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WEB GDP Rises 2% in Switzerland in First Quarter
Switzerland's Economic Strength
Switzerland's Gross Domestic Product (GDP) grew by 0.5% in the first quarter of 2024 compared to the previous quarter. This growth places Switzerland among the top 10 economies by GDP per capita, with an estimated USD 92,000 in 2022.
Approximately 74% of Switzerland's GDP is generated by the service sector, indicating a highly developed and diversified economy.
Switzerland's economy is ranked among the world's most advanced and is characterized by a highly-developed free market system.
Key Indicators
- GDP growth in the first quarter of 2024: 0.5%
- GDP per capita in 2022: USD 92,000
- Service sector contribution to GDP: 74%
Economic Projections
According to statistics, Switzerland's GDP is projected to grow steadily in the coming years, reaching an estimated 2.5% growth rate by 2029.
Conclusion
Switzerland's strong and growing economy is a testament to its stability, innovation, and commitment to free market principles.
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