SwitzerlandChapters
Switzerland is a nation defined by precision, stability, and timeless neutrality. Nestled in the heart of Europe, it balances Alpine beauty with urban sophistication and world-class innovation. For centuries, Switzerland’s steadfast neutrality has made it a trusted global mediator and a haven for diplomacy, home to major international organizations and peace negotiations.
Beyond politics, its reputation for excellence extends from cutting-edge research and sustainable finance to renowned watchmaking and chocolate craftsmanship. With four national languages and a deeply rooted democratic tradition, Switzerland harmonizes cultural diversity with a shared commitment to precision, independence, and peace, a small country with an importance on the world stage.
Key indicators
- Area
- 41,277 km2
- Population
- 8,860,574 (2024 est.)
- Government type
- federal republic (formally a confederation)
- Languages
- German (or Swiss German) (official) 62.1%, French (official) 22.8%, Italian (official) 8%, English 5.7%, Portuguese 3.5%, Albanian 3.3%, Serbo-Croatian 2.3%, Spanish 2.3%, Romansh (official) 0.5%, other 7.9%; note - German, French, Italian, and Romansh ar
- GDP
- $741.035 billion (2024 est.)
- Growth rate
- 1.3% (2024 est.)
- HDI
- 2
- Capital
- Bern
Macroeconomic indicators
Real GDP is projected to grow by 1.1% in 2025, and 1.2% in 2026. Private consumption will benefit from rising real wages and employment, while investment will continue its recovery. Export growth will lose momentum amid slower global growth and higher US trade tariffs. Moderate demand pressures will keep inflation within the central bank’s target range.
The monetary policy stance will continue to be supportive of growth in 2025-2026. The same holds for fiscal policy as the small headline fiscal surplus expected in 2025 will narrow in 2026, although gross public debt will decrease slightly relative to GDP. Expanding the government one-stop-shop would help increase investment. Relaxing foreign equity restrictions would help to attract more foreign direct investment. Reaching climate neutrality requires further reforms to facilitate investments in renewable energy.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
|
All Items, Consumer price index (CPI), Period average, percent change Percent (Units) |
2.135 |
1.06 |
0.142 |
0.555 |
0.656 |
|
Current account balance (credit less debit), Percent of GDP Percent (Units) |
5.851 |
7.718 |
6.997 |
7.009 |
7.104 |
|
Current account balance (credit less debit), US dollar US dollar (Billions) |
52.358 |
72.411 |
70.154 |
75.323 |
79.164 |
|
Exports of goods and services, Volume, Free on board (FOB), Percent change Percent (Units) |
0.795 |
-0.1 |
3.339 |
3.527 |
3.391 |
|
Gross domestic product (GDP), Constant prices, Percent change Percent (Units) |
0.737 |
1.363 |
0.946 |
1.275 |
1.1 |
|
Gross domestic product (GDP), Current prices, Per capita, US dollar US dollar (Units) |
101510.452 |
104681.183 |
111046.892 |
118173.258 |
121685.129 |
|
Gross domestic product (GDP), Current prices, US dollar US dollar (Billions) |
894.815 |
938.153 |
1002.666 |
1074.588 |
1114.378 |
|
Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change Percent (Units) |
2.782 |
0.329 |
4.264 |
4.071 |
4.074 |
|
Unemployment rate |
1.983 |
2.386 |
2.869 |
3.07 |
2.85 |
Estimates
Source: IMF Statistics
Relationships with Luxembourg
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 21.01.1993 (Memorial 1993, A No.101, p.2125)
- Effective as of 01.01.1994 (Memorial 1993, A No.101, p.2125)
- Protocol of Amendment from 25.08.2009 (Memorial 2010, A No.51, p.830)
- Effective as of 01.01.2011 (Memorial 2010, A No.51, p.830)
- Protocol of Amendment from 11.07.2012 (Memorial 2013, A No.114, p.1696 )
- Effective as of 01.01.2011 (Memorial 2013, A No.114, p.1696)
Air Services agreement
- Agreement from 09.04.1951 (Memorial 1952, p. 1011)
- Effective as of 02.27.1953 (Memorial 1953, p. 263)
Further information
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Switzerland
Embassy of the Grand Duchy of Luxembourg in Switzerland
Ambassador with residence in Berne: Mr. Robert LAUER
Embassy of the Grand Duchy of Luxembourg in Berne
38 Sulgenauweg
CH-3007 Berne
Switzerland
Tel.: (+41 -31) 311 47 32, (+41 -31) 311 68 76
E-Mail: berne.amb@mae.etat.lu ; berne.consulat@mae.etat.lu
Website: berne.mae.lu
Consulate General
Consul General with jurisdiction over the Cantons of Geneva, Vaud, and Valais:
Mr. Philippe DONCKEL
13, Chemin de la Rochette
CH-1202 Genève
Switzerland
Tel.: +41 22 91 91 929
Fax: +41 22 91 91 920
E-Mail: geneve.rp@mae.etat.lu
Honorary consuls
Honorary Consul with jurisdiction over the Cantons of Basel, Baselland, and Solothurn:
Mrs. Andrea Elisabeth KNELLWOLF
Untere Rheingasse 8/10
BP 1564
CH-4058 Basel
Switzerland
Tel.: (+41) 79 258 72 08
E-Mail: basel@consul-hon.lu
Honorary Consul with jurisdiction over the Cantons of Zurich, Glarus, Zoug, Schaffhausen, Appenzell, St.Gallen, Grisons, Aargau, and Thurgau:
Mr François MULLER
Stockerstrasse 42
8002 Zürich
Switzerland
Tel.: (+41 ) 44 366 55 11
E-Mail: zurich@consul-hon.lu
Source: Ministry of Foreign Affairs Luxembourg
Business Club Luxemburg-Schweiz
Mr François Muller
Tel: +41 44 366 55 11
Stockerstrasse 42
CH-8002 Zürich
Email: francois@muller-consulting.ch
Web: https://www.businessclub-luxemburg.ch/