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Switzerland Economic SituationUnique Geo-Strategic Location and Top Business Environment
Switzerland’s
geo-strategic
position and
a
well-defined
federal
structure
make the
country a
meeting
point of
cultures and
languages.
At the
crossroads
of the
European
technology
axes and
cultures,
Switzerland
is also
equidistant
between
America and
Asia. International Ties
Swiss companies have traditionally sought and cultivated their key markets abroad in order to expand on a relatively small domestic market. Because of this relationship with other countries, Switzerland has become an important player in world trade.
For Swiss companies active in international trade, Europe is by far the most important market. Four-fifths of all imported goods and almost two-thirds of all exported goods are traded with the EU. Germany has traditionally been the most important trading partner with Switzerland, ahead of the neighboring countries of France and Italy. From a worldwide viewpoint, it is amazing that Switzerland, with about 0.01% of the global population, ranks among the top 20 in exports. But, this statistic is also an indicator of the possibilities that are available to export-oriented companies. In the export of services, Switzerland ranks among the top 12 worldwide.
StabilityWith a per capita gross domestic product ranking the forth highest worldwide, Switzerland is a prominent player in the world economy. The strength of the Swiss economy is largely due to its strong intertwining with the economies of other countries. Switzerland has one of the highest export rates as a percentage of gross domestic product. Highly specialized and flexible small and medium-sized companies characterize the technologically advanced industrial sector. |
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