What kind of economy does switzerland have

Switzerland is a tiny country with a small population located right in the heart of Europe. However, even with this size of the population including immigrants, many Swiss cities have managed to be on the list of must-visit places in the world.

One of the main reasons is that Switzerland has one of the most stable and competitive economies in the world. This is thanks to its political stability and neutrality, well-constructed and transparent legal system, low taxes and of course, the Swiss Franc. This stability attracts investors from all over the world. This makes banking and finance the main sectors supporting the Swiss economy.

One Swiss franc is equal to centimes. Start of page Last update Population The main driver of demographic growth in Switzerland over the last few decades has been migration. Major events Throughout the year, Switzerland hosts hundreds of festivals and sporting, cultural and political events.

Language Switzerland's national languages are German, French, Italian and Romansh — a multilingualism lived out in practice. Traditions Traditions and customs are an integral part of everyday life in Switzerland. Religion Switzerland is a Christian country. Swiss cuisine Swiss cuisine is as varied as its landscape — and yet you'll still find bread and cheese everywhere. Culture Thanks to its location at the crossroads of three major European cultures German, French and Italian , Switzerland has a rich and varied arts and culture scene.

Sport and leisure The Swiss are keen sports enthusiasts, especially outdoor pursuits. Political system In the Swiss federal state, direct democracy and the federal system ensure individual autonomy as well as cohesion. Switzerland and the World Switzerland pursues an active foreign policy. The History of Switzerland From loose pile-dwelling settlements to the modern federal Swiss state: key periods. Swiss economy — Overview One of the most competitive economies in the world at a glance: facts, figures and articles on business, exports, taxes and public finance.

Telecommunications Switzerland's ultra-modern radio and television, mobile, fixed network and broadband infrastructure makes it a highly attractive location for businesses.

Energy The Federal Council is pursuing plans to free Switzerland from reliance on imported, non-renewable energy. In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion.

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.

This is particularly difficult because most people do not like to talk about it, at least here in Switzerland. Of course, the actual salary depends on the education, the position within the company or organization, the duration of the employment etc. The following table is a very rough approximation of a yearly income depending on the level of education:. If you are not familiar with our metric unit system, see explanations about metric versus U.

No Goods Import No Goods Export 1 Chemicals 27' 1 Chemicals 44' 2 Machines 25' 2 Machines 31' 3 Vehicles 12' 3 Precision tools, watches, jewelry 22' 4 Agriculture and fishery 9' 4 Agriculture and fishery 4' 5 Metals 9' 5 Vehicles 3' 6 Textile, clothing and shoes 8' 6 Textile, clothing and shoes 3' 7 Precision tools, watches, jewelry 8' 7 Leather, rubber, plastic 3' 8 Energy 5' 8 Paper 3' 9 Paper 4' 9 Other 1' 10 Other 4' 10 Metals 11 Leather, rubber, plastic 4' 11 Stone, soil 12 Stone, soil 2' 12 Energy The currency is available in the following bills: 10 Franken images of current, previous and older bills 20 Franken images of current, previous and older bill 50 Franken images of current and previous bill Franken images of current, previous and older bills Franken images of current and previous bill Franken images of current and previous bill To convert currency, we suggest the oanda online currency converter.

Gasoline 1 liter 1. Cigarettes 1 pack 5.