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Switzerland — Market Overview

Europe>Switzerland

🇨🇭 Switzerland

Switzerland is often treated as one of the purest high-quality equity markets because healthcare, global staples, and capital preservation flows dominate both earnings resilience and valuation behavior. The cleanest read usually comes from franc direction, global defensive positioning, and whether high-quality compounders can keep justifying a premium multiple.

Mappa regionale

Dati chiave

Switzerland in sintesi

Capital

Bern

Currency

Swiss Franc (CHF)

Primary exchange

SIX Swiss Exchange

Central bank

Swiss National Bank

Region

Europe

Time zone

Europe/Zurich

Country dashboard

Perché questo mercato conta

This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.

Esploratore macro

Cambia variabile, mantieni il contesto del paese

These country charts now use official OECD quarterly and monthly history where the feed is actually published, with government debt added from the World Bank when a stable public series exists. Variables without dependable republishable coverage are left out instead of being interpolated, so each page shows fewer lines only when the source coverage is genuinely thinner.

GDP

Nominal GDP shown as bars.

CHF 600 MldCHF 700 MldCHF 800 MldCHF 900 Mld201020112012201320142015201620172018201920202021202220232024
Clicca un anno per ingrandire da quel punto.

Variabili disponibili

GDP

CHF 824,6 Mld
Trend 1A+2.6%
Crescita media+2.0%

Cosa segnala

This view isolates nominal GDP, which is useful for seeing the economy's absolute scale instead of a growth rate or ratio.

Scambi e posizione esterna

Esportazioni, servizi e bilancia con l'estero

Invece di un generico muro di schede macro, questa sezione si concentra su come il paese attira domanda dall'estero, dove sta il suo vantaggio commerciale e come evolve la bilancia con l'estero.

Interscambio totale SwitzerlandCHF 1,3 Bln
Beni
Servizi
Beni
Servizi
EsportazioniCHF 675,8 Mld
CHF 580,1 MldImportazioni
Bilancia con l'estero2024
Esportazioni +CHF 675,8 Mld
Importazioni -CHF 580,1 Mld
Saldo+CHF 95,7 Mld
CHF 675,8 Mld
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Switzerland is capturing across both physical products and higher-value intangible flows.

CHF 446,7 Mld
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

CHF 186,1 Mld
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Switzerland is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composizione degli scambi

Cosa esporta il paese

Partner commerciali

Dove commercia il paese

Lente sulle commodity

Esposizione alle materie prime

Trade openness134.1%

Trade in goods and services equaled 134.1% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports27.5%

Services represented 27.5% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share68.5%

Manufactures accounted for 68.5% of merchandise exports in 2024.

Fuel share1.2%

Fuel exports accounted for 1.2% of merchandise exports in 2024, useful for reading commodity exposure.

Food share2.5%

Food exports accounted for 2.5% of merchandise exports in 2024, adding context on agricultural exposure.

Cosa osservare

Chiave di lettura

01

Swiss franc direction

Switzerland should first be read through swiss franc direction. When this regime shifts, local multiples and sector leadership usually shift with it.

02

defensive sector leadership

The cleanest read usually comes from franc direction, global defensive positioning, and whether high-quality compounders can keep justifying a premium multiple. That makes defensive sector leadership one of the most important signals for revising the country narrative.

03

quality multiple resilience

The final layer is quality multiple resilience, because it determines whether the macro backdrop turns into sustainable earnings support for the SMI.

Altri paesi

Continua attraverso Europe

Ogni scheda apre lo stesso modello di paese con la propria mappa, variabili macro selezionabili e vista benchmark. È la prima rete collegata di pagine paese nella regione.