{ "Introduction": { "Background": { "text": "
The Swiss Confederation was founded in 1291 as a defensive alliance among three cantons. In succeeding years, other localities joined the original three. The Swiss Confederation secured its independence from the Holy Roman Empire in 1499. A constitution of 1848, subsequently modified in 1874 to allow voters to introduce referenda on proposed laws, replaced the confederation with a centralized federal government. Switzerland's sovereignty and neutrality have long been honored by the major European powers, and the country was not involved in either of the two world wars. The political and economic integration of Europe over the past half century, as well as Switzerland's role in many UN and international organizations, has strengthened Switzerland's ties with its neighbors. However, the country did not officially become a UN member until 2002. Switzerland remains active in many UN and international organizations but retains a strong commitment to neutrality.
" } }, "Geography": { "Location": { "text": "Central Europe, east of France, north of Italy" }, "Geographic coordinates": { "text": "47 00 N, 8 00 E" }, "Map references": { "text": "Europe" }, "Area": { "total": { "text": "41,277 sq km" }, "land": { "text": "39,997 sq km" }, "water": { "text": "1,280 sq km" } }, "Area - comparative": { "text": "slightly less than twice the size of New Jersey" }, "Land boundaries": { "total": { "text": "1,770 km" }, "border countries": { "text": "Austria 158 km; France 525 km; Italy 698 km; Liechtenstein 41 km; Germany 348 km" } }, "Coastline": { "text": "0 km (landlocked)" }, "Maritime claims": { "text": "none (landlocked)" }, "Climate": { "text": "temperate, but varies with altitude; cold, cloudy, rainy/snowy winters; cool to warm, cloudy, humid summers with occasional showers" }, "Terrain": { "text": "mostly mountains (Alps in south, Jura in northwest) with a central plateau of rolling hills, plains, and large lakes" }, "Elevation": { "highest point": { "text": "Dufourspitze 4,634 m" }, "lowest point": { "text": "Lake Maggiore 195 m" }, "mean elevation": { "text": "1,350 m" } }, "Natural resources": { "text": "hydropower potential, timber, salt" }, "Land use": { "agricultural land": { "text": "38.7% (2018 est.)" }, "agricultural land: arable land": { "text": "arable land: 10.2% (2018 est.)" }, "agricultural land: permanent crops": { "text": "permanent crops: 0.6% (2018 est.)" }, "agricultural land: permanent pasture": { "text": "permanent pasture: 27.9% (2018 est.)" }, "forest": { "text": "31.5% (2018 est.)" }, "other": { "text": "29.8% (2018 est.)" } }, "Irrigated land": { "text": "630 sq km (2012)" }, "Major lakes (area sq km)": { "Fresh water lake(s)": { "text": "Lake Constance (shared with Germany and Austria) - 540 sq km; Lake Geneva (shared with France) - 580 sq km" } }, "Major rivers (by length in km)": { "text": "Rhine river source (shared with Germany, France, and Netherlands [m]) - 1,233 km
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. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies.
The Swiss have brought their economic practices largely into conformity with the EU's to gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with economic instability in Russia and other Eastern European economies drove up demand for the Swiss franc by investors seeking a safehaven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017.
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. The Swiss Government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards.
" }, "Real GDP (purchasing power parity)": { "Real GDP (purchasing power parity) 2020": { "text": "$590.71 billion note: data are in 2017 dollars (2020 est.)" }, "Real GDP (purchasing power parity) 2019": { "text": "$608.16 billion note: data are in 2017 dollars (2019 est.)" }, "Real GDP (purchasing power parity) 2018": { "text": "$601.65 billion note: data are in 2017 dollars (2018 est.)" }, "note": "note: data are in 2010 dollars" }, "Real GDP growth rate": { "Real GDP growth rate 2019": { "text": "1.11% (2019 est.)" }, "Real GDP growth rate 2018": { "text": "3.04% (2018 est.)" }, "Real GDP growth rate 2017": { "text": "1.65% (2017 est.)" } }, "Real GDP per capita": { "Real GDP per capita 2020": { "text": "$68,400 note: data are in 2017 dollars (2020 est.)" }, "Real GDP per capita 2019": { "text": "$70,900 note: data are in 2017 dollars (2019 est.)" }, "Real GDP per capita 2018": { "text": "$70,700 note: data are in 2017 dollars (2018 est.)" }, "note": "note: data are in 2010 dollars" }, "GDP (official exchange rate)": { "text": "$731.502 billion (2019 est.)" }, "Inflation rate (consumer prices)": { "Inflation rate (consumer prices) 2019": { "text": "0.3% (2019 est.)" }, "Inflation rate (consumer prices) 2018": { "text": "0.9% (2018 est.)" }, "Inflation rate (consumer prices) 2017": { "text": "0.5% (2017 est.)" } }, "Credit ratings": { "Fitch rating": { "text": "AAA (2000)" }, "Moody's rating": { "text": "Aaa (1982)" }, "Standard & Poors rating": { "text": "AAA (1988)" } }, "GDP - composition, by sector of origin": { "agriculture": { "text": "0.7% (2017 est.)" }, "industry": { "text": "25.6% (2017 est.)" }, "services": { "text": "73.7% (2017 est.)" } }, "GDP - composition, by end use": { "household consumption": { "text": "53.7% (2017 est.)" }, "government consumption": { "text": "12% (2017 est.)" }, "investment in fixed capital": { "text": "24.5% (2017 est.)" }, "investment in inventories": { "text": "-1.4% (2017 est.)" }, "exports of goods and services": { "text": "65.1% (2017 est.)" }, "imports of goods and services": { "text": "-54% (2017 est.)" } }, "Agricultural products": { "text": "milk, sugar beet, wheat, potatoes, pork, barley, apples, maize, beef, grapes" }, "Industries": { "text": "machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals" }, "Industrial production growth rate": { "text": "3.4% (2017 est.)" }, "Labor force": { "text": "5.067 million (2020 est.)" }, "Labor force - by occupation": { "agriculture": { "text": "3.3%" }, "industry": { "text": "19.8%" }, "services": { "text": "76.9% (2015)" } }, "Unemployment rate": { "Unemployment rate 2019": { "text": "2.31% (2019 est.)" }, "Unemployment rate 2018": { "text": "2.55% (2018 est.)" } }, "Unemployment, youth ages 15-24": { "total": { "text": "8.6%" }, "male": { "text": "9.2%" }, "female": { "text": "8% (2020 est.)" } }, "Population below poverty line": { "text": "16% (2018 est.)" }, "Gini Index coefficient - distribution of family income": { "Gini Index coefficient - distribution of family income 2017": { "text": "32.7 (2017 est.)" }, "Gini Index coefficient - distribution of family income 1992": { "text": "33.1 (1992)" } }, "Household income or consumption by percentage share": { "lowest 10%": { "text": "7.5%" }, "highest 10%": { "text": "19% (2007)" } }, "Budget": { "revenues": { "text": "242.1 billion (2017 est.)" }, "expenditures": { "text": "234.4 billion (2017 est.)" }, "note": "note: includes federal, cantonal, and municipal budgets" }, "Budget surplus (+) or deficit (-)": { "text": "1.1% (of GDP) (2017 est.)" }, "Public debt": { "Public debt 2017": { "text": "41.8% of GDP (2017 est.)" }, "Public debt 2016": { "text": "41.8% of GDP (2016 est.)" }, "note": "note: general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options" }, "Taxes and other revenues": { "text": "35.7% (of GDP) (2017 est.)" }, "Fiscal year": { "text": "calendar year" }, "Current account balance": { "Current account balance 2019": { "text": "$79.937 billion (2019 est.)" }, "Current account balance 2018": { "text": "$63.273 billion (2018 est.)" } }, "Exports": { "Exports 2020": { "text": "$470.91 billion note: data are in current year dollars (2020 est.)" }, "Exports 2019": { "text": "$478.34 billion note: data are in current year dollars (2019 est.)" }, "Exports 2018": { "text": "$482.58 billion note: data are in current year dollars (2018 est.)" }, "note": "note: trade data exclude trade with Switzerland" }, "Exports - partners": { "text": "Germany 16%, United States 14%, United Kingdom 8%, China 7%, France 6%, India 6%, Italy 5% (2019)" }, "Exports - commodities": { "text": "gold, packaged medicines, medical cultures/vaccines, watches, jewelry (2019)" }, "Imports": { "Imports 2020": { "text": "$401.91 billion note: data are in current year dollars (2020 est.)" }, "Imports 2019": { "text": "$394 billion note: data are in current year dollars (2019 est.)" }, "Imports 2018": { "text": "$395.86 billion note: data are in current year dollars (2018 est.)" } }, "Imports - partners": { "text": "Germany 21%, Italy 8%, United States 6%, France 6%, United Kingdom 5%, United Arab Emirates 5% (2019)" }, "Imports - commodities": { "text": "gold, packaged medicines, jewelry, cars, medical cultures/vaccines (2019)" }, "Reserves of foreign exchange and gold": { "Reserves of foreign exchange and gold 31 December 2017": { "text": "$811.2 billion (31 December 2017 est.)" }, "Reserves of foreign exchange and gold 31 December 2016": { "text": "$679.3 billion (31 December 2016 est.)" } }, "Debt - external": { "Debt - external 2019": { "text": "$1,909,446,000,000 (2019 est.)" }, "Debt - external 2018": { "text": "$1,930,819,000,000 (2018 est.)" } }, "Exchange rates": { "currency": { "text": "Swiss francs (CHF) per US dollar -" }, "Exchange rates 2020": { "text": "0.88995 (2020 est.)" }, "Exchange rates 2019": { "text": "0.98835 (2019 est.)" }, "Exchange rates 2018": { "text": "0.99195 (2018 est.)" }, "Exchange rates 2014": { "text": "0.9627 (2014 est.)" }, "Exchange rates 2013": { "text": "0.9152 (2013 est.)" } } }, "Energy": { "Electricity access": { "electrification - total population": { "text": "100% (2020)" } }, "Electricity - production": { "text": "59.01 billion kWh (2016 est.)" }, "Electricity - consumption": { "text": "58.46 billion kWh (2016 est.)" }, "Electricity - exports": { "text": "30.17 billion kWh (2016 est.)" }, "Electricity - imports": { "text": "34.1 billion kWh (2016 est.)" }, "Electricity - installed generating capacity": { "text": "20.84 million kW (2016 est.)" }, "Electricity - from fossil fuels": { "text": "3% of total installed capacity (2016 est.)" }, "Electricity - from nuclear fuels": { "text": "18% of total installed capacity (2017 est.)" }, "Electricity - from hydroelectric plants": { "text": "67% of total installed capacity (2017 est.)" }, "Electricity - from other renewable sources": { "text": "13% of total installed capacity (2017 est.)" }, "Crude oil - production": { "text": "0 bbl/day (2018 est.)" }, "Crude oil - exports": { "text": "0 bbl/day (2017 est.)" }, "Crude oil - imports": { "text": "57,400 bbl/day (2017 est.)" }, "Crude oil - proved reserves": { "text": "0 bbl (1 January 2018 est.)" }, "Refined petroleum products - production": { "text": "61,550 bbl/day (2017 est.)" }, "Refined petroleum products - consumption": { "text": "223,900 bbl/day (2017 est.)" }, "Refined petroleum products - exports": { "text": "7,345 bbl/day (2017 est.)" }, "Refined petroleum products - imports": { "text": "165,100 bbl/day (2017 est.)" }, "Natural gas - production": { "text": "0 cu m (2017 est.)" }, "Natural gas - consumption": { "text": "3.709 billion cu m (2017 est.)" }, "Natural gas - exports": { "text": "0 cu m (2017 est.)" }, "Natural gas - imports": { "text": "3.681 billion cu m (2017 est.)" }, "Natural gas - proved reserves": { "text": "NA cu m (1 January 2011 est.)" } }, "Communications": { "Telephones - fixed lines": { "total subscriptions": { "text": "2.952 million (2020)" }, "subscriptions per 100 inhabitants": { "text": "34.11 (2020 est.)" } }, "Telephones - mobile cellular": { "total subscriptions": { "text": "10.9 million (2020)" }, "subscriptions per 100 inhabitants": { "text": "125.9 (2020 est.)" } }, "Telecommunication systems": { "general assessment": { "text": "Switzerland emerged as a European leader for 1Gb/s fiber broadband, complemented by 5G to 97% of the population; competitive market buttressed by regulator assurances of 5G-compatible network infrastructure; although not a member of the EU, Switzerland follows the EU's telecom framework and regulations; Zurich is being developed as a smart city (2020)" }, "domestic": { "text": "fixed-line over 34 per 100 and mobile-cellular subscribership roughly 126 per 100 persons; extensive cable and microwave radio relay networks (2020)" }, "international": { "text": "country code - 41; satellite earth stations - 2 Intelsat (Atlantic Ocean and Indian Ocean)" }, "note": "note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced downturn, particularly in mobile device production; many network operators delayed upgrades to infrastructure; progress towards 5G implementation was postponed or slowed in some countries; consumer spending on telecom services and devices was affected by large-scale job losses and the consequent restriction on disposable incomes; the crucial nature of telecom services as a tool for work and school from home became evident, and received some support from governments" }, "Broadcast media": { "text": "the publicly owned radio and TV broadcaster, Swiss Broadcasting Corporation (SRG/SSR), operates 8 national TV networks, 3 broadcasting in German, 3 in French, and 2 in Italian; private commercial TV stations broadcast regionally and locally; TV broadcasts from stations in Germany, Italy, and France are widely available via multi-channel cable and satellite TV services; SRG/SSR operates 17 radio stations that, along with private broadcasters, provide national to local coverage )
(2019)" }, "Internet country code": { "text": ".ch" }, "Internet users": { "total": { "text": "8.42 million (2021 est.)" }, "percent of population": { "text": "93.15% (2019 est.)" } }, "Broadband - fixed subscriptions": { "total": { "text": "4.023 million (2020)" }, "subscriptions per 100 inhabitants": { "text": "46.48 (2020 est.)" } } }, "Transportation": { "National air transport system": { "number of registered air carriers": { "text": "6 (2020)" }, "inventory of registered aircraft operated by air carriers": { "text": "179" }, "annual passenger traffic on registered air carriers": { "text": "28,857,994 (2018)" }, "annual freight traffic on registered air carriers": { "text": "1,841,310,000 mt-km (2018)" } }, "Civil aircraft registration country code prefix": { "text": "HB" }, "Airports": { "total": { "text": "63 (2013)" } }, "Airports - with paved runways": { "total": { "text": "40" }, "over 3,047 m": { "text": "3" }, "2,438 to 3,047 m": { "text": "2" }, "1,524 to 2,437 m": { "text": "12" }, "914 to 1,523 m": { "text": "6" }, "under 914 m": { "text": "17 (2013)" } }, "Airports - with unpaved runways": { "total": { "text": "23" }, "under 914 m": { "text": "23 (2013)" } }, "Heliports": { "text": "2 (2013)" }, "Pipelines": { "text": "1,800 km gas, 94 km oil (of which 60 are inactive), 17 km refined products (2017)" }, "Railways": { "total": { "text": "5,690 km (includes 19 km in neighboring countries) (2015)" }, "standard gauge": { "text": "3,836 km 1.435-m gauge (3,634 km electrified) (2015)" }, "narrow gauge": { "text": "1,630 km 1.200-m gauge (2 km electrified) (includes 19 km in neighboring countries) (2015)" }, "note": "1188 km 1.000-m gauge (1,167.3 km electrified)Switzerland has long maintained a policy of military neutrality, but does occasionally participate in EU, NATO, Organization for Security and Cooperation in Europe (OSCE), and UN military operations; Swiss law excludes participation in combat operations for peace enforcement, and Swiss units will only participate in operations under the mandate of the UN or OSCE; Switzerland joined NATO’s Partnership for Peace program in 1996; it contributed to the NATO-led Kosovo peace-support force (KFOR) in 1999 and as of 2021, continued doing so with about 165 personnel; Switzerland also provided a small number of staff officers to the NATO mission in Afghanistan from 2004-2007
" } }, "Terrorism": { "Terrorist group(s)": { "text": "Islamic State of Iraq and ash-Sham (ISIS)", "note": "note: details about the history, aims, leadership, organization, areas of operation, tactics, targets, weapons, size, and sources of support of the group(s) appear(s) in Appendix-T" } }, "Transnational Issues": { "Disputes - international": { "text": "none
" }, "Refugees and internally displaced persons": { "refugees (country of origin)": { "text": "38,219 (Eritrea), 20,043 (Syria), 14,649 (Afghanistan), 6,069 (Sri Lanka), 6,197 (Turkey) (mid-year 2021)" }, "stateless persons": { "text": "684 (mid-year 2021)" } }, "Illicit drugs": { "text": "major source of precursor chemicals used in the production of illicit narcotics; a significant importer and exporter of ephedrine and pseudoephedrine" } } }