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ECON FACTBOOK

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Economy of Switzerland

Population: 8.1 million in 20131

GDP: $650 billion in 20132

GDP per capita: $84,815 nominal ($53,672 PPP3) in 20134

GDP growth rate: 1.9% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities23049.0%
Manufacturing7716.4%
Wholesale, retail trade, restaurants and hotels6113.0%
Transport, storage and communication4810.2%
Construction245.2%
Mining and utilities214.5%
Agriculture, hunting, forestry, fishing81.7%
Total value added469100%

Employment

Unemployment rate: 4.4% in 20137

Employment by Industry 20138
Employment sector Employees (thousands) 2013Percent of total
Human health and social work60213.5%
Manufacturing58113.0%
Wholesale trade, retail trade and repair of motor vehicles57412.9%
Professional, scientific and technical3668.2%
Education3096.9%
Construction2786.2%
Finance and insurance2465.5%
Public administration and defence2204.9%
Transportation and storage1944.3%
Accommodation and food service1713.8%
Agriculture, forestry and fishing1553.5%
Not elsewhere classified1503.4%
Other service1463.3%
Information and communication1413.2%
Administrative and support service1333.0%
Arts, entertainment and recreation601.4%
Real estate431.0%
Activities of households as employers410.9%
Electricity, gas, steam and air conditioning280.6%
Water supply, sewerage and waste management120.3%
Extraterritorial organizations and bodies70.2%
Mining and quarrying30.1%
Total employment4,461100%

Corporations

Top 10 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Glencore204-6.4135Mining
2Nestle919.9119Food processing
3Zurich Insurance Group633.5364Insurance
4Novartis518.1110Pharmaceuticals
5Roche Group4611.261Pharmaceuticals
6ABB372.747Robotics
7Credit Suisse Group372.3859Finance
8UBS343.1995Finance
9Alliance Boots341.129Pharmaceuticals
10Swiss Re323.9187Insurance

* Corporate data calculated using the exchange rate 1.015 CHF = 1 USD

Households

Household Wealth: $3.5 trillion (538% of GDP) in 201410

Household Wealth per Adult: $580,686 in 201410

Gini Coefficient: .287 in 201211

Government

Central Government

Central Government Revenue: $68 billion (10% of GDP) in 2012* 12

Central Government Expenditure: $63 billion (9% of GDP) in 2012* 12

Central Government Budget Balance: +$5 billion (+1% of GDP) in 2012* 12

Central Government Public Debt: $111 billion (17% of GDP) in 2012* 13

Central Government 10 Year Bond Interest Rate: -0.08% on Jan 19, 2013 14

* Revenue, expenditure, budget balance and public debt calculated using the exchange rate 1.015 CHF = 1 USD

Government Funds

N/A

Tax Structure

Personal Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 21.1% in 201416

* Individual thresholds calculated using the exchange rate 1.015 CHF = 1 USD

Monetary Policy

Money Supply (M0): $374 billion (58% of GDP) in Nov 2014* 17

Benchmark Interest Rate: -1.25% to -0.25% on Jan 15, 201518

Total Reserves: $536 billion (82% of GDP) in 201319

Exchange Rate: 1.015 Swiss Francs = 1 U.S. Dollar on Jan 12, 2015

Inflation: -0.2% in 201321

* Money supply calculated using the exchange rate 1.015 CHF = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

RankFinancial InstitutionAssets ($ billions) 12/31/13*
1UBS994
2Credit Suisse859
3Raiffeisen Switzerland173
4Zurich Cantonal Bank147
5Julius Baer Group71
6Banque Cantonale Vaudoise39
7Basler Kantonalbank38
8Luzerner Kantonalbank28
9St. Galler Kantonalbank27
10Berner Kantonalbank26

* Assets calculated using the exchange rate 1.015 CHF = 1 USD

International Accounts

Exports: $229 billion (35% of GDP) in 201323

Imports: $226 billion (35% of GDP) in 201323

Trade Balance: +$3 billion (0% of GDP) in 201323

Foreign Direct Investment Inflow: -$5.3 billion (1% of GDP) in 201324

Foreign Direct Investment Outflow: $60 billion (9% of GDP) in 201324

Foreign Aid Inflow:

Foreign Aid Outflow: $3.2 billion (0.4% of GDP) in 201325

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Swiss National Bank, Monetary statistics (Money supply) Go back
18. Source: Swiss National Bank, Target range (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back