The financial sector: a stable mainstay of the Swiss economy
In its latest study, BAK Economics estimates that the financial sector accounts for 5.4% of jobs (234,600) and around 9.3% of gross value added (CHF 70.9 billion) in Switzerland. Banks and insurers thus contribute 7.6% of public revenues (CHF 7.8 billion). Furthermore, significant indirect effects on other industries mean that the financial sector’s overall impact is much greater. This year’s edition of the BAK Economics study also sheds light on the sector’s importance for the real estate market.