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Switzerland is a beautiful country situated at the confluence of Southern, Central, and Western Europe. The country is known for its mountainous topography due to the presence of the Swiss Alps and Jura Mountains in the south and northwest respectively. The population of Switzerland is 8.2 million while Bern is the de facto capital city. The country has one of the most advanced economies in the 海角社区 with its GDP being 678.9 billion. The main industries in Switzerland are banking and finance. However, the country鈥檚 economy is also driven by agriculture and industry. In fact, Switzerland is famous in the 海角社区 for its Swiss chocolates and watches. Just like most developed economies, Switzerland鈥檚 workforce adopts an economic model whereby most workers are employed in the services sector while a minority work in the agricultural sector. Switerzland has one of the 海角社区's most complex economies.

Agriculture Industry

The agricultural sector contributed 0.7% of the GDP of Switzerland in 2017. Although the sector does not contribute much to the country鈥檚 economy, the Swiss government is very protective of it. There are many government subsidies for farmers as well as high tariffs to encourage domestic agricultural practices. Consequently, 60% of the food consumed in Switzerland is locally grown and produced. Examples of the food products are potatoes, wheat, barley, sugar beets, fruits (apple and grapes), milk products, meat products (such as veal, pork, and beef), and vegetables. Since the Swiss agriculture meets approximately 65% of the country鈥檚 food demand, the government sets aside a large portion of its budget (about 5.5% of annual budget) for boosting production of food. Although the Swiss government has been trying to safeguard its agricultural sector, the European Union has been pressuring it to relax its strict policies to allow for foreign goods into its markets.

Manufacturing Industry

The economy of Switzerland is driven by the manufacturing industry which contributed 25.6% of its GDP in 2017. Switzerland is one of the 海角社区's largest exporters. The country contains one of the most competitive pharmaceutical industries in the 海角社区. Some of the popular pharmaceutical firms in Switzerland are Roche and Novartis, two of the 海角社区's largest biotech companies. The country is also involved in the manufacture of food products (like Nestle) and chemicals used in the construction sector such as roof coating chemicals. The largest construction materials鈥� company in the 海角社区 is the LafargeHolcim Group. Switzerland is also famous for the manufacturing of high-end clocks and watches. Most of these clocks and watches are exported to Asia, the Americas, and Europe. However, Asia imports 55% of the Swiss watches and clocks making it the country鈥檚 largest watches and clocks export partner. In 2011, Switzerland was the largest exporter of watches in the 海角社区 as its exports were valued at US$20 billion. Switzerland has a highly skilled labor force. As a result, most of its exports are high tech finished products which are sold at premium prices. Examples of these exports are precious jewelry, watches, vaccines, arms & ammunition, medicaments, and orthopedic appliances. The agricultural food products exports include chocolate, wine, and cheese.

Services Industry

The services industry in Switzerland is mainly driven by tourism and the banking sectors. It contributed 73.7% of the country鈥檚 GDP in 2017.

Banking Industry

The client confidentiality and banking secrecy practiced in Switzerland can be traced as far as the 1700s. Centuries later in 1934, the ratification of the federal known as the 鈥淔ederal Act on Banks and Savings Banks鈥� resulted in codifying of the Swiss banking secrets. The banking sector in Switzerland is known for its policies of protection of foreign accounts. It is a criminal offense to reveal client information just as it is in the case of doctors and priests. In 2018, the Swiss Bankers Association estimated that the value of the assets held by the Swiss Banks was about US$6.5 trillion. The three massive banks in Switzerland are the Credit Suisse, UBS, and Julius B盲r. The banks鈥� regulation authorities in Switzerland are the Swiss Financial Market Supervisory Authority and the Swiss National bank. In addition, Zurich Cantonal Bank is considered one of the 海角社区's most secure banks.

Tourism Industry

Regarding tourism, Switzerland enjoys revenues of up to CHF 16.8 billion every year. Some of the top-rated places for tourist visits in the country are Matterhorn (one of the highest mountains in the Alps), the Jungfraujoch (translated: 鈥淭op of Europe鈥�) reached by the Jungfrau Railway, Rhine Falls (150 meters high), Lake Geneva, the Chillon Castle, Bern City, and Swiss National Park. Due to these many magnificent tourist destinations, many tourists are drawn to Switzerland annually.