The State of Europe – Richest and Poorest Countries in the Continent

Switzerland

Switzerland is the world’s wealthiest country in the world in terms of GDP per capita. It is the 19th largest economy in the world and the twentieth largest exporter, which is quite an achievement given that it is a tiny country. Switzerland is the world’s most competitive economy according to the Global Competitiveness Report by the World Economic Forum.

The greater Zurich area is one of the most important economic zones on the Globe and is home to some of the most known names such as UBS AG, Tetra Pak, Novartis, Nestle, Credit Suisse, and Glencore. While it is known for its banking, the most important industry is manufacturing.

credit: Wikipedia
Among its manufactured products are musical and precision measuring instruments, electronics and machines, watches, pharmaceutical goods, and specialty chemicals. The service sector is also huge in Switzerland with the most critical industries in tourism, insurance, and banking. The economy is, for the most part, dominated by a private enterprise through the government practices agricultural protectionism.

GDP global rank: 20th
GDP per capita global rank: 2nd

GDP European rank: 8th
GDP per cpita European rank: 2nd