THE ECONOMIC OF SUIZA

Introduction

Introduction

Switzerland was a poor country only 150 years ago. It was an agrarian society and its

economic level was similar to that of Italy, Spain or Portugal.

Despite the fact that Switzerland has virtually no natural resources and is surrounded by

mountains, it is one of the richest countries in the world. Switzerland demonstrates that,

given the right conditions, any country has the ability to prosper. There is a lot of ignorance about the Swiss economy. It is often said that Switzerland is rich

only because it helps hide black money, and it took the gold of many people (including many

Jews and Nazis) after the second world war. Obviously this is absurd. A multitude of

countries throughout history have plundered others and are not prosperous today for this

reason.

SWITZERLAND ECONOMY

Swit

zerland economy

Switzerland is one of the 5 richest countries in the world, and far from the usual topics that flood the network, it is also one of the most egalitarian and democratic. It has one of the best political systems in the world.Its economic and political stability, a transparent legal system, its infrastructure, efficient capital

markets and low tax rates make Switzerland one of the most competitive economies in the world.

The Swiss have largely adapted their economic practices to those of the EU in order to access the

Union's single market and improve the country's international competitiveness. However, some

trade protectionism remains, particularly in its small agricultural sector. The fate of the Swiss

economy is tied to that of its euro zone neighbors, which buy half of Swiss exports.

Economic sectors

economy sectors

The majority of Swiss employees work in the service sector, especially in

commercial and financial centres or in the tourism sector.

The importance of agriculture is declining.

The service sector with its commercial and

financial centres employs most of Switzerland's

working population. Commodity trading occupies

a leading position alongside the banking and

insurance industry.

Tourism is another important branch of the

economy.

Agriculture is relevant to tourism because of its fundamental influence on

shaping landscapes and traditions.

The main branches of the industrial sector are the chemical,

pharmaceutical, mechanical, electrical and metallurgical

industries, which are distinguished by their strong export

orientation. The third export sector is the watch industry,

which achieved worldwide fame thanks to its quality, tradition.

GDP

Switzerland's nominal GDP per capita is higher than that of European economies, second only to that of a few nations.Switzerland has one of the most stable, powerful and modern capitalist economies in the world. The official currency of the country is the Swiss franc (CHF).

main economic activities

Switzerland's most important economic activities are found.

Switzerland is home to some of the world's largest multinational corporations. among these we find companies such as glencore, raw materials and food. such as nestle (food multinational) novartis (pharmaceutical industries) watch groups swatch and richemont.

actiivities economy

free market

Switzerland has a strong commitment to free trade, which is why it has very low tariffs in general. In this regard, although the country does not belong to the European Union, it has several free trade agreements, and is economically highly integrated with the European Union. Switzerland belongs to the European Free Trade Association which includes Iceland, Norway and Liechtenstein, which in turn has a free trade agreement with the European Union. Switzerland is also very open for foreign direct investment, and many citizens of the European Union work in Switzerland.

fre market

low taxes

low taxez

The percentage of personal income tax and social security contributions paid on wages in Switzerland is among the lowest of Western industrialized countries, according to an OECD survey. However, Swiss statistics need to be contextualized.

Workers in Switzerland have more pay left at the end of the month than employees in most other Western industrialized countries. This is one of the findings of the flagship annual publication of the Organization for Economic Co-operation and Development (OECD) regarding taxes paid on wages in 35 country.

Rosa Marleny Fuentes Diaz

Ana Yaquelyn Landaverde

Daysi Alexa Valle Villeda

Roxana Elizabeth Melara

Samuel Solis

Adrea Vanesa Recinos Lemuz

Integrated