Purchase power stability achieved through traditionally low inflation, low long-term capital costs, a good investment climate, sound public finances and almost no labour strikes guarantee the prosperity and stability of the Swiss economy.
The strength of the Swiss economy is largely due to its international outreach and strong intertwining with the economies of other countries. Switzerland has one of the highest export rates as a percentage of gross domestic product. Highly specialised and flexible small and medium-sized companies characterise the technologically advanced industrial sector.
With a per capita gross national product ranking the second highest worldwide, Switzerland is a prominent player in the world economy.
About the Swiss economy
WEF Global Competitiveness Report
The World Economic Forum (WEF) is an independent international organisation committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
According to its latest Global Competitiveness Report, Switzerland ranks 1st for the eighth consecutive year, thanks to excellent results in most areas underpinning competitiveness. This includes innovation, business sophistication, higher education and labour market efficiency. These very strong economic fundamentals help to explain Switzerland’s resilience throughout the crisis. Yet recent developments have created a number of downside risks and leave little policy space. Uncertainty about future immigration policy following the referendum against “mass immigration” could undermine Switzerland’s capacity to tap into the global talent pool needed to power its economy. Switzerland must continue to sharpen its competitive edge to justify the high cost of doing business in the country.
The Global Competitiveness Report 2016-2017