We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economy of Switzerland - Essay Example

Comments (0)
Switzerland a picturesque country, located the heart of Europe is generally known around the world as a dream destination for tourism purposes. Be it a married couple, a old couple re-living down the memory lane or a gala business conference, Switzerland marks the first entry as a purist destination for the purpose…
Download full paper

Extract of sample
Economy of Switzerland

Download file to see previous pages... The country's political environment too is characterized by a high degree of decentralization with adequate amount of autonomy and authority delegated to the 26 cantons (Datamonitor, 2007).
Macroeconomic indicators happen to be good measure of the economic development of a country as these measures keep track of the life-style of the citizens and the problems faced by them while trying to arrange for the living. Sound macroeconomic indicators help in strengthening the base for a lasting growth of a nation. Some of the macroeconomic indicators over the last couple of years can be summarized for the country as follows;
Gross Domestic Product (GDP) happens to be the key driver of macroeconomic conditions in a country. It is calculated as1 'the total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports'. Switzerland has seen consistent growth in its GDP over the years, but it appears that is not good enough for it to maintain its leading position amongst similarly placed nations. OECD (2007) in its survey, while lauding the high levels of GDP per capita for Switzerland, also expresses concern over the continuous erosion of Switzerland's relative position over the past decade. The report points out that while proper utilization of labor remains high, the productivity levels has dropped down in comparison to other developed economies like Germany, France, Denmark etc. The growth in real GDP for Switzerland over the period of 2001-2006 is as indicated in table-1
Table 1: Switzerland real GDP (Swiss francs billion), 2001-2006
Table-2: GDP per capita growth in Switzerland compared to major Eurozone countries, 2001-2006 and forecast 2007-11
GDP (Swiss francs billion)
Growth (%)
CAGR 2001-2006
CAGR 2007-2011
Source: Datamonitor, U.S Census Bureau International Database, National Statistical Organization- Switzerland
CAGR 1.55%

Source: Datamonitor, National Statistical Organization- Switzerland

Even during the first two quarters of 2007 the GDP growth remained quite encouraging reaching 0.7% in each period, quarter on quarter (OECD, 2007). What is driving the growth is the acceleration in private consumption with an increase in the availability of more job opportunities and labour incomes. In fact in today's market driven economy what makes a big difference in the economic growth is the purchasing power of the workforce which sets a chain reaction in the form of more purchases, more production, and more contribution to the government in the form of taxes, more investments by the industry and expansion of the overall industrial outlook of the nation. Therefore, Switzerland seems to be preparing adequate ground for inviting more investments which obviously helps the government in shelling out more funds for infrastructure and social welfare sectors. For the year 2007 the GDP growth has been estimated around 2.5%, somewhat lower as compared to the 2006 figures but, in view of the global slowdown in economies this percentage appears good enough. The improvement in economic indicators is also on account of ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Entrepreneurship Business Plan
Entrepreneurship Business Plan. Automobile is a car showroom business which will be situated in Geneva, Switzerland. The business will provide Volkswagen vehicles to the customers. XXX Automobile will target the middle and high income group population in the targeted market.
20 Pages(5000 words)Essay
This paper provides an overall review of businesses, customs, norms, and laws of the chosen country which make it one of the most preferred countries to live and invest in. The paper depicts the contour of its commerce, economy, and attractions existing in the country.
6 Pages(1500 words)Research Paper
Germany economy
Poverty has also become an increasing problem in a country that most people have for several years thought of as affluent. After World War II ended in 1945, Germany was split into four military occupation zones-French, British, United States, and the Soviet Union.
13 Pages(3250 words)Essay
Small and Medium Enterprises Master Essay
SME either Small or the Medium-Sized Enterprises generally serves as the whole Switzerland, by providing the full range of various services and products from the fixed-line and also from the mobile communications to data service, internet, maintenance as well as the operation of the whole IT infrastructure.
14 Pages(3500 words)Essay
Economy of New York
In terms of economic power, the state and city of New York are extremely rich. The gross state product (a measure of all value added by industries) in 2005 was $963.5 billion, putting it in third position
3 Pages(750 words)Essay
What is the effect of the global economic crisis on hotel businesses throughout Switzerland
Hotel business is no exception. The occupancy rates are coming down and the investment in hotel market is coming down (BNP Paribas real estate, 2009). This essay examines in detail how the hotel business
16 Pages(4000 words)Essay
A report on based on the company Gourmet burger kitchen
We have also analyzed on why marketers need to determine the market situation when they operate globally and further what factors are needed by the
12 Pages(3000 words)Essay
It helps in forecasting gross domestic product (GDP) of a nation (Hubbard1-29). In this discussion, the main objective is to critically evaluate
4 Pages(1000 words)Essay
The country also boasts of its richness in natural resources that include country having 6% fresh water cover that act as reserves for the Europe. Essentially, Switzerland is the source for a number of European rivers where some
8 Pages(2000 words)Essay
The fall has especially affected the oil producing nations which had to face a decline in the global oil production. The developments in the global markets have led to a rise in anticipated supply of the oil prices and a fall in
8 Pages(2000 words)Essay
Let us find you another Essay on topic Economy of Switzerland for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us