Unemployment rate in Switzerland 2019

The statistic shows the unemployment rate in Switzerland from 1999 to 2019. In 2019, Switzerland's unemployment rate amounted to around 4.58 percent.

Switzerland's economy

Due to a fairly prosperous and stable economy, Switzerland has essentially become the world’s investment safe haven over the past several decades and one of the globally leading economical leaders. Switzerland primarily thrives due to its services sector, which partially profits from large amounts of tourism, as well as from its manufacturing sector. Due to the country’s low population, Switzerland has simultaneously maintained a low unemployment rate. The majority of employed workers in the country possess a relatively high level of education and are specialized, which essentially allows for the country to offer high end jobs with higher wages, and often guarantees a higher level of productivity and efficiency. As a result, Swiss adults have on average the most amount of money compared to the average amount around the world, beating out countries such as the United States.

Despite experiencing the early 2000s recession, 2008 global financial crisis as well as the Eurozone crisis, Switzerland has still sustained a high production of goods and services within the country, being ranked as one of the most efficient and productive countries in the world). Additionally, Swiss households are made up of one of the highest percentages of millionaires in the world, which is made possible by the country’s low tax rates.

Switzerland: Unemployment rate from 1999 to 2019

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Source

Release date

July 2020

Region

Switzerland

Survey time period

1999 to 2019

Supplementary notes

Figures have been rounded.

All figures are modeled ILO estimates.

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Statistics on "Switzerland"

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