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 Switzerland (2008)Switzerland (2007)
 SwitzerlandSwitzerland
Administrative divisions 26 cantons (cantons, singular - canton in French; cantoni, singular - cantone in Italian; Kantone, singular - Kanton in German); Aargau, Appenzell Ausser-Rhoden, Appenzell Inner-Rhoden, Basel-Landschaft, Basel-Stadt, Bern, Fribourg, Geneve, Glarus, Graubunden, Jura, Luzern, Neuchatel, Nidwalden, Obwalden, Sankt Gallen, Schaffhausen, Schwyz, Solothurn, Thurgau, Ticino, Uri, Valais, Vaud, Zug, Zurich 26 cantons (cantons, singular - canton in French; cantoni, singular - cantone in Italian; kantone, singular - kanton in German); Aargau, Appenzell Ausser-Rhoden, Appenzell Inner-Rhoden, Basel-Landschaft, Basel-Stadt, Bern, Fribourg, Geneve, Glarus, Graubunden, Jura, Luzern, Neuchatel, Nidwalden, Obwalden, Sankt Gallen, Schaffhausen, Schwyz, Solothurn, Thurgau, Ticino, Uri, Valais, Vaud, Zug, Zurich
Budget revenues: $155.5 billion


expenditures: $154.2 billion (2007 est.)
revenues: $143 billion


expenditures: $142.1 billion (2006 est.)
Debt - external $1.34 trillion (30 June 2007) $1.077 trillion (30 June 2006)
Diplomatic representation from the US chief of mission: Ambassador Peter R. CONEWAY


embassy: Jubilaeumsstrasse 93, CH-3001 Bern


mailing address: use embassy street address


telephone: [41] (031) 357 70 11


FAX: [41] (031) 357 73 44
chief of mission: Ambassador Peter R. CONEWAY


embassy: Jubilaumsstrasse 93, CH-3005 Bern


mailing address: use embassy street address


telephone: [41] (031) 357 70 11


FAX: [41] (031) 357 73 44
Diplomatic representation in the US chief of mission: Ambassador Urs ZISWILER


chancery: 2900 Cathedral Avenue NW, Washington, DC 20008


telephone: [1] (202) 745-7900


FAX: [1] (202) 387-2564


consulate(s) general: Atlanta, Chicago, Los Angeles, New York, San Francisco
chief of mission: Ambassador Urs ZISWILER


chancery: 2900 Cathedral Avenue NW, Washington, DC 20008


telephone: [1] (202) 745-7900


FAX: [1] (202) 387-2564


consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, New York, San Francisco


consulate(s): Boston
Economy - overview Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safehaven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth stagnated during the 2001-03 period, improved during 2004-05, and jumped to 2.9% in 2006, and 2.6% in 2007. Unemployment has remained at less than half the EU average. Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safehaven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth stagnated during the 2001-03 period, improved during 2004-05 to 1.8% annually and to 2.9% in 2006. Even so, unemployment has remained at less than half the EU average.
Exchange rates Swiss francs per US dollar - 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003) Swiss francs per US dollar - 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002)
Executive branch chief of state: President Pascal COUCHEPIN (since 1 January 2008); Vice President Hans-Rudolf MERZ (since 1 January 2008); note - the president is both the chief of state and head of government representing the Federal Council; the Federal Council is the formal chief of state and head of government whose council members, rotating in one-year terms as federal president, represent the Council


head of government: President Pascal COUCHEPIN (since 1 January 2008); Vice President Hans-Rudolf MERZ (since 1 January 2008)


cabinet: Federal Council or Bundesrat (in German), Conseil Federal (in French), Consiglio Federale (in Italian) elected by the Federal Assembly usually from among its members for a four-year term


elections: president and vice president elected by the Federal Assembly from among the members of the Federal Council for a one-year term (they may not serve consecutive terms); election last held on 12 December 2007 (next to be held in December 2008)


election results: Pascal COUCHEPIN elected president; percent of Federal Assembly vote - 80.0%; Hans-Rudolf MERZ elected vice president; percent of Federal Assembly vote - 86.5%
chief of state: President Micheline CALMY-REY (since 1 January 2007); Vice President Pascal COUCHEPIN (since 1 January 2007); note - the president is both the chief of state and head of government


head of government: President Micheline CALMY-REY (since 1 January 2007); Vice President Pascal COUCHEPIN (since 1 January 2007)


cabinet: Federal Council or Bundesrat (in German), Conseil Federal (in French), Consiglio Federale (in Italian) elected by the Federal Assembly usually from among its members for a four-year term


elections: president and vice president elected by the Federal Assembly from among the members of the Federal Council for a one-year term (they may not serve consecutive terms); election last held on 13 December 2006 (next to be held in December 2007)


election results: Micheline CALMY-REY elected president; percent of Federal Assembly vote - 76.5%; Pascal COUCHEPIN elected vice president; percent of Federal Assembly vote - 86.5%
GDP - real growth rate 2.6% (2007 est.) 2.7% (2006 est.)
Inflation rate (consumer prices) 0.6% (2007 est.) 1.1% (2006 est.)
International organization participation ADB (nonregional members), AfDB, Australia Group, BIS, CE, CERN, EAPC, EBRD, EFTA, ESA, FAO, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Paris Club, PCA, PFP, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNOMIG, UNRWA, UNTSO, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO, ZC ACCT, AfDB, AsDB, Australia Group, BIS, CE, CERN, EAPC, EBRD, EFTA, ESA, FAO, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, MONUC, NAM (guest), NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Paris Club, PCA, PFP, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMEE, UNOMIG, UNRWA, UNTSO, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO, ZC
Labor force 3.85 million (2007 est.) 3.8 million (2006 est.)
Legislative branch bicameral Federal Assembly or Bundesversammlung (in German), Assemblee Federale (in French), Assemblea Federale (in Italian) consists of the Council of States or Standerat (in German), Conseil des Etats (in French), Consiglio degli Stati (in Italian) (46 seats; membership consists of 2 representatives from each canton and 1 from each half canton; to serve four-year terms) and the National Council or Nationalrat (in German), Conseil National (in French), Consiglio Nazionale (in Italian) (200 seats; members are elected by popular vote on the basis of proportional representation to serve four-year terms)


elections: Council of States - last held in most cantons on 19 October 2003 (each canton determines when the next election will be held); National Council - last held on 21 October 2007 (next to be held in October 2011)


election results: Council of States - percent of vote by party - NA; seats by party - CVP 15, FDP 14, SVP 8, SPS 6, other 3; National Council - percent of vote by party - SVP 29%, SPS 19.5%, FDP 15.6%, CVP 14.6%, Greens 9.6%, other 11.7%; seats by party - SVP 62, SPS 43, FDP 31, CVP 31, Green Party 20, other small parties 13; note - seating for the Council of States as of December 2007 is CVP 16, FDP 12, SVP 7, SPS 9, other 2
bicameral Federal Assembly or Bundesversammlung (in German), Assemblee Federale (in French), Assemblea Federale (in Italian) consists of the Council of States or Standerat (in German), Conseil des Etats (in French), Consiglio degli Stati (in Italian) (46 seats; membership consists of 2 representatives from each canton and 1 from each half canton; to serve four-year terms) and the National Council or Nationalrat (in German), Conseil National (in French), Consiglio Nazionale (in Italian) (200 seats; members are elected by popular vote on the basis of proportional representation to serve four-year terms)


elections: Council of States - last held in most cantons on 19 October 2003 (each canton determines when the next election will be held); National Council - last held on 21 October 2007 (next to be held in October 2011)


election results: Council of States - percent of vote by party - NA; seats by party - CVP 15, FDP 14, SVP 8, SPS 6, other 3; National Council - percent of vote by party - SVP 29%, SPS 19.5%, FDP 15.6%, CVP 14.6%, Greens 9.6%, other 11.7%; seats by party - SVP 62, SPS 43, FDP 31, CVP 31, Green Party 20, other small parties 13
Pipelines gas 1,781 km; oil 94 km; refined products 7 km (2007) gas 1,831 km; oil 94 km; refined products 7 km (2006)
Political parties and leaders Green Party (Gruene Partei der Schweiz or Gruene, Parti Ecologiste Suisse or Les Verts, Partito Ecologista Svizzero or I Verdi, Partida Ecologica Svizra or La Verda) [Ruth GENNER]; Christian Democratic People's Party (Christlichdemokratische Volkspartei der Schweiz or CVP, Parti Democrate-Chretien Suisse or PDC, Partito Democratico-Cristiano Popolare Svizzero or PDC, Partida Cristiandemocratica dalla Svizra or PCD) [Christophe DARBELLAY]; Radical Free Democratic Party (Freisinnig-Demokratische Partei der Schweiz or FDP, Parti Radical-Democratique Suisse or PRD, Partitio Liberal-Radicale Svizzero or PLR) [Fulvio PELLI]; Social Democratic Party (Sozialdemokratische Partei der Schweiz or SPS, Parti Socialist Suisse or PSS, Partito Socialista Svizzero or PSS, Partida Socialdemocratica de la Svizra or PSS) [Hans-Juerg FEHR]; Swiss People's Party (Schweizerische Volkspartei or SVP, Union Democratique du Centre or UDC, Unione Democratica de Centro or UDC, Uniun Democratica dal Center or UDC) [Ueli MAURER]; and other minor parties Green Party (Gruene Partei der Schweiz or Grune, Parti Ecologiste Suisse or Les Verts, Partito Ecologista Svizzero or I Verdi, Partida Ecologica Svizra or La Verda) [Ruth GENNER]; Christian Democratic People's Party (Christichdemokratische Volkspartei der Schweiz or CVP, Parti Democrate-Chretien Suisse or PDC, Partito Democratico-Cristiano Popolare Svizzero or PDC, Partida Cristiandemocratica dalla Svizra or PCD) [Christophe DARBELLAY]; Radical Free Democratic Party (Freisinnig-Demokratische Partei der Schweiz or FDP, Parti Radical-Democratique Suisse or PRD, Partitio Liberal-Radicale Svizzero or PLR) [Fulvio PELLI]; Social Democratic Party (Sozialdemokratische Partei der Schweiz or SPS, Parti Socialist Suisse or PSS, Partito Socialista Svizzero or PSS, Partida Socialdemocratica de la Svizra or PSS) [Hans-Juerg FEHR]; Swiss People's Party (Schweizerische Volkspartei or SVP, Union Democratique du Centre or UDC, Unione Democratica de Centro or UDC, Uniun Democratica dal Center or UDC) [Ueli MAURER]; and other minor parties
Telephone system general assessment: highly developed telecommunications infrastructure with excellent domestic and international services


domestic: ranked among leading countries for fixed-line teledensity and infrastructure; mobile-cellular subscribership roughly 100 per 100 persons; extensive cable and microwave radio relay networks


international: country code - 41; satellite earth stations - 2 Intelsat (Atlantic Ocean and Indian Ocean)
general assessment: excellent domestic and international services


domestic: extensive cable and microwave radio relay networks


international: country code - 41; satellite earth stations - 2 Intelsat (Atlantic Ocean and Indian Ocean)
Unemployment rate 3.1% (2007 est.) 3.3% (2006 est.)
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