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    Switzerland Economy - 2004
    https://immigration-usa.com/wfb2004/switzerland/switzerland_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Switzerland is a prosperous and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003.

      GDP:
      purchasing power parity - $239.8 billion (2003 est.)

      GDP - real growth rate:
      -0.3% (2003 est.)

      GDP - per capita:
      purchasing power parity - $32,800 (2003 est.)

      GDP - composition by sector:
      agriculture: 1.5%
      industry: 34%
      services: 64.5% (2003 est.)

      Population below poverty line:
      NA% (2000)

      Household income or consumption by percentage share:
      lowest 10%: 2.6%
      highest 10%: 25.2% (1992)

      Distribution of family income - Gini index:
      33.1 (1992)

      Inflation rate (consumer prices):
      0.5% (2003 est.)

      Labor force:
      4 million (2001)

      Labor force - by occupation:
      services 69.1%, industry 26.3%, agriculture 4.6% (1998)

      Unemployment rate:
      3.9% (2003 est.)

      Budget:
      revenues: $30 billion
      expenditures: $30 billion, including capital expenditures of $NA (2001 est.)

      Industries:
      machinery, chemicals, watches, textiles, precision instruments

      Industrial production growth rate:
      3.2% (2001)

      Electricity - production:
      68.68 billion kWh (2001)

      Electricity - production by source:
      fossil fuel: 1.3%
      hydro: 59.5%
      other: 2% (2001)
      nuclear: 37.1%

      Electricity - consumption:
      53.43 billion kWh (2001)

      Electricity - exports:
      34.54 billion kWh (2001)

      Electricity - imports:
      24.1 billion kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      290,400 bbl/day (2001 est.)

      Oil - exports:
      10,420 bbl/day (2001)

      Oil - imports:
      289,500 bbl/day (2001)

      Natural gas - production:
      0 cu m (2001 est.)

      Natural gas - consumption:
      3.093 billion cu m (2001 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      3.093 billion cu m (2001 est.)

      Agriculture - products:
      grains, fruits, vegetables; meat, eggs

      Exports:
      $110 billion f.o.b. (2003 est.)

      Exports - commodities:
      machinery, chemicals, metals, watches, agricultural products

      Exports - partners:
      Germany 20.4%, US 11.9%, France 9.1%, Italy 8.2%, UK 5.1% (2002)

      Imports:
      $102.2 billion f.o.b. (2003 est.)

      Imports - commodities:
      machinery, chemicals, vehicles, metals; agricultural products, textiles

      Imports - partners:
      Germany 31.4%, Italy 10.3%, France 10%, US 6.6%, Netherlands 5.1%, UK 4.9%, Austria 4.1% (2002)

      Debt - external:
      $NA (2000)

      Economic aid - donor:
      ODA, $1.1 billion (1995)

      Currency:
      Swiss franc (CHF)

      Currency code:
      CHF

      Exchange rates:
      Swiss francs per US dollar - 1.35 (2003), 1.56 (2002), 1.69 (2001), 1.69 (2000), 1.5 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Switzerland on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Switzerland Economy 2004 information contained here. All suggestions for corrections of any errors about Switzerland Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/switzerland/switzerland_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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