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Switzerland:
Economy

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Economy - overview
Definition
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, and jumped to 2.9% in 2006, and 2.6% in 2007. Unemployment has remained at less than half the EU average.
GDP (purchasing power parity)
Definition - World rank and map
$300.2 billion (2007 est.)
GDP (official exchange rate)
Definition
$423.9 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
3.1% (2007 est.)
GDP - per capita
Definition - World rank and map
$41,100 (2007 est.)
GDP - composition by sector
Definition
agriculture: 1.5%
industry: 34%
services: 64.5% (2003 est.)
Labor force
Definition
3.95 million (2007 est.)
Labor force - by occupation
Definition
agriculture: 4.6%
industry: 26.3%
services: 69.1% (1998)
Unemployment rate
Definition - World rank and map
2.5% (2007 est.)
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: 2.9%
highest 10%: 25.9% (2000)
Distribution of family income - Gini index
Definition - World rank and map
33.7 (2000)
Inflation rate (consumer prices)
Definition - World rank and map
0.9% (2007 est.)
Investment (gross fixed)
Definition - World rank and map
21.5% of GDP (2007 est.)
Budget
Definition
revenues: $149.5 billion
expenditures: $143.1 billion (2007 est.)
Public debt
Definition - World rank and map
45.3% of GDP (2007 est.)
Agriculture - products
Definition
grains, fruits, vegetables; meat, eggs
Industries
Definition
machinery, chemicals, watches, textiles, precision instruments, tourism, banking, and insurance
Industrial production growth rate
Definition - World rank and map
6.5% (2006 est.)
Electricity - production
Definition - World rank and map
56.1 billion kWh (2005)
Electricity - consumption
Definition - World rank and map
58.26 billion kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
7,684.5 kWh (2005)
Electricity - exports
Definition
32 billion kWh (2005)
Electricity - imports
Definition
38.35 billion kWh (2005)
Oil - production
Definition - World rank and map
3,202 bbl/day (2005 est.)
Oil - consumption
Definition - World rank and map
275,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
36.3 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
11,360 bbl/day (2004)
Oil - imports
Definition - World rank and map
267,000 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
NA
Natural gas - production
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
3.26 billion cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
430 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
3.26 billion cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
0 cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
$72.84 billion (2007 est.)
Exports
Definition - World rank and map
$202.8 billion f.o.b. (2007 est.)
Exports - commodities
Definition
machinery, chemicals, metals, watches, agricultural products
Exports - partners
Definition
Germany 21.9%, Italy 8.4%, France 8.3%, US 8.3%, UK 5.2%, Austria 4.4% (2006)
Imports
Definition - World rank and map
$184.9 billion f.o.b. (2007 est.)
Imports - commodities
Definition
machinery, chemicals, vehicles, metals; agricultural products, textiles
Imports - partners
Definition
Germany 28.3%, Italy 10.4%, US 9.6%, France 8%, Belgium 4.2%, UK 4% (2006)
Reserves of foreign exchange and gold
Definition - World rank and map
$64.5 billion (2006 est.)
Debt - external
Definition - World rank and map
$1.34 trillion (30 June 2007)
Stock of direct foreign investment - at home
Definition
$265.7 billion (2007 est.)
Stock of direct foreign investment - abroad
Definition
$591.5 billion (2007 est.)
Market value of publicly traded shares
Definition
$938.6 billion (2005)
Economic aid - donor
Definition
ODA, $1.646 billion (2006)
Currency (code)
Definition
Swiss franc (CHF)
Exchange rates
Definition
Swiss francs per US dollar - 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003)
Fiscal year
Definition
calendar year


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