Facts and figures on the Swiss financial sector
The Swiss banking sector has grown twice as fast as the economy overall in the past 20 years. During this time it has generated a third of Switzerland’s entire GDP growth.
The financial sector generates around one tenth of the economic value created in Switzerland and contributes two to three times as much to national value creation as financial sectors in comparable European countries.
- It is estimated that the financial sector was responsible for around CHF 20 billion of additional value creation in 2015, with orders to the industrial and service sectors.
- Overall, the financial sector therefore contributed CHF 80 billion or around 12% to the GDP of Switzerland (2015).
More than 50% of the assets that are managed in Switzerland belong to clients abroad.
- The 20 largest asset managers include five Swiss banks.
- At the end of 2016, banks in Switzerland managed total assets of more than CHF 6650 billion.