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SWITZERLAND
On track towards economic normalcy by 2022
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP |
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Population |
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Form of state | Confederation (but similar to a federal republic) | |
Head of government |
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Next elections | October 2023, legislative |
![](/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/icon/plus.png)
- Competitive high-income economy
- Sound political institutions
- Specialization in high-quality exports for which demand is relatively insensitive to exchange rate moves
- Healthy public finances
- Strong external position
![](/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/icon/minus.png)
- Overvalued CHF due to safe haven role
- Strong dependence on financial and export sectors
- Rising labor costs and stagnant productivity growth
- Financial sector’s exposure to real estate lending (around 85% of domestic assets are concentrated in mortgages)
- Unfavorable demographics
Trade structure by destination/origin
(% of total)
Exports | Rank | Imports |
---|---|---|
Germany
20.7%
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1 |
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United Kingdom
9.5%
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2 |
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Italy
7.6%
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3 |
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United States
7.6%
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4 |
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France
7.1%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Non-Monetary Gold
26%
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1 |
31%
Non-Monetary Gold
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Pharmaceutical products
24%
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2 |
11%
Pharmaceutical products
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Industrial machinery and parts
8%
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3 |
7%
Industrial machinery and parts
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Clockmaking
7%
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4 |
6%
Road vehicles
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Organic Chemicals
7%
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5 |
5%
Electrical machinery, apparatus and appliances
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
Domestic courts are fairly efficient in dealing with disputes in a timely manner; however collecting debt pre-legally remains the most effective option.
Although mechanisms designed to increase debt renegotiation and company rescue have been put into place, liquidation remains the default procedure at present, thus leaving little chance for unsecured creditors to collect debts from insolvent debtors.
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