Economy of Switzerland
Switzerland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Switzerland is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Switzerland exports around $229.2 billion and imports roughly $200.5 billion. 5% of population in the country are unemployed. The total number of unemployed people in Switzerland is 427,202. In Switzerland, 7.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Switzerland is low, indicating that it has a stable economy. Investors should consider Switzerland to be a safe location for investments and other financial ventures. Government expenditure on education is 5.2% of GDP. The Gini Index of the country is 28.7. Switzerland is experiencing high equality. Differences in income among citizens are only mildly significant. Switzerland has a Human Development Index (HDI) of 0.917. Switzerland has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Switzerland is 1.275. Due to strong law enforcement presence and high social responsibility, Switzerland is very safe by international standards. The strength of legal rights index for Switzerland is 6. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.
