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Impact of COVID-19 on Switzerland Economy Size, Share and Forecast 2019-2025

Impact of COVID-19 on Switzerland Economy Size, Share and Forecast 2019-2025

Submitted by • June 12, 2020 www.omrglobal.com

Switzerland is among the most developed nations and is a free market economy. The country was the 15th largest exporter across the globe, accounted for nearly $302 billion in 2018 and was the 13th largest importer globally with nearly $272 billion in 2018. The EU is Switzerland's key partner for trading. Nearly 43% of the country’s exports are destined for EU countries and 78% of the country’s imports reported from the EU. In 2019, nearly 83% of the country’s exports of manufactured goods to the EU were reported as compared to the primary goods which represented 11% of EU exports of goods.

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