Switzerland
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About Switzerland
Switzerland is located in Central Europe, east of France and north of Italy, with a landscape dominated by the Alps in the south, the Jura Mountains in the northwest, and a central plateau of rolling hills, plains, and large lakes. The climate is temperate but varies with altitude, featuring cold, cloudy, rainy winters and cool to warm, humid summers with occasional showers. Bern serves as the capital, and Switzerland has a population of approximately 8.93 million people who speak German, French, Italian, and Romansh as official languages.
Switzerland has a high-income, non-EU European economy that ranks among the top ten globally in GDP per capita and is renowned as a banking and financial hub. Key industries include machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, and pharmaceuticals. The country’s natural resources are limited to hydropower potential, timber, and salt. Switzerland has a highly skilled workforce, low unemployment, and is recognized as a leader in innovation and competitiveness indices.
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Economic Overview
high-income, non-EU European economy; top ten in GDP per capita; renowned banking and financial hub; low unemployment and inflation; slowed GDP growth post-pandemic; highly skilled but aging workforce; key pharmaceutical and precision manufacturing exporter; leader in innovation and competitiveness indices
