The Economic Significance of the Swiss Financial Centre
The Swiss financial centre, with banking as the leading sector, is of major international
importance and among the global market leaders in many areas. The financial centre makes a substantial
contribution to gross value added in Switzerland and hence to the prosperity of the entire Swiss population.
The banks are hugely important to the Swiss economy in many respects. As employers they offer a host of skilled jobs paying above-average salaries; as taxpayers they provide a considerable portion of public-sector funding; and, finally, as drivers of value added and centres of innovation they generate momentum for the entire economy.
A distinction must be made between ‘banks in Switzerland’ and ‘Swiss banks’. The designation ‘Swiss banks’ also includes subsidiaries in other countries and therefore covers a broader base.
Banks and branches in Switzerland
Direct foreign investments