
Export commoditiesmachinery, chemicals, metals, watches, agricultural products
Total importsUS$212.8 billion f.o.b. (2008 estimate)
Import commoditiesmachinery, chemicals, vehicles, metals; agricultural products, textiles
Exports - major partnersGermany 20.3%, US 9.7%, Italy 8.7%, France 8.4%, UK 5.1% (2007)
Imports - major partnersGermany 32.6%, Italy 10.8%, France 9.5%, US 5.8%, Netherlands 4.6%, Austria 4.2%, UK 4.2% (2007)
FDI inflows
200820092010
US$15,149 millionUS$26,964 million(2009)US$-6,561 million(2009)
FDI outflows
200820092010
US$55,305 millionUS$33,251 millionUS$58,253 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$45,362 millionUS$7,385 million(2009)US$10,184 million(2009)US$8,994 million
Cross-border M&A deals worth over $3 billion completed in 2008

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

Novartis AG, Alcon Inc, United States, $10.5 billion
Roche Holding AG, Ventana Medical Systems 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 2010

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

Nestlé SA, Kraft Foods Inc, United States, $3.7 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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 27 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 80 out of 183 countries(2009)

Registering property: 14 out of 183 countries

Paying Taxes: 16 out of 183 countries

Getting credit: 15 out of 183 countries

Protecting investors: 167 out of 183 countries

Trading across border: 43 out of 183 countries

Enforcing Contracts: 28 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)
1

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 5 Score: 81.9 (Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+1
Total area 41,277 km2 (2006)
CapitalBern (2009)
CurrencySwiss francs (CHF) (2009)
Government typeformally a confederation but similar in structure to a federal republic (2009)
LanguagesGerman (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)
ReligionsRoman 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
1980199020002010*2015**
6.32 million6.71 million7.18 million7.79 million8.03 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
51%57.1%73.3%73.5%
Population median age40.0 years (2006)
Population growth rate1.1% (2009)
Life expectancy82 years (2007)
Adult literacyN/A
% of population living on less than $2 a dayN/A
Inequality of wealth distribution (Gini index)

33.7 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

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

Total telephone subscribers as % of population

182.18% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population83.9% (Data were released in 2011 and refer to 2010)
Cost of living 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)

5.3561 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST FOREIGN EXCHANGE BANKS

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

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

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

WORLD'S BEST DEVELOPED MARKET BANKS

2011:
  • Credit Suisse (National, 2011)
2010:
  • Credit Suisse (National, 2010)
2009:
  • Credit Suisse (Europe, 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 (Europe, 2010)

WORLD'S BEST INTERNET BANKS

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

WORLD'S SAFEST BANKS

2011:
  • OVERALL SAFEST Zuercher Kantonalbank (Global, 2011)
  • OVERALL SAFEST Credit Suisse Group (Global, 2011)
  • OVERALL SAFEST Pictet & Cie (Global, 2011)
  • REGIONAL WINNERS Zuercher Kantonalbank (Western Europe, 2011)
2010:
  • OVERALL SAFEST Zuercher Kantonalbank (Global, 2010)
  • OVERALL SAFEST Credit Suisse (Global, 2010)
  • REGIONAL WINNERS Zuercher Kantonalbank (Western Europe, 2010)
2009:
  • OVERALL SAFEST Zuercher Kantonalbank (Global, 2009)
  • OVERALL SAFEST UBS AG (Global, 2009)
  • OVERALL SAFEST Credit Suisse Group (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

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

WORLD'S BEST INVESTMENT BANKS

2011:
  • SECTORS / Consumer Credit Suisse (Global, 2011)
  • SECTORS / Technology Credit Suisse (Global, 2011)
  • DEALS OF THE YEAR / Advising target UBS Investment Bank (Global, 2011)
  • COUNTRY WINNERS Credit Suisse (National, 2011)
2010:
  • SECTORS / Real Estate UBS Investment Bank (Global, 2010)
  • SECTORS / Telecom Credit Suisse (Global, 2010)
  • COUNTRY WINNERS Credit Suisse (National, 2010)
2009:
  • DEALS OF THE YEAR / Best Debt Deal Roche Holdings notes ($16 billion) (Global, 2009)
  • COUNTRY WINNERS Credit Suisse (National, 2009)

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

WORLD'S BIGGEST BANKS

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

2011:
  • COUNTRY WINNERS Credit Suisse (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE