Economically speaking, Switzerland is one of the most stable countries in the world, with a GDP that has been quite steady for the last few years. The country is ranked among the 20 largest economies in the world. Its GDP per capita even ranks fourth on a global scale. In 2017, economic growth amounted to 1 percent, a slump that Switzerland is expected to recover from over the next five years; at the same time, the unemployment rate is expected to slightly decrease.
Since 2012, Switzerland has been reporting deflation rather than inflation rates. Ever since the financial crisis of 2008, its inflation rate has been extremely low, but this is estimated to change slightly by the end of the decade.
Politically, Switzerland’s constitution determines a direct democracy. The country is divided into several cantons, i.e. administrative divisions. Switzerland is notorious for staying out of foreign relations and quarrels, it avoids starting military or political alliances and makes a point of staying neutral. As a result of referendums, it is not in the European Union - it is, however, a member of the United Nations.