Economic Impact of the Swiss Financial Sector - Results 2020
Published online 02.12.2020
Executive Summary of a study commissioned by the Swiss Bankers Association (SBA) and the Swiss Insurance Association (SIA)
The financial sector is one of the most important industries of the Swiss economy. Its more than 222,000 employees generated value added of CHF 70.5 billion in 2019 which was equivalent to 10 percent of the Swiss overall economy. The intermediate demand of the financial sector and the spending of its employees created another 17.6 billion in value added in other industries. The economic activities of the financial sector generated an estimated CHF 19.3 billion in tax revenue in 2019, corresponding to 12.7 percent of all federal, cantonal and municipal tax revenue.
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