Swiss Tourism
Autor: Tim • January 29, 2018 • 5,220 Words (21 Pages) • 537 Views
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a 2002 figure.
b GNI figure is recorded for Liechtenstein.
c Latest year available, 2001 for Switzerland.
Source: Swiss Federal Statistical Office (2004a); and Principality of Liechtenstein (2004a).
- Both economies are highly dependent on international trade, both in goods and services. The European Union (particularly Germany) is the largest buyer and supplier of goods to Switzerland and Liechtenstein alike; in services, the United States, Japan, and other Asian economies are also major trading partners.
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Recent Economic Developments
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Macroeconomic developments
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Overview
- Switzerland’s economic growth rate, as indicated by real GDP, fell from 3.6% in 2000 to 1% in 2001 and 0.3% in 2002 (Table I.2). Provisional estimates for the year 2003 show that the economy was in recession (-0.4% fall in real GDP). Recovery began in mid 2003; from then up to mid 2004, there was a pronounced rise in manufacturing production; and in 2004, most indicators confirm that the recovery is under way. Overall, the authorities expect growth of some 1.8% in real GDP in 2004, with some private sector estimates are more optimistic.[4]
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Table I.2
Economic indicators, Switzerland, 1999-03
1999
2000
2001
2002
2003
National accounts SEC 95a
Real GDP b
1.3
3.6
1.0
0.3
-0.4
Agriculture
-4.2
7.2
-8.0
-3.8
...
Mining and quarrying
-1.8
-2.9
-0.5
-2.8
...
Manufacturing
0.0
1.6
3.7
1.5
...
Electricity, gas and water
4.1
-1.6
2.5
-2.9
...
Construction
-1.1
-0.4
-0.3
5.8
...
Services
0.8
4.8
0.2
0.1
...
Final consumption b
2.0
2.4
2.3
-0.8
0.2
Private consumption b
2.3
2.3
2.0
0.3
0.5
Government consumption b
0.3
2.6
4.2
3.2
1.4
Gross fixed capital formation b
1.2
4.3
-3.1
0.3
-0.3
Equipment b
4.9
5.5
-2.9
-1.1
-2.0
Construction b
-3.7
2.7
-3.4
2.2
1.8
Changes in stocks (% of GDP) b
-0.5
-0.9
0.5
-0.5
-1.0
Net exports of goods and services (Sw F billion) b
22.4
23.7
18.4
23.3
30.6
Consumer prices (% changes)
0.8
1.6
1.0
...