In terms of size, Switzerland is the sixteenth largest export economy in the world and the second most complex economy according to the Economic Complexity Index (ECI). The growth in the economy has remained relative steady on an upwards trajectory. In general, Switzerland exported around $310B and imported around $250B, which resulted in a positive trade balance of around $60B. Yearly, the GDP of Switzerland is around $690B, which is a GDP per capita of around $55k.
The top imports from Switzerland are gold (around $41B), packaged medicaments (around $15B), cars ($10B), jewellery (around $8B) and around refined petroleum ($7B). The top import origins are Germany (around $60B), the United States (around $25B), Italy (around $24B), France (over $15B) and China ($11B).
Importing from Switzerland: What is trade finance?
Switzerland has an efficient market economy. Its standard of living, industrial productivity and quality of education and health care systems are among the highest in Europe. After contracting due to the Eurozone crisis, Swiss growth reached 0.8% in 2015 and 1.3% 2016. According to Swiss State Secretariat for Economic Affairs and the IMF, growth remained at 1% in 2017, lower than initial forecasts (1.3%). Swiss growth also remained below the European average (2.5%) in 2017, for the second time in row (which was a first in 2016 since the creation of euro).
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