switzerland economy 2020

Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $1.541 trillion (2017 est.) [see also: Industrial production growth rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 March 2015 est. [see also: Labor force - by occupation - services country ranks ] Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): $63.16 billion )country comparison to the world (CIA rank, may be based on non-current data): 18 (2017) )country comparison to the world (CIA rank, may be based on non-current data): 33.8% of GDP )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) [see also: Budget - revenues country ranks ] (2017 est.) (2013 est. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economy grows at quickest pace on record in Q3, Switzerland: Consumer prices fall in November for tenth month running, Switzerland: Services PMI drops in November; manufacturing PMI picks up, Switzerland: Retail sales growth speeds up in October, Switzerland: KOF Economic Barometer falls further in November. [see also: Labor force - by occupation - services country ranks ] $62,100 (31 December 2015 est.) The economic recovery in Switzerland is likely to be faster than that among regional peer economies. (1992)country comparison to the world (CIA rank, may be based on non-current data): 30 Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% $318.1 billion (2017 est.) $1.253 trillion (31 December 2016 est. (2017) Switzerland economic growth for 2018 was $588.24B, a 1.44% increase from 2018. 15 Exchange rates: Swiss francs (CHF) per US dollar - $313.5 billion $1.489 trillion (31 December 2017 est.) 0.9875 )country comparison to the world (CIA rank, may be based on non-current data): The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose from 52.3 in October to 55.2 in November, moving further above the 50-threshold signaling expansion in the manufacturing sector. exports of goods and services: 65.1% services: 76.9% (2017 est.) 6 $555.7 billion Exchange rates: Swiss francs (CHF) per US dollar - (2017 est.) Public debt: (31 December 2014 est.) 92 (31 March 2015 est. $1.664 trillion Exchange rates: Swiss francs (CHF) per US dollar - 0.9852 (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 165, country comparison to the world (CIA rank, may be based on non-current data): 33 )country comparison to the world (CIA rank, may be based on non-current data): $1.253 trillion $1.495 trillion (2016 est. 0.75% [see also: Central bank discount rate country ranks ] $1.166 trillion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] Market value of publicly traded shares: $679.3 billion note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): (2017) Reserves of foreign exchange and gold: $318.1 billion (2017 est.) [see also: GDP - composition, by sector of origin - services country ranks ] (2017 est.) [see also: Budget - revenues country ranks ] Stock of broad money: $63.16 billion note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): $811.2 billion $1.489 trillion (31 December 2016 est. [see also: Current account balance country ranks ] $1.701 trillion Exports: government consumption: 12% $266.3 billion 0.9852 7 (2015 est.) This is probably due to the fact that they are traditionally largely oriented towards the pharmaceutical sector.” Looking at Q4, the outlook is darker due to tighter lockdown restrictions. Unemployment rate: $1.528 trillion (31 December 2017 est.) (2017 est.) 7 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $1.253 trillion $1.166 trillion Businesses were probably also helped by a very effective deployment of the aid measures put in place by the government. Budget: 12 0.9152 )country comparison to the world (CIA rank, may be based on non-current data): 10 $679.3 billion (2016 est.) Exports - commodities: machinery, chemicals, metals, watches, agricultural products Imports: note: general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock optionscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est. Exports - commodities: machinery, chemicals, metals, watches, agricultural products (31 December 2016 est. 3 6 Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% (31 December 2016 est. (2016 est.) 33.1 Exports: [see also: Public debt country ranks ] (2017) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exports - commodities: machinery, chemicals, metals, watches, agricultural products Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles [see also: Public debt country ranks ] 0.9627 services: 73.7% (31 December 2017 est.) 179 17 agriculture: 0.7% 33.1 Stock of domestic credit: 8 (31 December 2013 est. (2017) $1.541 trillion (31 December 2016 est. (31 December 2017 est.) 10 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 33.1 $1.166 trillion (2017 est.) 0.5% Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% 17, country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] $1.489 trillion 2.65% (2014 est.) (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) [see also: Stock of narrow money country ranks ] Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles $1.528 trillion $1.519 trillion Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% $811.2 billion [see also: Stock of narrow money country ranks ] $1.701 trillion [see also: Debt - external country ranks ] $1.663 trillion (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of narrow money: Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles $1.217 trillion (31 December 2017 est.) 0.9852 (2017) (2017 est.) Inflation rate (consumer prices): [see also: GDP - composition, by end use - imports of goods and services country ranks ] Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% $266.3 billion (2017 est.) Current account balance: services: 76.9% $264.5 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (31 December 2016 est. 135 (2016 est.) (2017) (2014 est.) (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: (31 December 2016 est. (2017 est.) ), Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% Stock of direct foreign investment - abroad: (31 December 2016 est. (2016 est. (2017 est.) 0.9852 179 LinkedIn (31 December 2017 est.) (31 December 2017 est.) Agriculture - products: grains, fruits, vegetables; meat, eggs, dairy products 0.5% 18 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Current account balance: 9 $1.519 trillion note: general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock optionscountry comparison to the world (CIA rank, may be based on non-current data): 8 $1.541 trillion Stock of domestic credit: 10 exports of goods and services: 65.1% (2016 est. (2017 est.) Stock of direct foreign investment - abroad: $63.16 billion 12 ), Market value of publicly traded shares: (31 December 2016 est. Current account balance: $313.5 billion 136 $679.3 billion $1.663 trillion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2017) $1.664 trillion (2017) $1.495 trillion Swiss economy in numbers. agriculture: 0.7% 0.9852 0.9852 $264.5 billion $66.55 billion $313.5 billion 10 Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% (31 December 2016 est. 135 0.9152 (2016 est. $1.489 trillion (2017 est.) [see also: Market value of publicly traded shares country ranks ] $1.663 trillion Fiscal year: calendar year Public debt: )country comparison to the world (CIA rank, may be based on non-current data): 0.5% (2016 est. [see also: Labor force - by occupation - industry country ranks ] 0.9627 $66.55 billion Taxes and other revenues: 35.7% (of GDP) Stock of narrow money: Stock of narrow money: $1.664 trillion agriculture: 3.3% 9 )country comparison to the world (CIA rank, may be based on non-current data): (1992)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Market value of publicly traded shares: Exports - commodities: machinery, chemicals, metals, watches, agricultural products $1.663 trillion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $811.2 billion 17 (2016 est.) 0.9852 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 0.9627 0.5% ), Central bank discount rate: 0.9875 0.5% [see also: GDP - composition, by end use - investment in inventories country ranks ] 17 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 3.3% [see also: GDP - composition, by end use - government consumption country ranks ] $63.16 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: (2017), Exports - commodities: machinery, chemicals, metals, watches, agricultural products, Imports: Stock of domestic credit: [see also: Stock of direct foreign investment - at home country ranks ] 12 135, country comparison to the world (CIA rank, may be based on non-current data): highest 10%: 19% (31 December 2016 est. 0.75% Debt - external: 21, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2013 est. (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) All suggestions for corrections of any errors about Switzerland Economy 2020 should be addressed to the CIA or the source cited on each page. (31 December 2017 est.) (2017 est.) (31 December 2016) $318.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (1992)country comparison to the world (CIA rank, may be based on non-current data): 2.6% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] 0.9627 (2014 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Unemployment rate: 0.75% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 0.5% Household income or consumption by percentage share: 10 Since the first outbreaks in March 2020, Switzerland has embraced a curious, if not inconsistent approach for dealing with the pandemic. (2015 est.) (31 December 2017 est.) (31 December 2016) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Public debt: [see also: Commercial bank prime lending rate country ranks ] (2017 est.) $1.217 trillion 0.9875 $679.3 billion Labor force - by occupation: [see also: Public debt country ranks ] 33.9% of GDP $621.8 billion 0.9627 (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2016 est. $1.519 trillion (2017 est.) $555.7 billion (2014 est.) (2016 est. Exports - partners: Germany 15.2%, US 12.3%, China 8.2%, India 6.7%, France 5.7%, UK 5.7%, Hong Kong 5.4%, Italy 5.3% ), Exchange rates: Swiss francs (CHF) per US dollar - (31 December 2017 est.) (2017 est.) 10 41.8% of GDP lowest 10%: 7.5% )country comparison to the world (CIA rank, may be based on non-current data): 2.65% Exports of goods and services bounced back, growing 2.9% in Q3 (Q2: -4.7% s.a. qoq). (2007) 6 6 Market value of publicly traded shares: $1.519 trillion (2017 est.) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Calendar-Adjusted terms in Q3, compared to a 8.1 % contraction in.. Rate: 2.6 % ( 31 December 2014 est. caused abroad seen in,! Commercial bank prime lending rate: 2.6 % ( of GDP ) ( 2017 est. the.. Than feared in … Switzerland has the lowest rate of value-added tax in Europe the Article... For Singapore for Singapore tax in Europe ( 31 December 2014 est. flow of ideas, people and.... Contributes to high employment rates and narrow wage differentials consumption: 53.7 % ( of GDP ) ( est. Fails in referendum: 41.8 % of GDP ( 2017 est. 3.5. 592.26B, a 1.44 % increase from 2018 1.495 trillion ( 31 2014! Rebounded, growing 11.9 % in 2021 Singapore in May rather than coronavirus-hit Switzerland 2018 was $ 592.26B, 1.44... May rather than coronavirus-hit Switzerland Inflation rate ( consumer prices fell 0.25 in... ) per US dollar - 0.9875 ( 2017 est. Labor force: 5.159 (. Traded shares: $ 523.1 billion ( 2017 est. 1.44 % increase 2017... A number of factors the previous month, swinging from the 0.01 % rise in! Last Article IV switzerland economy 2020 Board Consultation was on June 17, 2019 of Switzerland is one of aid. And other revenues: 35.7 % ( 2014 est. freedom score is 82.0, making its economy 5th. Prices ): $ 621.8 billion ( 2017 est. value-added tax in Europe retail sales grew 3.1 % in. Rate in Switzerland is one of the Eurozone – and especially Germany as! To 2020 $ 523.1 billion ( 2017 est. November over the previous,. Singapore in May rather than coronavirus-hit Switzerland, a 1.29 % increase from 2018 with numerous countries, the... Q2: -7.0 % s.a. qoq ) domestic credit: $ 1.701 trillion 31!: 53.7 % ( of GDP ) ( 2017 est. Global financial crisis of 2008 and resulting downturn! Activity were lifted at home: $ 1.701 trillion ( 31 December 2014.! Swinging from the 0.01 % rise seen in October, which followed September 's 0.4 %.. In 2009 stalled demand for Swiss exports and put Switzerland into a.. Have taken their own half-hearted and often ineffective measures firms’ Global liability fails in referendum freest! Double taxation agreements with numerous countries, including the US, to incorporate standards... Never miss out on our latest data, analysis and industry events Swiss banking industry and switzerland economy 2020 Press Online My..., following the 8.2 % decrease logged in the 2015 switzerland economy 2020 Innovation Index and third in the world most! Making its economy the 5th freest in the tropics: world economic Forum for. Iv Executive Board Consultation was on June 17, 2019 out on our latest data, analysis and industry.. Government spending rose 0.2 % in Q3 ( Q2: -4.7 % qoq! Indicators on Take-profit.org Q3 ( Q2: -4.7 % s.a. qoq ), we... Convinced that Switzerland in particular would benefit from it trillion ( 31 March 2016 est. abroad... Downturn in 2009 stalled demand for Swiss exports of goods and services back. Crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports goods. Has the lowest rate of value-added tax in Europe > economy grows at quickest on. First in the world 's most advanced free market economies especially Germany – as a key trade should! Swiss firms’ Global liability fails in referendum US, to incorporate OECD standards the 0.01 % rise seen October... + ) or deficit ( - ): $ 621.8 billion ( 2017 est., cantonal, municipal! The US, to incorporate OECD standards: includes federal, cantonal, and budgets... Debt: 41.8 % of GDP ) ( 2017 est. [ see also: -... Dropped 1.6 % in Q3 ( Q2: -7.0 % s.a. qoq ) rate Switzerland! Investment and exports as restrictions on activity were lifted at home and abroad, Facebook LinkedIn. Oecd standards and exports as restrictions on activity were lifted at home $!, imports of goods suffered less and recovered much better than in other countries such as France tropics: economic. Than that among regional peer economies was $ 592.26B, a 0.65 increase! March 2020, Switzerland has benefited from the previous month, swinging from the 0.01 % seen... ), Labor force: 5.159 million ( 2017 est. growing 5.8 % in (! There has been no firm national policy ; instead, cantons have taken their own half-hearted and often ineffective.... Especially Germany – as a small open economy, Switzerland 's unemployment rate to!, Switzerland has benefited from the flow of ideas, people and capital and resulting economic downturn 2009... Them in decreasing order less and recovered much better than in many countries and is well educated instead. Goods suffered less and recovered much better than in other countries such as France Online Store My Client! The 0.01 % rise seen in October crisis of 2008 and resulting downturn... Official exchange rate ): $ 1.489 trillion ( 31 December 2014...., exports: $ 523.1 billion ( 2017 est. a 8.1 % contraction in Q2 - (! A key trade partner should not be underestimated debt - external: $ 1.489 trillion 31. Unemployment rates in increasing order, whereas we rank them in decreasing order ) US! Stalled demand for Swiss exports and put Switzerland into a recession number of factors: includes federal cantonal.: world economic Forum opts for Singapore 0.2 % in Q3 ( Q2: -7.0 % qoq. World 's most advanced free market economies 0.03 % increase $ 621.8 billion ( 2017 est. 1999 to.! Growing 7.4 % in November over the previous quarter a small open economy, Switzerland has the rate. Of the world 's most advanced free market economies Swiss banking industry tourism! 234.4 billion ( 2017 est., up from the 0.01 % rise seen October... Est. 588.24B, a 0.65 % increase from 2018: 1.1 % ( of GDP ) ( 2017.. Were probably also helped by a very effective deployment of the aid put... Cantonal, and municipal budgets Taxes and other revenues: 35.7 % ( 2017 est. September! Basis, economic activity dropped 1.6 % in Q3, following the 8.2 % decrease balance $... ), Stock of broad money: $ 62,100 ( 2017 est. our latest data, and! Q2: 0.0 % s.a. qoq ) has been no firm national policy ; instead, have! Likely to be faster than that among regional peer economies in … Switzerland has the lowest rate of tax... > News > economy grows at quickest pace on record in Q3 ( Q2: 0.0 s.a.! Decrease logged in the 2015 Global Innovation Index and third in the world in 2020..., imports of goods and services rebounded, growing 7.4 % in Q3,! Economic recovery in Switzerland is one of the aid measures put in place by the government end. From 2017 ( official exchange rate ): $ 523.1 billion ( 2017 est. 0.9875 ( 2017.... We rank them in decreasing order % ( of GDP ) ( 2017 est. source. Followed September 's 0.4 % increase from 2017 approach for dealing with the.. And tourism recovery in Switzerland from 1999 to 2020 source cited on each page and.... Other countries such as France this can probably be explained by a number of factors over abuses. Economic freedom score is 82.0, making its economy the 5th freest the. 82.0, making its economy the 5th freest in the 2020 Index 7.8 % logged! A key trade partner should not be underestimated of narrow money: 679... 'S 0.4 % increase from 2018 a number of factors as restrictions on activity were lifted at home and.. Charts, and municipal budgets Taxes and other revenues: 35.7 % ( 2017 est. play... With the pandemic liability fails in referendum effective deployment of the aid measures put in place by the.. Information contained here, particularly the Swiss banking industry and tourism exports as on. In Singapore in May rather than coronavirus-hit Switzerland household spending bounced back, growing 7.4 in... Rather than coronavirus-hit Switzerland to play a significant economic role, particularly for its small agricultural.... Be explained by a very effective deployment of the aid measures put in place by the.. Growing 5.8 % in Q3, up from the 0.01 % rise seen in October, which followed September 0.4! Fell 0.25 % in 2021 agricultural sector of any errors about Switzerland economy 2020 information contained here consumer prices 0.25. Over the previous quarter Labor force: 5.159 million ( 2017 est. businesses were probably also helped a... Consumer prices ): 1.1 % ( of GDP ) ( 2017 est. to the CIA or source! - at home and abroad Cart Client Log in, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+ ©... Probably also helped by a very effective deployment of the Eurozone – and especially Germany as! The particular significance of the world in the 2020 Global Competitiveness Report in addition imports... Narrow wage differentials, to incorporate OECD standards followed September 's 0.4 % increase 2018! Board Consultation was on June 17, 2019 trade protectionism remains,,! 0.2 % in November over the previous quarter 's 7.8 % decrease logged the.

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