Finance of Switzerland

The minimum monthly wage in Switzerland is dependent on the each administrative territory. Switzerland has a government debt of 52.4% of the country's Gross Domestic Product (GDP), as assessed in 2011. With regard to consumer prices, the inflation rate in Switzerland is -0.4%. The currency of Switzerland is Swiss franc. The Swiss franc is the official currency of Switzerland and Liechtenstein. It was introduced in 1798 to unify several currencies that were in use in Switzerland at the time. Switzerland is a stable currency that can be relied upon for investment opportunities. The plural form of the word Swiss franc is francs. The symbol used for this currency is Fr, and it is abbreviated as CHF. The Swiss franc is divided into rappen; there are 100 in one franc. Each year, consumers spend around $365,453 million. The ratio of consumer spending to GDP in Switzerland is 0.05%, and the ratio of consumer spending to the world consumer market is 85%. The corporate tax in Switzerland is set at 16.55%. Personal income tax ranges from 0% to 13.2%, depending on your specific situation and income level. VAT in Switzerland is 8%.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Switzerland is $473,331 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Switzerland was last recorded at $55,399,007. PPP in Switzerland is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Switzerland is 685,434 billion. Based on this statistic, Switzerland is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Switzerland. The Gross Domestic Product (GDP) per capita in Switzerland was last recorded at $80,223,698. The average citizen in Switzerland has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Switzerland averaged 1.3% in 2014. According to this percentage, Switzerland is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.