Economic Impact of the Swiss Financial Sector
Published online 28.11.2024
NEW
Study commissioned by the Swiss Bankers Association (SBA) and the Swiss Insurance Association (SIA) – Results 2024
The financial sector provides a wide range of financial services in Switzerland and abroad. In addition to offering a range of essential services (bank accounts, loans and insurance), Switzerland has established significant international hubs for cross-border wealth management and reinsurance. In 2023, banking services accounted for 16.0 per cent and insurance services for 6.4 per cent of Swiss exports of services. The provision of financial services in Switzerland and abroad generated gross value added of CHF 108.4 billion along the entire value chain in 2023 (directly and indirectly), associated with 479,300 employees (full-time equivalents, FTE).