This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of Switzerland were reviewed by the Committee on 5 October 2017. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 19 October 2017.

The Secretariat’s draft report was prepared for the Committee by Christine Lewis, Patrice Ollivaud and Petar Vujanovic under the supervision of Peter Jarrett. The survey also benefited from contributions from Christian Hepenstrick, seconded from the Swiss National Bank. Research assistance was provided by Klaus Pedersen and Anne Legendre. Editorial assistance was provided by Elisabetta Pilati.

The previous Survey of Switzerland was issued in December 2015.

  
Basic statistics of Switzerland, 2016
(Numbers in parenthesis refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE

Population (million)

8.4

Population density per km2

198.1

(35.3)

 Under 15 (%)

14.8

(18.0)

Life expectancy (years, 2015)

83.0

(80.7)

 Over 65 (%)

18.0

(16.5)

 Men

80.8

(78.1)

 Foreign-born (%, 2015)

29.0

 Women

85.1

(83.3)

Latest 5-year average growth (%)

1.2

(0.6)

Latest general election

October 2015

ECONOMY

Gross domestic product (GDP)

Value added shares (%)

 In current prices (billion USD)

669.2

 Primary sector

0.7

(2.5)

 In current prices (billion CHF)

659.2

 Industry including construction

26.0

(26.6)

 Latest 5-year average real growth (%)

1.7

(1.9)

 Services

73.2

(70.4)

 Per capita (000 USD PPP)

64.1

(42.1)

GENERAL GOVERNMENT

Per cent of GDP

Expenditure

34.3

(41.5)

Gross financial debt (2015)

44.8

(108.4)

Revenue

34.6

(38.6)

Net financial debt (2015)

5.9

(69.9)

EXTERNAL ACCOUNTS

Exchange rate (CHF per USD)

0.985

Main exports (% of total merchandise exports)

PPP exchange rate (USA = 1)

1.221

 Chemicals and related products, n.e.s.

31.5

In per cent of GDP

 Commodities and transactions, n.e.s.

28.1

 Exports of goods and services

65.8

(53.5)

 Miscellaneous manufactured articles

17.9

 Imports of goods and services

50.6

(49.4)

Main imports (% of total merchandise imports)

 Current account balance

9.8

(0.2)

 Commodities and transactions, n.e.s.

31.7

 Net international investment position

125.4

 Machinery and transport equipment

18.7

 Chemicals and related products, n.e.s.

17.2

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate for 15-64 year-olds (%)

79.6

(66.9)

Unemployment rate, Labour Force Survey (age 15 and over, %)

4.9

(6.3)

 Men

83.7

(74.7)

 Youth (age 15-24, %)

8.6

(13.0)

 Women

75.4

(59.2)

 Long-term unemployed (1 year and over, %)

1.9

(2.0)

Participation rate for 15-64 year-olds (%)

83.9

(71.7)

Tertiary educational attainment 25-64 year-olds (%)

41.2

(36.7)

Average hours worked per year (2015)

1 590

(1 766)

Gross domestic expenditure on R&D (% of GDP, 2015)

3.4

(2.3)

ENVIRONMENT

Total primary energy supply per capita (toe, 2015)

3.0

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2014)

4.7

(9.4)

 Renewables (%, 2015)

22.4

(9.6)

Water abstractions per capita (1 000 m3, 2012)

0.3

Exposure to air pollution (more than 10 μg/m3 of PM2.5, % of population, 2015)

87.1

(75.2)

Municipal waste per capita (tonnes, 2015a)

0.7

(0.5)

SOCIETY

Income inequality (Gini coefficient, 2014)

0.297

(0.311)

Education outcomes (PISA score, 2015)

Relative poverty rate (%, 2014)

9.9

(11.1)

 Reading

492

(493)

Median equivalised household income (000 USD PPP, 2014)

36.5

(23.1)

 Mathematics

521

(490)

Public and private spending (% of GDP)

 Science

506

(493)

 Health care, current expenditure

12.4

(9.1)

Share of women in parliament (%, July 2017)

32.0

(28.7)

 Pensions (2013)

11.5

(9.1)

Net official development assistance (% of GNI)

0.54

(0.39)

Education (primary, secondary, post sec. non tertiary, public, 2014)

3.4

(3.4)

Better life index: www.oecdbetterlifeindex.org

a. 2014 for the OECD average.

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 29 member countries.

Source: Calculations based on data extracted from the databases of the following organisations: OECD, International Energy Agency, World Bank, International Monetary Fund and Inter-Parliamentary Union.