Switzerland EconomySwitzerland is a small country located in central Europe with a population of about 8.5 million people. It has a developed, high-income economy that is ranked as the 20th-largest in the world.
The Swiss economy is a mixed economy, meaning it combines elements of a market economy with a planned economy. The government plays a significant role in the economy through state-owned enterprises and other forms of regulation, but there is also a significant private sector.
The main sectors of the Swiss economy include industry, agriculture, and services.
- Industry: Industry is a major contributor to the Swiss economy, accounting for about 21% of the country's GDP. Major industries include manufacturing, construction, and mining. Switzerland is known for its advanced manufacturing sector, which produces a wide range of goods including pharmaceuticals, machinery, and chemicals.
- Services: The service sector in Switzerland is growing and now accounts for about 79% of the country's GDP. This sector includes financial services, real estate, and tourism.
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