Switzerland's National Bank Faces Historic Loss
The Swiss National Bank projects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.
Switzerland GDP and Economic Data
Includes Switzerland real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Switzerland economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Switzerland best banks and safest banks are also available.
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International Reserves
USD 1,083.40 billion (2020)
World Bank, last updated 12/16/2021
Gross Domestic Product - GDP
USD 810.83 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP (Purchasing Power Parity)
USD 677.27 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Real GDP growth
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.7% | 2.9% | 1.2% | –2.5% | 3.7% |
*Estimate
Source
GDP per capita - current prices
USD 93,515.48 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP per capita - PPP
USD 78,111.51 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP (PPP) - share of world total
0.47% (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP - composition by sector
- agriculture: 0.7%
- industry: 25.2%
- services: 71.3%
(2020)
Gross domestic expenditure on R&D; (% of GDP)
3.2% (2017)
Inflation
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 0.5% | 0.9% | 0.4% | –0.7% | 0.4% |
*Estimate
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 3.1% | 2.5% | 2.3% | 3.1% | 3.1% |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 41.2% | 39.2% | 39.8% | 42.4% | 42.7% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.3% | 1.4% | 1.5% | –2.7% | –1.9% |
*Estimate
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Government bond ratings
Standard & Poor's: AAA
Moody's: AaaStandard & Poor's / Moody's (January 2022)
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Market value of publicly traded shares
USD 2,002 billion (2020)
Largest companies
Nestlé, Roche Holding, Novartis, Zurich Insurance Group, UBS, Chubb, Credit Suisse Group, ABB, LafargeHolcim, Swiss Life Holding, Glencore International, Swiss Re, Swisscom, Kuehne & Nagel International, Richemont, STMicroelectronics, Schindler Holding, Sika, Julius Baer Group, TE Connectivity, Lonza Group, Givaudan, Bâloise Group, Alcon, Partners Group Holding, Garmin, Helvetia Holding, SGS, Logitech International, Geberit, Adecco, Coca-Cola HBC, Banque Cantonale Vaudoise, EMS-Chemie Holding, Lindt & Sprungli, Barry Callebaut, Swatch Group, Basler Kantonalbank, Luzerner Kantonalbank, Sonova Holding, ALSO Holding, EFG International
Forbes Global 2000 (2021)
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Current account balance
USD 58.5 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Current account balance by percentage of GDP
7.2% (2021 estimate)
IMF - World Economic Outlook, October 2021
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Exports as percent of GDP (Exports of goods and services)
62.3% (2020)
World Bank - World Development Indicators (updated Feb 2022)
Shares in world total merchandising export
1.8% (2020)
Shares in world total commercial services export
2.3% (2020)
Export commodities
Gold, packaged medicines, medical cultures/vaccines, watches, jewelry (2019)
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Import commodities
Gold, packaged medicines, jewelry, cars, medical cultures/vaccines (2019)
Exports - major partners
Germany 16%, United States 14%, United Kingdom 8%, China 7%, France 6%, India 6%, Italy 5% (2019)
Imports - major partners
Germany 21%, Italy 8%, United States 6%, France 6%, United Kingdom 5%, United Arab Emirates 5% (2019)
FDI inflows
| 2019 | 2020 | 2021 |
| USD –68.3 billion | USD –79.1 billion | USD –47.2 billion |
FDI outflows
| 2019 | 2020 | 2021 |
| USD 43.5 billion | USD –43.7 billion | USD –16.8 billion |
Value of cross-border M&A, by country of purchaser
| 2018 | 2019 | 2020 | 2021 |
| USD 18.6 billion | USD 34.6 billion | USD 17.2 billion | USD 14.9 billion |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 36 out of 190 countries (2020)
Subcategories:
Starting a Business: 81 out of 190 countries
Dealing with Construction Permits: 71 out of 190 countries
Getting Electricity: 13 out of 190 countries
Registering Property: 18 out of 190 countries
Getting Credit: 67 out of 190 countries
Protecting Minority Investors: 105 out of 190 countries
Paying Taxes: 20 out of 190 countries
Trading across Borders: 26 out of 190 countries
Enforcing Contracts: 57 out of 190 countries
Resolving Insolvency: 49 out of 190 countries
World Bank - Doing Business 2020
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Global competitiveness ranking
12 out of 141 (2019)
World Economic Forum / Global competitiveness ranking
Index of Economic Freedom
Ranking: 2 / Score: 84.2 (Free)
The Heritage Foundation - 2022 Index of Economic Freedom
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Government type
Federal republic (formally a confederation)
Languages
German (or Swiss German) (official) 62.1%, French (official) 22.8%, Italian (official) 8%, English 5.7%, Portuguese 3.5%, Albanian 3.3%, Serbo-Croatian 2.3%, Spanish 2.3%, Romansh (official) 0.5%, other 7.9%; note - German, French, Italian, and Romansh are all national and official languages; shares sum to more than 100% because respondents could indicate more than one main language (2019 est.)
Religions
Roman Catholic 34.4%, Protestant 22.5%, other Christian 5.7%, Muslim 5.5%, other 1.6%, none 29.5%, unspecified 0.8% (2019 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020 |
| 6.7 million | 7.2 million | 7.8 million | 8.3 million | 8.6 million |
Source
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2020 |
| 70.9% | 74.5% | 73.4% | 73.9% |
% of population living on less than $3.10 a day
0% (last available estimate, 2018)
Inequality of wealth distribution (Gini index)
33.1 (last available estimate, 2018)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Total score: 96/100
Status: Free
Political Rights: 39/40
Civil Liberties: 57/60 (2022)
Source
Total telephone subscribers as % of population
Fixed: 35.5%
Mobile: 127.3% (2020)
(fixed-telephone subscribers and mobile-cellular subscribers)