Economy Of Switzerland - Switzerland Information

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Economy Of Switzerland
Switzerland Information - Country Guides

Economy overview	Switzerland is a 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 dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003.
GDP	purchasing power parity - $239.3 billion (2004 est.)
GDP - real growth rate	-0.5% (2004 est.)
GDP - per capita	purchasing power parity - $32,700 (2004 est.)
GDP - composition by sector	agriculture: 1.5% industry: 34% services: 64.5% (2003 est.)
Investment gross fixed	20.1% of GDP (2004 est.)
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: 2.6% highest 10%: 25.2% (1992)
Distribution of family income - Gini index	33.1 (1992)
Inflation rate consumer prices	0.6% (2004 est.)
Labor force	3.72 million (2004 est.)
Labor force by occupation	agriculture 4.6%, industry 26.3%, services 69.1% (1998)
Unemployment rate	3.7% (2004 est.)
Budget	revenues: $123.2 billion expenditures: $128 billion, including capital expenditures of na (2004 est.)
Public debt	57.1% of GDP (2004 est.)
Agriculture products	grains, fruits, vegetables; meat, eggs
Industries	machinery, chemicals, watches, textiles, precision instruments
Industrial production growth rate	0.4% (2004 est.)
Electricity production	68.68 billion kWh (2001)
Electricity production by source	fossil fuel: 1.3% hydro: 59.5% other: 2% (2001) nuclear: 37.1%
Electricity consumption	53.43 billion kWh (2001)
Electricity exports	34.54 billion kWh (2001)
Electricity imports	24.1 billion kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	290,400 bbl/day (2001 est.)
Oil exports	10,420 bbl/day (2001)
Oil imports	289,500 bbl/day (2001)
Oil proved reserves
Natural gas production	0 cu m (2001 est.)
Natural gas consumption	3.093 billion cu m (2001 est.)
Natural gas exports	0 cu m (2001 est.)
Natural gas imports	3.093 billion cu m (2001 est.)
Natural gas proved reserves
Current account balance	$36 billion (2004 est.)
Exports	$110 billion f.o.b. (2004 est.)
Exports commodities	machinery, chemicals, metals, watches, agricultural products
Exports partners	Germany 20.8%, US 11.3%, France 8.7%, Italy 8.3%, UK 4.9%, Japan 4% (2003)
Imports	$102.2 billion f.o.b. (2003 est.)
Imports commodities	machinery, chemicals, vehicles, metals; agricultural products, textiles
Imports partners	Germany 32.3%, France 10.8%, Italy 10.7%, US 5.5%, Netherlands 5%, Austria 4.2%, UK 4.1% (2003)
Reserves of foreign exchange gold	$69.58 billion (2003)
Debt external	NA (2000)
Economic aid recipient
Currency	Swiss franc (CHF)
Currency code	CHF
Exchange rates	Swiss francs per US dollar - 1.3467 (2003), 1.5586 (2002), 1.6876 (2001), 1.6888 (2000), 1.5022 (1999)
Fiscal year	calendar year

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Economy Of SwitzerlandSwitzerland Information - Country Guides

Economy Of Switzerland
Switzerland Information - Country Guides