Forgot password    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Switzerland
Background:

The Swiss Confederation was founded in 1291 as a defensive alliance among three cantons. In succeeding years, other localities joined the original three. The Swiss Confederation secured its independence from the Holy Roman Empire in 1499. Switzerland's sovreignty and neutrality have long been honored by the major European powers, and the country was not involved in either of the two World Wars. The political and economic integration of Europe over the past half century, as well as Switzerland's role in many UN and international organizations, has strengthened Switzerland's ties with its neighbors. However, the country did not officially become a UN member until 2002. Switzerland remains active in many UN and international organizations, but retains a strong commitment to neutrality.

Location: Central Europe, east of France, north of Italy

GEOGRAPHY
Geographic coordinates: 47 00 N, 8 00 E

Map references:
Europe

Area: total: 41,290 sq km land:
39,770 sq km water: 1,520 sq km

Area - comparative:
slightly less than twice the size of New Jersey

Land boundaries: total: 1,852 km border countries: Austria 164 km, France 573 km, Italy 740 km, Liechtenstein 41 km, Germany 334 km

Switzerland offshore banking

People Switzerland

Population:
7,489,370 (July 2005 est.)

Age structure: 0-14 years: 16.6% (male 643,497/female 597,565) 15-64 years: 68% (male 2,570,544/female 2,522,365) 65 years and over: 15.4% (male 472,769/female 682,630) (2005 est.)

Median age: total: 39.77 years male: 38.75 years female: 40.81 years (2005 est.)

Population growth rate: 0.49% (2005 est.)

Government Switzerland

Country name:
conventional long form: Swiss Confederation conventional short form: Switzerland local long form: Schweizerische Eidgenossenschaft (German), Confederation Suisse (French), Confederazione Svizzera (Italian) local short form: Schweiz (German), Suisse (French), Svizzera (Italian)

Government type: formally a confederation, but similar in structure to a federal republic

Capital: Bern

Administrative divisions: 26 cantons (cantons, singular - canton in French; cantoni, singular - cantone in Italian; kantone, singular - kanton in German); Aargau, Appenzell Ausser-Rhoden, Appenzell Inner-Rhoden, Basel-Landschaft, Basel-Stadt, Bern, Fribourg, Geneve, Glarus, Graubunden, Jura, Luzern, Neuchatel, Nidwalden, Obwalden, Sankt Gallen, Schaffhausen, Schwyz, Solothurn, Thurgau, Ticino, Uri, Valais, Vaud, Zug, Zurich

Independence: 1 August 1291 (founding of the Swiss Confederation)

National holiday: Founding of the Swiss Confederation, 1 August (1291)

Constitution: revision of Constitution of 1874 approved by the Federal Parliament 18 December 1998, adopted by referendum 18 April 1999, officially entered into force 1 January 2000

Legal system: civil law system influenced by customary law; judicial review of legislative acts, except with respect to federal decrees of general obligatory character; accepts compulsory ICJ jurisdiction, with reservations

Economy Switzerland

Economy - overview:
Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003, with a small rise to 1.8% in 2004. Even so, unemployment has remained at less than half the EU average.

GDP (purchasing power parity): $251.9 billion (2004 est.)

GDP - real growth rate: 1.8% (2004 est.)

GDP - per capita: purchasing power parity - $33,800 (2004 est.)

GDP - composition by sector: agriculture: 1.5% industry: 34% services: 64.5% (2003 est.)

Labor force: 3.77 million (2004 est.)

Labor force - by occupation: agriculture 4.6%, industry 26.3%, services 69.1% (1998)

Unemployment rate: 3.4% (2004 est.)

 
  Isle of Man  
     
  Guernsey  
     
  Jersey  
     
  Switzerland  
     
  Submit an enquiry for Offshore Marketplace  
     
       
 
         
 
 
 
 
Glossary of terms | Our Professional Partners and Product Providers | Links
Copyrights © 2006 Infinity Financial Solutions Co., Ltd. 
 
Subscribe for
New Fund Info