Question

Importance of switzerland in world's economy

Answer 1

The economy of Switzerland is one of the world's most stable economies. The service sector has also come to play a significant economic role. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index.The Swiss economy follows the typical First World model with respect to the economic sectors. Only a small minority of
the workers are involved in the primary or agricultural sector (1.3% of the population, in 2006) while a larger minority is involved in the secondary or manufacturing sector (27.7% in 2012). The majority of the working population are involved in the tertiary or services sector of the economy (71.0% in 2012).

While most of the Swiss economic practices have been brought largely into conformity with the European Union's policies, some trade protectionism remains, particularly for the small agricultural sector

Answer 2

Answer:

Switzerland has one of the most competitive economies in the world thanks above all to its highly developed service sector. Switzerland has the second highest gross domestic product (GDP) per capita in the world. The contribution from the agricultural sector is less than 1%.