Year after year Switzerland has been demonstrating high economic development rates among other European countries and does not only provide a broad range of services and products, but strengthens its position on the global market annually. Economic stability, a high employment rate, as well as a corresponding high quality of life in the country make it one of the most attractive and desirable places not only for business, but for life in general.
According to the Federal Statistical Office, by the end of the first quarter of 2014 the total population of Switzerland was 8,160,866, including 1,952,016 foreigners, i.e., 23.9%.
The number of employed population is 4,778,700 people (59.5%), including 1,365,834 (28.6%) foreigners.
The geographic location of Switzerland makes it well suited to the development of such economic branches as tourism, but even taking into account the lack of large land plots or rich natural resources, the country’s agriculture and industries are competitive.
Service provision remains the principal activity in Switzerland. It employs 3,046,100 people (71.6%).
In general, the country has the following employment structure:
The industrial sector in Switzerland includes the following industries (the percentage of people employed in various industries is also presented here):
In addition to the above-mentioned data, one should not forget about the respective taxes, the level of which (%) is presented in the next table:
The aggregated tax specified above included federal, cantonal and community taxes, as well as a church tax (which must be paid by legal entities as well).
As of 2012, the following cantons had the lowest tax level: Zug (2.0%, 4.36%, 10.51% respectively) and Schwyz (3.92%, 7.06%, 12.94% respectively).
As far as investments are concerned, in 2011 the largest share of money came to Switzerland from Europe and, correspondingly, most of funds from Switzerland were invested into other European countries. More detailed information is presented in the diagram below:
At the end of 2012 the general financial situation in the country was as follows (in billions of CHF):
|Direct investments||1`035.2||Direct investments||610.1|
|Portfolio investments||1‘084.6||Portfolio investments||763.5|
|Other assets||952.6||Other liabilities||1‘286.6|
|Hard currency reserve||485.0|
Switzerland has always been and still remains the country with one of the highest life quality standards. The neutral policy of the country was and is a wonderful basis for the development of its modern economy. Today Switzerland is listed among the top ten countries of the world by the level of economic competitiveness, which has close ties with the outside world, mostly with the EU countries, in terms of production cooperation and international trade transactions. In 2014 Switzerland was still considered to be one of the most developed and richest countries in the world.