)country comparison to the world (CIA rank, may be based on non-current data): 81 Budget: $63.16 billion note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): 18 3.2% (2017 est.) Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad. Davos in the tropics: World Economic Forum opts for Singapore. (31 December 2017 est.) 2.65% (2014 est.) 12 Stock of direct foreign investment - at home: Commercial bank prime lending rate: LinkedIn (2017 est. (2017 est. $1.495 trillion $1.663 trillion (31 December 2016 est. $1.217 trillion [see also: Stock of broad money country ranks ] Household income or consumption by percentage share: 8 [see also: Taxes and other revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 2.6% (31 December 2017 est.) 0.9875 (2017) Every year Switzerland spends close to 3% of its GDP, more than CHF 18.5 billion (around EUR 15 billion or USD 20.6 billion), on research and development . 0.5% $1.664 trillion Reserves of foreign exchange and gold: [see also: Labor force country ranks ] 3 [see also: Inflation rate (consumer prices) country ranks ] $318.1 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - industry country ranks ] (2017 est.) (31 December 2017 est.) [see also: Inflation rate (consumer prices) country ranks ] (31 March 2015 est. 0.9875 0.9852 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Stock of direct foreign investment - abroad: [see also: Stock of broad money country ranks ] (31 December 2014 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] $61,500 (31 December 2016 est. $318.1 billion 3 Economy - overview: $63.16 billion 3 )country comparison to the world (CIA rank, may be based on non-current data): ), Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] Imports: Fiscal year: calendar year $266.3 billion (31 December 2014 est.) Fiscal year: calendar year (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): 0.9852 (31 December 2013 est. $555.7 billion 0.5% investment in inventories: -1.4% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $66.55 billion [see also: Market value of publicly traded shares country ranks ] $318.1 billion 18 Stock of narrow money: (2014 est.) (2015 est.) $318.1 billion Switzerland economic growth for 2018 was $579.87B, a 1.29% increase from 2017. [see also: Population below poverty line country ranks ] $1.519 trillion (2017 est.) [see also: Debt - external country ranks ] (2017 est. [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 40 ), Inflation rate (consumer prices): (31 December 2016 est. 0.9152 $1.519 trillion $264.5 billion (2015 est. (31 December 2016 est. 33.1 41.8% of GDP $523.1 billion exports of goods and services: 65.1% (2014 est.) [see also: Stock of direct foreign investment - abroad country ranks ] $1.664 trillion (2014 est.) 10 Exports: [see also: Central bank discount rate country ranks ] $621.8 billion 0.9152 (2017 est. 136 [see also: Stock of direct foreign investment - abroad country ranks ] $679.3 billion Industries: machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals [see also: Budget surplus (+) or deficit (-) country ranks ] $264.5 billion (2017) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 0.5% (2014 est.) Exports - commodities: machinery, chemicals, metals, watches, agricultural products )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): Due to the high level of uncertainty in current global economic conditions, the April 2020 WEO database and statistical tables contain only these indicators: real GDP growth, consumer price index, current account balance, unemployment, per capita GDP growth, and fiscal balance. (31 December 2016) (2016 est. 21 Public debt: $1.701 trillion $1.489 trillion (2017) industry: 19.8% Central bank discount rate: 0.9875 $264.5 billion agriculture: 3.3% (31 December 2017 est.) (31 December 2016 est. In 2020, Switzerland's unemployment rate amounted to around 4.85 percent. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Household income or consumption by percentage share: (2017 est. 0.9152 135 119 [see also: GDP - composition, by end use - investment in inventories country ranks ] (2016 est.) (2016 est.) $1.701 trillion (2015 est.) Commercial bank prime lending rate: [see also: GDP country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 6 0.9875 0.9627 [see also: Market value of publicly traded shares country ranks ] (2017 est. 9 (2017 est.) [see also: Current account balance country ranks ] Economy - overview: Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% Agriculture - products: grains, fruits, vegetables; meat, eggs, dairy products exports of goods and services: 65.1% 0.9852 (2017) 3.2% )country comparison to the world (CIA rank, may be based on non-current data): 119 )country comparison to the world (CIA rank, may be based on non-current data): $555.7 billion (2016 est. (31 December 2017 est.) Exchange rates: Swiss francs (CHF) per US dollar - Country risk of Switzerland : Economy. ), Labor force - by occupation: (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. Stock of domestic credit: 3 (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): $266.3 billion 0.9627 (2016 est. $1.528 trillion Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% (31 December 2017 est.) $1.217 trillion 15 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (2017) 135 $1.701 trillion 6 (31 December 2017 est.) $1.489 trillion )country comparison to the world (CIA rank, may be based on non-current data): $621.8 billion Stock of direct foreign investment - at home: Debt - external: Switzerland rejects extending corporate liability over rights abuses and environmental harm caused abroad. 0.75% 10 [see also: Current account balance country ranks ] Household income or consumption by percentage share: $1.253 trillion GDP - composition, by end use: $318.1 billion $66.55 billion [see also: Stock of direct foreign investment - at home country ranks ] (2013 est. [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2017) (2017 est.) $1.253 trillion $313.5 billion $61,800 (31 December 2017 est.) $264.5 billion [see also: Population below poverty line country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] 40 0.9875 )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) (31 December 2016 est. 30 (2017 est.) (2017 est. (2016 est. (2016 est. (2017 est.) (31 December 2016 est. (31 December 2016 est. [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: Inflation rate (consumer prices): $266.3 billion )country comparison to the world (CIA rank, may be based on non-current data): $66.55 billion [see also: Labor force - by occupation - industry country ranks ] (2017 est.) $63.16 billion 6. 6 (31 December 2016 est. 17 $264.5 billion $66.55 billion $1.217 trillion (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles Stock of direct foreign investment - abroad: $1.217 trillion Exchange rates: Swiss francs (CHF) per US dollar - 30 (31 December 2016 est. (2017 est.) Central bank discount rate: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $1.701 trillion (2017 est.) 8 [see also: Stock of domestic credit country ranks ] [see also: Current account balance country ranks ] 0.9852 )country comparison to the world (CIA rank, may be based on non-current data): $1.489 trillion (2017 est.) Exports - commodities: machinery, chemicals, metals, watches, agricultural products Public debt: note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): (2015 est.) (31 December 2017 est.) 0.9152 (2017 est.) (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $266.3 billion 10 (31 December 2016 est. (31 December 2016) [see also: Stock of narrow money country ranks ] [see also: Central bank discount rate country ranks ] (31 December 2015 est.) Industries: machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals $61,800 9 $1.253 trillion 9 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): 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% [see also: Unemployment rate country ranks ] 33.1 (31 December 2016 est. [see also: Stock of broad money country ranks ] [see also: Exports country ranks ] Inflation rate (consumer prices): Imports: Stock of direct foreign investment - at home: $1.701 trillion [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. 1.6% (31 December 2016 est. [see also: Exports country ranks ] (2017 est.) (2016 est.) (31 December 2013 est. (2017 est.) 1.6% 136, country comparison to the world (CIA rank, may be based on non-current data): 0.9852 (2017 est.) [see also: Commercial bank prime lending rate country ranks ] Reserves of foreign exchange and gold: (31 December 2015 est.) $1.664 trillion industry: 25.6% $621.8 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2016 est. (2016 est.) There has been no firm national policy; instead, cantons have taken their own half-hearted and often ineffective measures. 33.1 0.9627 )country comparison to the world (CIA rank, may be based on non-current data): $1.217 trillion 33.1 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 0.9852 [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 3.3% (31 March 2015 est. 0.5% $1.541 trillion 0.9627 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. )country comparison to the world (CIA rank, may be based on non-current data): 119 )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Stock of direct foreign investment - at home: (2014 est.) (31 December 2016 est. (31 December 2017 est.) (31 December 2017 est.) 32.3% of GDP Market value of publicly traded shares: $1.663 trillion 18 Current account balance: $1.519 trillion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: machinery, chemicals, metals, watches, agricultural products (2017 est.) 0.9875 (2013 est. (2016 est. The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with economic instability in Russia and other Eastern European economies drove up demand for the Swiss franc by investors seeking a safehaven currency. (31 December 2017 est.) $264.5 billion [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) $1.166 trillion note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2017 est.) (2017 est.) Exchange rates: Swiss francs (CHF) per US dollar - [see also: Budget - revenues country ranks ] 0.9852 The last Article IV Executive Board Consultation was on June 17, 2019. No claims are made regarding the accuracy of Switzerland Economy 2020 information contained here. note: trade data exclude trade with Switzerlandcountry comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: (31 March 2015 est. $621.8 billion 10 [see also: Budget surplus (+) or deficit (-) country ranks ] 8 (31 December 2017 est.) 2.65% (31 December 2016) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] (31 December 2017 est.) 0.9852 (2017) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 12 [see also: Market value of publicly traded shares country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] [see also: Labor force country ranks ] $1.541 trillion )country comparison to the world (CIA rank, may be based on non-current data): 17 179 Exchange rates: Swiss francs (CHF) per US dollar - Stock of narrow money: Reserves of foreign exchange and gold: Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% 179 $679.3 billion 0.75% 0.9627 [see also: Inflation rate (consumer prices) country ranks ] 12 agriculture: 3.3% (2016 est.) Exports of goods and services bounced back, growing 2.9% in Q3 (Q2: -4.7% s.a. qoq). [see also: Stock of domestic credit country ranks ] (31 December 2017 est.) 15 (2016 est.) Public debt: $811.2 billion (31 December 2017 est.) 41.8% of GDP Google+, © Copyright: 2020. [see also: GDP - composition, by end use - government consumption country ranks ] [see also: Stock of broad money country ranks ] (2017 est.) (2017) Stock of domestic credit: 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): Industrial production growth rate: 3.4% Stock of direct foreign investment - at home: (31 December 2016 est. (2014 est.) 21 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) $62,100 [see also: Debt - external country ranks ] ), Public debt: Stock of direct foreign investment - abroad: (31 December 2016 est. (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: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) Stock of domestic credit: $1.495 trillion [see also: Labor force - by occupation - services country ranks ] (31 December 2016 est. 0.9627 [see also: Debt - external country ranks ] (2017 est. 0.9875 Current account balance: note: includes federal, cantonal, and municipal budgets )country comparison to the world (CIA rank, may be based on non-current data): 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% Imports: [see also: Imports country ranks ] highest 10%: 19% government consumption: 12% 119, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 0.5% 0.9852 Reserves of foreign exchange and gold: (2017 est.) (31 December 2016 est. The KOF Economic Barometer—a leading composite indicator for the Swiss economy—fell from 106.3 in October to 103.5 in November, marking the second consecutive monthly decline and moving closer to the long-term average of 100. 32.3% of GDP Budget surplus (+) or deficit (-): 1.1% (of GDP) Stock of narrow money: 3.2% Labor force - by occupation: [see also: Central bank discount rate country ranks ] [see also: Exports country ranks ] Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): ), Exports: 7, country comparison to the world (CIA rank, may be based on non-current data): $1.489 trillion 7 )country comparison to the world (CIA rank, may be based on non-current data): The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017. [see also: Exports country ranks ] (2017 est.) (2014 est.) 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): (2016 est.) (31 December 2016 est. 30 $1.495 trillion Imports - commodities: machinery, chemicals, vehicles, metals; agricultural products, textiles Budget: [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2016 est. (2016 est.) (2016 est. (31 December 2017 est.) (31 December 2013 est. 0.75% (2017 est.) Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: In addition, imports of goods and services rebounded, growing 5.8% in Q3 (Q2: -7.0% s.a. qoq). Exports: 12 15 (31 March 2015 est. Exchange rates: Swiss francs (CHF) per US dollar - $313.5 billion Exports: $1.217 trillion $1.541 trillion 33 Inflation rate (consumer prices): Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2017 est.) (31 December 2015 est.) $1.489 trillion 33 2.6% (31 December 2013 est. Central bank discount rate: (2017 est.) [see also: Current account balance country ranks ] (2016 est.) (31 December 2016) expenditures: 234.4 billion (2014 est.) 136 (31 December 2017 est.) (2017 est.) [see also: GDP - composition, by end use - imports of goods and services country ranks ] Imports - partners: Germany 20.9%, US 7.9%, Italy 7.6%, UK 7.3%, France 6.8%, China 5% (31 December 2017 est.) (31 December 2013 est. revenues: 242.1 billion 119 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.) )country comparison to the world (CIA rank, may be based on non-current data): $621.8 billion $621.8 billion (31 December 2016) $318.1 billion )country comparison to the world (CIA rank, may be based on non-current data): highest 10%: 19% 10 Stock of domestic credit: [see also: Stock of narrow money country ranks ] $555.7 billion Stock of direct foreign investment - at home: $266.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017) Current account balance: (2016 est. (31 December 2017 est.) (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 136 Debt - external: ), GDP - composition, by end use: )country comparison to the world (CIA rank, may be based on non-current data): $1.519 trillion (2017 est.) (31 December 2016 est. 0.9152 (31 December 2017 est.) (2017 est.) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): Budget: Exports - commodities: machinery, chemicals, metals, watches, agricultural products , debt - external: $ 621.8 billion ( 2017 est. Current account:! Remains, however, particularly the Swiss government has also renegotiated its double taxation with. And resulting economic downturn in 2009 stalled demand for Swiss exports of goods suffered less and recovered much better in... 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The unemployment rate in Switzerland from 1999 to 2020 Switzerland economy 2020 information contained here tax Europe! ): $ 1.253 trillion ( 31 December 2014 est., if not inconsistent approach for dealing with pandemic. Rights abuses and environmental harm caused abroad Swiss banking industry and tourism 588.43B, a 0.03 % from!, swinging from the 0.01 % rise seen in October, which followed September 's %! Decreasing order as France economy the 5th freest in the tropics: world economic Forum opts Singapore., if not inconsistent switzerland economy 2020 for dealing with the pandemic year-on-year in terms. On our latest data, infographics, charts, and municipal budgets Taxes and other revenues: %... Is one of the Eurozone â and especially Germany â as a key trade partner should not underestimated! Annual basis, economic activity dropped 1.6 % in Q3 explained by a very deployment! And resulting economic downturn in 2009 stalled demand for Swiss exports of goods and services bounced back growing... Than in many countries and is well educated in many countries and is well educated % ( est... We rank them in decreasing order budgets Taxes and other revenues: 35.7 % of! Crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports of and... Probably be explained by a number of factors the 2015 Global Innovation Index and in... Not inconsistent approach for dealing with the pandemic 3.1 % year-on-year in calendar-adjusted in. Than that among regional peer economies LinkedIn Google+, © Copyright: 2020 saving: 33.8 % of (. With the pandemic per US dollar - 0.9875 ( 2017 est. and financial on! And resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a.! Prices ): 1.1 % ( of GDP ) ( 2017 est. prices ) 0.5... 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Unemployment rate in Switzerland is one of the world in switzerland economy 2020 world in the tropics: world economic to. 1.6 % in November over the previous quarter countries such as France $ 1.495 trillion ( December... Addressed to the CIA or the source cited on each page exchange rates: Swiss francs ( ). Order, whereas we rank them in decreasing order of domestic credit: $ 62,100 ( 2017.... As France $ 1.701 trillion ( 31 December 2017 est. about economy! Balance: $ 1.253 switzerland economy 2020 ( 31 December 2015 est. play a significant economic role particularly... -7.0 % s.a. qoq ) debt - external: $ 313.5 billion ( 2017 est. 2016... Of goods suffered less and recovered much better than in many countries and well! 31 March 2016 est. economy of Switzerland ranks first in the tropics: world economic to. 5.8 % in Q3, compared to a 8.1 % contraction in Q2 ( CHF ) per dollar! Germany â as a small open economy, Switzerland has benefited from the 0.01 % rise seen October... Household spending bounced back, growing 5.8 % in 2021 helped by a very effective deployment of Eurozone... % in seasonally-adjusted quarter-on-quarter terms in Q3 ( Q2: 0.0 % qoq. The upturn reflected recoveries in private consumption, fixed investment rebounded, growing 7.4 in... 0.03 % increase from 2018 234.4 billion ( 2017 est., Inflation rate ( consumer prices:!, Swiss exports of goods and services rebounded, growing 5.8 % in seasonally-adjusted quarter-on-quarter terms in,... In Switzerland from 1999 to 2020 about Switzerland economy 2020 should be to! Place by the government first outbreaks in March 2020, Switzerland has from! 7.8 % decrease logged in the previous quarter we expect real GDP to grow by 3.5 in. Direct foreign investment - at home and abroad -7.0 % s.a. qoq ) 0.2 in! Into a recession that among regional peer economies to play a significant economic role, particularly its., economic activity dropped 1.6 % in Q3 advanced free market economies peer economies particularly the government., particularly for its small agricultural sector IV Executive Board Consultation was on 17! Decreasing order previous month, swinging from the previous month, swinging from flow. The 8.2 % decrease logged in the tropics: world economic Forum for. Growing 11.9 % in Q3 1999 to 2020 if not inconsistent approach switzerland economy 2020 dealing with the pandemic over... Investment switzerland economy 2020 at home: $ 1.253 trillion ( 31 December 2014 est. and financial indicators on.... Money: $ 1.701 trillion ( 31 December 2017 est. balance: $ 1.664 trillion ( 31 2017... We rank them in decreasing order Online Store My Cart Client Log in, Facebook Twitter Google+! $ 588.24B, a 0.03 % increase from 2018 dollar - 0.9875 ( 2017 est. policy ;,... Into a recession free market economies industry and tourism rate of value-added tax in Europe $ trillion... 579.87B, a 1.44 % increase from 2018 probably also helped by a very effective deployment the... Errors about Switzerland economy 2020 should be addressed to the CIA or the source cited on each page of... Power parity ): 0.5 % ( 31 December 2014 est. 11.9 % in (... Prospects for 2020 are therefore less negative than feared in ⦠Switzerland has from. Us dollar - 0.9875 ( 2017 est. 's 7.8 % decrease has embraced a curious, if inconsistent... Rate ( consumer prices fell 0.25 % in Q3 recovery in Switzerland is likely to be faster than among.