Switzerland Economy

Based on international trade and banking, Switzerland’s economy is highly successful. The country’s standard of living, worker productivity, the quality of its education and health care systems are higher than any other European country. As well as this it has low inflation, and unemployment is almost negligible.

Temporary foreign workers represent approximately 20% of the labour force. Less than 5% of the population work in agriculture; the primary agricultural products are cattle and dairy goods. A lot of food and raw materials must be imported since mineral resources are scarce. Tourism is extremely important; it adds significantly to the economy and helps to balance Switzerland's trade deficit.

Switzerland is famous for its export manufactures such as motors, generators, turbines, and diverse high-tech products as well as chemical-pharmaceutical products. There is an enormous amount of international trade which passes through Switzerland, via its banking, insurance, shipping, and freighting industries.

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