Name: Fiza Shaikh

Reg no: 2211107

Department: BBA 3
Course: Macro-economics
Instructor: Sir Waheed Ali
Economical Overview of Switzerland
Switzerland is one of the world's most competitive economies,
largely thanks to its flourishing service sector. By international
standards public debt in Switzerland is low, and the country has
a competitive tax system. Small-and medium-sized enterprises
are the mainstay of the export-oriented Swiss economy.
Switzerland's comparatively low level of public debt, even
during the COVID-19 pandemic, has been achieved by imposing
a debt brake, i.e. a cap on public spending. The Swiss tax system
reflects the country's federal structure. Competitive corporate
tax rates set by the cantons make Switzerland an attractive
company location. Switzerland has several other distinct
advantages including a well-trained workforce, considerable
innovative capacity, political stability, a high standard of living
and its location at the center of Europe. For all these reasons,
many multinationals are based in Switzerland.
However, SMEs are the lifeblood of the Swiss economy. Many
of these companies are export-driven, so Switzerland habitually
runs a trade surplus.
Over was 3.50% in October of 2023, according to the United States Federal
Reserve. Historically, the United States - Unemployment Rate - of 20 Yrs. & over
reached a record high of 14.20 in April 2020 and a record low of 2.20 in June
1953.
Switzerland's GDP for 2022 was $807.71B, a 0.88% increase from 2021.
Switzerland's GDP for 2021 was $800.64B, a 8.21% increase from 2020.
Switzerland's GDP for 2020 was $739.91B, a 2.57% increase from 2019.
Switzerland's GDP for 2019 was $721.37B, a 0.58% decline from 2018.
Switzerland's Intermediate goods imports were worth US$ 153,148
million, product share of 47.36%
 Exports of goods and services
80

70

60

50

40

30

20

10

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Switzerland's Consumer goods exports were worth US$ 122,073

million, product share of 32.14%.
 Inflation rate
3.5

2.5

1.5

0.5

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
-0.5

-1

-1.5

Basic Info. 20-Year Breakeven Inflation Rate is at 2.61%, compared to

2.68% last month and 2.67% last year. This is higher than the long term
average of 2.22%.