About Switzerland's economy

Switzerland boasts a highly developed, prosperous, and technologically advanced free-market economy, consistently ranking among the world's most competitive and stable. In 2022, Switzerland's GDP was estimated at CHF 751.8 billion, equivalent to around USD 735 billion. The country plays a significant role in global trade, with exports accounting for nearly two-thirds of its GDP. In 2021, Switzerland's total exports reached CHF 843.1 billion, while imports amounted to CHF 784.7 billion, resulting in a positive trade balance of CHF 58.4 billion. Government procurement in Switzerland is regulated by the Federal Act on Public Procurement, ensuring transparency, fairness, and value for money in government spending. In 2021, the total value of government procurement contracts surpassed CHF 100 billion, representing approximately 13% of the country's GDP.

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