OrangeSmile Tours Best destinations around the world - Travel Guide
Switzerland

National economy of Switzerland - industries, GDP and prosperity level

Switzerland is recognized as one of the most stable countries in the world. The country's policy has historically been oriented towards improving the quality of life of every single citizen. The absence of destructive wars has become an excellent tool for creating a strong and indestructible economic structure. Today, Switzerland is the true banking and financial heart of all Europe. The economy of the country is based on the market relations and the turnover of the foreign capital. Switzerland has created ideal conditions for both small and large entrepreneurs. The state doesn’t interfere in the activities of enterprises at all. The production fully meets all the requests of the average buyer. Successful economic relations exist not only within the country, but also in the international arena.
There is an incredible number of holidays in Switzerland. Festivals and events held in each canton are added to the nationwide ones. The Swiss …
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The basis of the country's economic development is banking. Statistics show that approximately one and a half thousand citizens of the country own at least one financial institution. Despite a large number of banking structures, the quality of their services is considered one of the best in the world. The country has developed a strict system for controlling the security of all personal data of depositors. They are not available to outside parties. That is why many wealthy foreigners seek to keep their capital in Switzerland. The influx of investments guarantees the country a stable economic situation and a gradual development.
Switzerland is famous throughout Europe for almost complete absence of the unemployment. People here are hardworking. The main production sectors of the economy were discovered in the last century. To the date, the most financially profitable industries, besides banks, are represented by watchmaking companies, light and pharmaceutical industry, agriculture, and tourism. The Swiss watch industry has gained the worldwide fame. All production assets are concentrated in Geneva, Tun, Bern, and La Chaux-de-Fonds. About 95 percent of all watches are exported. The largest enterprises are Richemont, Swatch Group, Rolex, and Patek Philippe. Copyright www.orangesmile.com
Switzerland is one of the most picturesque countries in Europe. About 60 percent of its land is occupied by the Alps; the rest of the territory is …
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There are very few minerals in Switzerland. Despite the mountainous terrain of the country, the rocks are poor. Numerous hydroelectric stations, which generate the cheap electricity are in the Alps. They generate about half of the total output. In general, industries that don’t require a large amount of raw materials and highly skilled labor, became more developed. Swiss nuclear power plants are considered to be the most reliable and safe, although the domestic policy of the state restricts the expansion of this type of facilities until 2050. Oil and gas are imported only from abroad.
About 75 percent of all working-age population of Switzerland works in the sphere of tourist services. Hospitality takes its roots from this country. Annually, only about 10 million tourists come to the Alps, and the cost of rest is considered high enough. Therefore, the percentage of the funds brought by the tourism business is quite high. Agriculture of the country is oriented to livestock raising, which makes about 78 percent of all agricultural products. Most of the milk is used to produce various Swiss cheeses. Approximately 60 percent of rural lands have been plowed. Cereals are insignificant, but vineyards have been developing very actively in recent years. At the same time, the entire agricultural complex is not able to meet the needs of the population. The remaining 40 percent is imported from abroad.
The climate of Switzerland is moderately continental. The peculiarity of the country is its landscape. More than 62 percent of the territory is …
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The textile industry is one of the most important places in the construction of the economic structure. The leading position in the food industry is taken by the Nestle Corporation. The main assets of the chemical and pharmaceutical industry belong to Novartis and Hoffmann-la-Roche. Swede-Swiss concern ABB is engaged in the manufacture of turbines and electrical engineering. The mechanical engineering is focused on forge-and-press equipment and high-precision metalworking machines. In general, there are very few large enterprises in Switzerland. The economy is based on small single companies and organizations. The transport connection in Switzerland occupies a very important position in the system of European transport interchanges. The country is crossed by many important highways, in spite of the fact that it was necessary to struggle with a mountainous relief, constructing tunnels, viaducts, and bridges to build them.
In volo sopra le creste The foreign trade brings a huge profit to the country. The largest percentage of exports are manufactured goods, medicines, and food. The main trading partners of the country are the USA, Europe, China, and Japan. Switzerland is the seventh country in the world in per capita income. Some of the most prosperous people in Europe live there. The per capita income in 2014 was about 89 thousand dollars. The national income of Switzerland in 2014 was about 734 billion dollars. In recent years, aging of the population is increasing, which causes some imbalance in the retirement sphere. The gold reserves of Switzerland are simply amazing. Each hotel owns at least a hundred ounces of the pure gold.
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Uniques sights in Switzerland

Contra Dam

From the series “The Greatest Dams in the World”
An important tourist attraction is Contra Dam, located in Switzerland. Most tourists know it under the unofficial name - Verzasca dam. The unique architecture has long attracted curious tourists and active recreation enthusiasts. The dam construction took more than four years and ended in 1965. The dam, whose height is 220 meters, was chosen as the turning point of an episode of the film about James Bond in 1995.

'The role' of the dam in the film was quite impressive. The agent 007 jumped from Contra Dam, when hundreds of thousands of fans came to this area. Since then, thousands of people strive to repeat the leap of the agent. The dam serves as a place for Bunjee Jumping. Contra Dam is also known among the fans of the other film - Dhoom 3. This was one of the most exciting moments of ... Read all
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Switzerland by photo artists

Microeconomics of Switzerland cities - shopping

Zurich
The Old Town is traditionally rich in interesting shops. For example, sweet tooth travelers will fall in love with historical Confiserie Teuscher. For many years, the shop has been selling exclusive sorts of chocolate and candies that are cooked in accordance with old family recipes. Visitors are allowed to sample … Read more
Zermatt
Basler Läckerli is another local delicacy. These are hard spice biscuits from Basel. They are popular throughout the country. It's not a problem to find them in Zermatt. The sweetness is made according to the original recipe. It is very different from gingerbread from other countries. It is better to buy them at the … Read more
Geneva
In Geneva, there are many interesting souvenir shops. Longemalle store remains at the peak of popularity among tourists. The choice of souvenirs here is simply enourmous, prices will pleasantly surprise even the most frugal customers. In this store they sell colourful T-shirts with funny pictures and inscriptions, real … Read more
Interlaken
Buhler is a very popular store with tourists. It offers things indispensable on the journey and a lot of popular souvenirs. The huge store is divided into two parts. One half is given for souvenirs and another is for various irreplaceable trifles. They sell beautiful magnets and Swiss knives, bags and inexpensive … Read more
Luzern
A beautiful historic building houses Bucherer store specializing in Swiss watches. More than 3,000 models of this popular accessory are presented in the store constantly. Among them, there are incredibly expensive exclusive watches, as well as affordable ones, which are also of high quality. The store always presents … Read more
Basel
One of Basel's most visited stores is Cafe Spitz, which sells the most popular chocolate-covered cherry with liqueur. These sweets can be found in many stores, but, according to experienced tourists, Cafe Spitz sells the best of them. Their prices are quite high, but the taste deserves the utmost praise. Fabulous … Read more

Switzerland: map of shopping spots

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