Economy of Switzerland
Population: 8.52 M (2018)
GDP per Capita: 82,797 USD (2018)
705,140 M.

GDP USD

(2018)

Display Chart
466,310 M.

EXPORTS USD

(2018)

Display Chart
380,090 M.

IMPORTS USD

(2018)

Display Chart
26.90 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.75 % (2018)
GDP of 2010 USD USD 674.60 B. (2018)
GDP Current USD USD 705.14 B. (2018)
GDP per Capita Current USD USD 82,797 (2018)
GDP per capita, PPP USD 59,317 (2018)
GDP per Capita, 2010 USD USD 79,214 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.81 % (2018)
Government Spending USD 83.29 B. (2018)
Government Debt % GDP 26.90 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 110.18 (2016)
Trade Openness 120.03 % (2018)
Exports of Goods and Services % GDP 66.13 % (2018)
Exports Goods & Services USD 466.31 B. (2018)
Exports Annual Growth 2.90 % (2018)
Imports as % GDP 53.90 % (2018)
Total Imports USD 380.09 B. (2018)
Foreign Direct Investment % GDP 10.04 % (2017)
Foreign Direct Investment USD 68.29 B. (2017)
Current Account Balance % GDP USD 10.51 % (2018)
Current Account Balance USD 74.10 B. (2018)
Trade Balance % GDP 12.23 % (2018)
Trade Balance USD 81.19 B. (2018)
Foreign Exchange Reserves incl Gold USD 787.02 B. (2018)
Remittances % GDP 0.35 % (2018)
Remittances 0.35 % (2018)
Balance of Payments USD 16,476 M. (2016)

Labor Market

Indicator Value
Labor Force 4.97 M. (2019)
Unemployment Rate 4.87 % (2019)
Unemployment Rate Females 4.77 % (2019)
Unemployment Rate Males 4.42 % (2019)
Youth Unemployment (ages 15-24) 8.37 % (2019)
Labor Force Participation Rate 68.13 % (2019)
Labor Force (Percent Female) 46.73 % (2019)
Female Labor Force Participation Rate 62.59 % (2019)
Male Labor Force Participation Rate 73.83 % (2019)
Dependent People 50.45 % (2018)

Agriculture Sector

Indicator Value
Forest Area 31.80 % (2016)
Forest Area km² 12,578 km² (2016)
Agricultural Land 38.36 % (2016)
Agricultural Land km² 15,160 km² (2016)
Employment 3.05 % (2019)
Value added % GDP 0.65 % (2018)
Agriculture Value added USD 4.59 B. (2018)
Crop Production Index 91.80 (2016)
Precipitation 1,537 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 6,800 kg/hectare (2017)
Food production index 103 (2016)
Rural Population 26 % (2018)
Fertilizer use of Arable Land 214 kg/hectare (2016)
Livestock Production Index 106 (2016)
Economy of Switzerland

According to the World Bank and its latest published data, the economy of the Switzerland presents a growth rate of 2.75 % (2018) to the previous year.

With a population that reaches 8.52 M (2018) and a gross domestic product of USD 705.14 B. (2018), it translates a Gross Domestic Product per Capita of USD 82,797 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Switzerland also has a workforce of 4.97 M. (2019) with an unemployment rate of 4.87 % (2019), where women represent 4.77 % (2019) and men 4.42 % (2019), the unemployment rate for young people between 15-24 years old stood at 8.37 % (2019). The total number of dependent people stands at 50.45 % (2018).

The central government spent 11.81 % (2018) of its gross domestic product that year, which in absolute terms is USD 83.29 B. (2018). Its consolidated public debt reached 26.90 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Switzerland exported USD 466.31 B. (2018), which represents 66.13 % (2018) of its gross domestic product, in that same sense its imports reached USD 380.09 B. (2018) with a direct foreign investment of USD 68.29 B. (2017).

Switzerland has a forest area of 12,578 km² (2016), which represents 31.80 % (2016) of its total area, an average rainfall of 1,537 mm (2014) per year and a population of 26 % (2018) living in rural areas. With a total area of 15,160 km² (2016) available for agriculture and 3.05 % (2019) of its employments, the agricultural sector contributes to the economy of the Switzerland about USD 4.59 B. (2018) (0.65 % (2018) of its GDP).