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Switzerland Overview

Switzerland is well-known for its world-class banking and finance sector, alongside the Swiss Alps, Swiss chocolate, watchmaking and mountaineering. The country has a highly skilled labour force and has ranked first in the world in the Global Innovation Index.

Further to being a world leader in financial services, the economy benefits from a well-developed manufacturing industry that specialises in high-technology, knowledge-based production. Its political stability, transparent legal system and impressive infrastructure also make Switzerland one of the world’s most competitive economies.

The country’s main export destinations are Germany (15.2%), USA (12.3%) and China (8.2%), where commodities including machinery, chemicals, watches and agricultural products are exported.

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 24,000 professionals on Advisory Boards in Europe or 11% of the global Advisory Board market.

Switzerland’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Switzerland. As an emerging sector, advisory board professionals may have opportunities in key sectors including – machinery, tourism, and banking and finance – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Switzerland, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 8.545m Labour Force by occupation
GDP  703.1bn (USD) Agriculture 3.3%
Industry 19.8%
GDP by sector Services 76.9%
Agriculture 0.7%
Industry 25.6% Global ease of doing business rank 36th
Services 73.7% Global ease of doing business score 96.1/100
Imports 344.377bn (USD)
Export 443.997bn (USD)

 

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