Switzerland is a federal republic in Europe. It is one of the most developed countries in the world, with the highest nominal wealth per adult and the eighth-highest per capita gross domestic product according to the IMF.[1][2] Switzerland ranks at or near the top globally in several metrics of national performance, including government transparency, civil liberties, quality of life, economic competitiveness, and human development.
Switzerland's most important economic sector is manufacturing. Manufacturing consists largely of the production of specialist chemicals, health and pharmaceutical goods, scientific and precision measuring instruments and musical instruments. The largest exported goods are chemicals (34% of exported goods), machines/electronics (20.9%), and precision instruments/watches (16.9%).[3] Exported services amount to a third of exports.[3] The service sector – especially banking and insurance, tourism, and international organisations – is another important industry for Switzerland.
- ^ Subir Ghosh (9 October 2010). "US is still by far the richest country, China fastest growing". Digital Journal. Canada. Retrieved 14 December 2015.
- ^ Simon Bowers (19 October 2011). "Franc's rise puts Swiss top of rich list". The Guardian. London, UK. Retrieved 14 December 2015.
- ^ a b Swiss Statistical Yearbook 2008 by Swiss Federal Statistical Office