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World > Europe > Switzerland > Economy (Facts)

Switzerland - Economy (Facts)
Economy - overview: Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safehaven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth stagnated during the 2001-03 period, improved during 2004-05 to 1.8% annually and to 2.9% in 2006. Even so, unemployment has remained at less than half the EU average.
GDP - real growth rate: 2.7% (2006 est.)
GDP (purchasing power parity): $255.5 billion (2006 est.)
GDP (official exchange rate): $386.1 billion (2006 est.)
GDP - per capita (PPP): $34,000 (2006 est.)
GDP - composition by sector: agriculture: 1.5%
industry: 34%
services: 64.5% (2003 est.)
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: 2.6%
highest 10%: 25.2% (1992)
Inflation rate (consumer prices): 1.2% (2006 est.)
Labor force: 3.81 million (2006 est.)
Labor force - by occupation: agriculture: 4.6%
industry: 26.3%
services: 69.1% (1998)
Unemployment rate: 3.3% (2006 est.)
Budget: revenues: $141 billion
expenditures: $139.1 billion; including capital expenditures of NA (2006 est.)
Industries: machinery, chemicals, watches, textiles, precision instruments, tourism, banking, and insurance
Industrial production growth rate: 6.5% (2006 est.)
Electricity - production: 61.97 billion kWh (2004)
Electricity - consumption: 56.93 billion kWh (2004)
Electricity - exports: 27.8 billion kWh (2004)
Electricity - imports: 27.1 billion kWh (2004)
Oil - production: 2,241 bbl/day (2004 est.)
Oil - consumption: 268,100 bbl/day (2004 est.)
Oil - exports: 11,360 bbl/day (2004)
Oil - imports: 267,000 bbl/day (2004)
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Natural gas - exports: 0 cu m (2004 est.)
Natural gas - imports: 3.311 billion cu m (2004 est.)
Agriculture - products: grains, fruits, vegetables; meat, eggs
Exports: $166.3 billion f.o.b. (2006 est.)
Exports - commodities: machinery, chemicals, metals, watches, agricultural products
Exports - partners: Germany 21.5%, US 9.5%, France 8.6%, Italy 8.4%, UK 5.3% (2006)
Imports: $162.3 billion f.o.b. (2006 est.)
Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles
Imports - partners: Germany 27.3%, Italy 10.1%, US 9.1%, France 8.1%, Russia 7.6%, UK 4.9%, Austria 4.1% (2006)
Debt - external: $1.077 trillion (30 June 2006)
Currency: Swiss Franc (CHF)

Current Swiss Franc Exchange Rates
Historical Swiss Franc Exchange Rates
Chart Swiss Franc Exchange Rates
Currency code: CHF
Exchange rates: Swiss francs per US dollar - 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Swiss Franc Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Swiss Franc Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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