The country’s strong economy … Its population is healthier than in many countries and is well educated. Economic freedom is well established and institutionalized in Switzerland.

This contributes to high employment rates and narrow wage differentials. Switzerland Economic Growth The economy is expected to shrink significantly this year: Falling income and rising unemployment will suppress consumer spending, while contracting investment will weigh further on overall activity. Page last updated on January 27, 2020 Economy - overview: Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland has low unemployment, a skilled labor force and one of the highest gross domestic products per capita in the world, according to the CIA World Factbook. The economy slowed sharply in 2019, to just 0.9%, and we expect a sharp economic contraction in 2020 owing to the global outbreak of the novel coronavirus. OECD Economic Surveys: Switzerland 2019 Publication (2019) International Trade by Commodity Statistics, Volume 2019 Issue 1 Publication (2019) Energy Policies of IEA Countries: Switzerland 2018 Publication (2018) 4 November 2019 - Economic Survey of Switzerland Switzerland’s living standards remain high.