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>* The Swiss have benefitted from maintaing a sound fiscal house and associated currency, over time. The US, much of Western Europe and Japan have been busy deb

>* The Swiss have benefitted from maintaing a sound fiscal house and associated currency, over time. The US, much of Western Europe and Japan have been busy debasing themselves with enormous financial mistakes over the last several decades.* No, these other countries are all industrial producers (and Switzerland isn't), therefore profiting from low exchange rates.

adventured 8y ago
No, Switzerland is in fact a large industrial producer and exporter given its economic size. Their goods exports as a share of their economy are larger than the US for example. Switzerland: "About 74% of Swiss GDP is generated by the service sector and 25% by industry. The contribution from the agricultural sector is less than 1%." [1] By contrast, nearly 80% of the US economy is service sector based.[2] Japan is around 70% for its service sector as a share of its economy. Switzerland isn't far off of Japan. The typical high-income nation has 74% of its economy comprised of the service sector, which is exactly where Switzerland is. Exports (including services) account for nearly half of Switzerland's economy. Just one industrial good export, packaged medicaments, as a share of their total GDP (5.1%) is nearly equal to all combined US exports (including service exports) as a share of the US economy (all US exports are 5.8% of the US economy).[3] Switzerland is very clearly an industrial economy as well as a service econonomy. [1] https://www.eda.admin.ch/aboutswitzerland/en/home/wirtschaft/uebersicht/wirtschaft---fakten-und-zahlen.html https://www.eda.admin.ch/aboutswitzerland/en/home/wirtschaft... [2] https://www2.deloitte.com/insights/us/en/economy/issues-by-the-numbers/trade-in-services-economy-growth.html https://www2.deloitte.com/insights/us/en/economy/issues-by-t... [3] https://atlas.media.mit.edu/en/profile/country/che/ https://atlas.media.mit.edu/en/profile/country/che/

adventured 8y ago

No, Switzerland is in fact a large industrial producer and exporter given its economic size. Their goods exports as a share of their economy are larger than the US for example. Switzerland: "About 74% of Swiss GDP is generated by the service sector and 25% by industry. The contribution from the agricultural sector is less than 1%." [1] By contrast, nearly 80% of the US economy is service sector based.[2] Japan is around 70% for its service sector as a share of its economy. Switzerland isn't far off of Japan. The typical high-income nation has 74% of its economy comprised of the service sector, which is exactly where Switzerland is. Exports (including services) account for nearly half of Switzerland's economy. Just one industrial good export, packaged medicaments, as a share of their total GDP (5.1%) is nearly equal to all combined US exports (including service exports) as a share of the US economy (all US exports are 5.8% of the US economy).[3] Switzerland is very clearly an industrial economy as well as a service econonomy. [1] https://www.eda.admin.ch/aboutswitzerland/en/home/wirtschaft/uebersicht/wirtschaft---fakten-und-zahlen.html https://www.eda.admin.ch/aboutswitzerland/en/home/wirtschaft... [2] https://www2.deloitte.com/insights/us/en/economy/issues-by-the-numbers/trade-in-services-economy-growth.html https://www2.deloitte.com/insights/us/en/economy/issues-by-t... [3] https://atlas.media.mit.edu/en/profile/country/che/ https://atlas.media.mit.edu/en/profile/country/che/