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Fundaments of Swiss Franc - CHF
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Location
Area
Major Stock Exchanges
Central Bank |
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| Switzerland Economic Data | ||
POPULATION (2008) SWISS FRANC CENTRAL BANK RATE INFLATION RATE REAL GDP UNEMPLOYMENT RATE BALANCE OF TRADE SWITZERLAND STOCK EXCHANGE - SWX ECONOMIC NEWS ECONOMIC CALENDAR |
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| Economy | ||
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 safe haven 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.
Agriculture Products Fruits, grains, vegetables ; meat, eggs.
Industries Chemicals, machinery, textiles, watches, tourism, precision instruments, banking, and insurance.
Exports Commodities Chemicals, machinery, metals, watches, agricultural products Exports Partners US 11.1%, Germany 19.7%, Italy 8.8%, France 8.6%, UK 4.8% (2006)
Imports Commodities Chemicals, machinery, vehicles, metals; agricultural products, textiles. Imports Partners US 6.2%, Germany 31.7%, Italy 10.6%, France 10%, Netherlands 4.7%, Austria 4.3% (2006) |
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