Switzerland

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Introduction - Switzerland:
Location - Switzerland:
People - Switzerland:
Government - Switzerland:
Economy - Switzerland:
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 EUs 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 francs 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 purchasing power parity	$255.5 billion (2006 est.)

Gdp official exchange rate	$386.1 billion (2006 est.)

Gdp real growth rate	2.7% (2006 est.)

Gdp per capita ppp	$34,000 (2006 est.)

Gdp composition by sector	agriculture: 1.5% industry: 34% services: 64.5% (2003 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.)

Population below poverty line	NA%

Household income or consumption by percentage share	lowest 10%: 2.6% highest 10%: 25.2% (1992)

Distribution of family income gini index	33.1 (1992)

Inflation rate consumer prices	1.2% (2006 est.)

Investment gross fixed	21.8% of GDP (2006 est.)

Budget	revenues: $141 billion expenditures: $139.1 billion; including capital expenditures of $NA (2006 est.)

Public debt	51% of GDP (2006 est.)

Agriculture products	grains, fruits, vegetables; meat, eggs

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 consumption	3.311 billion cu m (2004 est.)

Natural gas exports	0 cu m (2004 est.)

Natural gas imports	3.311 billion cu m (2004 est.)

Current account balance	$50.44 billion (2006 est.)

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)

Reserves of foreign exchange and gold	$38.29 billion (August 2006 est.)

Economic aid donor	ODA, $1.1 billion (1995)

Debt external	$1.077 trillion (30 June 2006)

Currency code	Swiss franc (CHF)

Exchange rates	Swiss francs per US dollar - 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002)

Communications - Switzerland:
Transportation - Switzerland:
Military - Switzerland:

This page was last updated on 16 September, 2007
Source: CIA >>>

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Switzerland

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Switzerland

Switzerland: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Switzerland

Economy overview

Gdp purchasing power parity

$255.5 billion (2006 est.)

Gdp official exchange rate

$386.1 billion (2006 est.)

Gdp real growth rate

2.7% (2006 est.)

Gdp per capita ppp

$34,000 (2006 est.)

Gdp composition by sector

agriculture: 1.5% industry: 34% services: 64.5% (2003 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.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: 2.6% highest 10%: 25.2% (1992)

Distribution of family income gini index

33.1 (1992)

Inflation rate consumer prices

1.2% (2006 est.)

Investment gross fixed

21.8% of GDP (2006 est.)

Budget

revenues: $141 billion expenditures: $139.1 billion; including capital expenditures of $NA (2006 est.)

Public debt

51% of GDP (2006 est.)

Agriculture products

grains, fruits, vegetables; meat, eggs

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 consumption

3.311 billion cu m (2004 est.)

Natural gas exports

0 cu m (2004 est.)

Natural gas imports

3.311 billion cu m (2004 est.)

Current account balance

$50.44 billion (2006 est.)

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)

agriculture: 1.5%
industry: 34%
services: 64.5% (2003 est.)

agriculture: 4.6%
industry: 26.3%
services: 69.1% (1998)

lowest 10%: 2.6%
highest 10%: 25.2% (1992)

revenues: $141 billion
expenditures: $139.1 billion; including capital expenditures of $NA (2006 est.)