Countries
Switzerland
Key Economic Indicators
$869.02 billion
$96,498
1.3%
1.06%
4.87%
$936.564 billion (2024 est.)
20 % of GDP
$72.01 billion
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
All Economic Data
Agricultural products
milk, sugar beets, wheat, potatoes, pork, apples, barley, beef, maize, grapes (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
3.5% of household expenditures (2023 est.)
On food:
9% of household expenditures (2023 est.)
Budget
Expenditures:
$152.488 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$153.795 billion (2023 est.)
Currency
code:
CHF
name:
Swiss franc (CHF) [Fr.]
Current account balance
$72.01 billion
Current account balance 2022:
$72.325 billion (2022 est.)
Current account balance 2023:
$47.455 billion (2023 est.)
Current account balance 2024:
$47.162 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Swiss francs (CHF) per US dollar -
Exchange rates 2020:
0.939 (2020 est.)
Exchange rates 2021:
0.914 (2021 est.)
Exchange rates 2022:
0.955 (2022 est.)
Exchange rates 2023:
0.898 (2023 est.)
Exchange rates 2024:
0.88 (2024 est.)
Exports
$675.81 billion
Exports 2022:
$628.737 billion (2022 est.)
Exports 2023:
$654.175 billion (2023 est.)
Exports 2024:
$675.059 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, packaged medicine, vaccines, nitrogen compounds, base metal watches (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Germany 14%, China 12%, USA 11%, Italy 5%, Turkey 5% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$-108,395,568,634
GDP - composition, by end use
Exports of goods and services:
73.3% (2023 est.)
Government consumption:
11.3% (2023 est.)
Household consumption:
51.1% (2023 est.)
Imports of goods and services:
-62% (2023 est.)
Investment in fixed capital:
25.8% (2023 est.)
Investment in inventories:
0.2% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
0.6% (2024 est.)
Industry:
24.7% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
72% (2024 est.)
GDP (official exchange rate)
$936.564 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$103,998
Gini Index coefficient - distribution of family income
33.1 (2018)
Gini Index coefficient - distribution of family income 2021:
33.8 (2021 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$897.37 billion
GNI per capita
$95,220
Gross domestic investment
27 % of GDP
Household income or consumption by percentage share
Highest 10%:
26.6% (2021 est.)
Lowest 10%:
3% (2021 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$580.07 billion
Imports 2022:
$518.002 billion (2022 est.)
Imports 2023:
$556.351 billion (2023 est.)
Imports 2024:
$582.554 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
gold, packaged medicine, vaccines, cars, jewelry (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
Germany 17%, USA 9%, Italy 8%, France 6%, China 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
1.7% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals
Inflation rate (consumer prices)
1.06%
Inflation rate (consumer prices) 2022:
2.8% (2022 est.)
Inflation rate (consumer prices) 2023:
2.1% (2023 est.)
Inflation rate (consumer prices) 2024:
1.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
5.153 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
5.14 million persons
Labor force - by occupation
agriculture:
2.24%
industry:
19.59%
services:
78.17%
Population below poverty line
15.8% (2021 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
20 % of GDP
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2023:
19.9% of GDP (2023 est.)
Real GDP (purchasing power parity)
$869.02 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$726.544 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$731.508 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$741.035 billion (2024 est.)
Real GDP growth rate
1.3%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3% (2022 est.)
Real GDP growth rate 2023:
0.7% (2023 est.)
Real GDP growth rate 2024:
1.3% (2024 est.)
Real GDP per capita
$96,498
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$82,800 (2022 est.)
Real GDP per capita 2023:
$82,300 (2023 est.)
Real GDP per capita 2024:
$82,000 (2024 est.)
Remittances
$3.64 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0.4% of GDP (2022 est.)
Remittances 2023:
0.4% of GDP (2023 est.)
Remittances 2024:
0.4% of GDP (2024 est.)
Reserves of foreign exchange and gold
$909.37 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$923.628 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$863.892 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$909.366 billion (2024 est.)
Revenue (excl grants)
17 % of GDP
Tax revenue
9 % of GDP
Taxes and other revenues
9% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
4.87%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
4.2% (2022 est.)
Unemployment rate 2023:
4.1% (2023 est.)
Unemployment rate 2024:
4.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
7.5% (2024 est.)
Male:
8.3% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
7.9% (2024 est.)
World Bank Indicators
Currency
Swazi lilangeni (SZL) L (2025)
Gini Index
54.60 (2016)
Languages
English, Swazi (2025)
Economic Rankings
Reserves
#3
GDP per Capita
#8
Imports
#15
Exports
#15
GDP (Nominal)
#20
GDP (PPP)
#33
Unemployment Rate
#108
Gini Index
#122
GDP Growth Rate
#152
Inflation Rate
#186
Quick Facts
Industries
machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals
Agricultural products
milk, sugar beets, wheat, potatoes, pork, apples, barley, beef, maize, grapes (2023)
Labor force
5.153 million (2024 est.)
Exports - partners
Germany 14%, China 12%, USA 11%, Italy 5%, Turkey 5% (2023)
Imports - partners
Germany 17%, USA 9%, Italy 8%, France 6%, China 5% (2023)
Exchange rates
Swiss francs (CHF) per US dollar -
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