Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, highly skilled labor force and per capita GDP among the highest in the world.
High technology manufacturing industry and high developed financial services are key economic drivers while political stability, advanced legal system, state of the art infrastructures and low corporate taxes allow Switzerland to be among world's most advanced economy. The country largely benefit from EU Trades agreements while continues to apply a certain level of trade protectionism in the agricultural sector.
The pro capite GDP in 2011 was $ 43.400, the 15th globally, with unemployment rate at 3.1, inflation rate at 0.4 and Central Bank discount rate at 0.5. Public debt is 52.4% of GDP with 2011 Budget closed in surplus.
Protected by a specific local laws, car vehicles price are higher than in EU but import is low. In 2011 light passengers industry registered 347.779 vehicles, the world's 30th.
Following the double digit decline posted in the previous month, in April the car market in Switzerland slipped only 1.6% from last year. Year-to-date sales were down 7.2%. While the Skoda Octavia kept the market leadership the BMW series 3 climbed in 2nd place.
The car market in Switzerland was negative again in March, posting the 8th consecutive year-on-year decline, losing 12.1% from last year. The first quarter 2013 was archived with a loss of 9.3%. In March, Volkswagen struggled again while Ford posted a great month.
February 2013 confirmed the negative momentum of the car market in Switzerland posting a decline of 4.6%. Year-to-date sales were down 7.4%. While Volkswagen recovered share, Skoda grew above 8%, pushed by strong demand on Octavia.
Following the all-time record posted in the 2012, the new year started with a market loss of 10.1% from the previous year. After the phenomenal performance posted in December, Volkswagen dropped back on the earth at a "normal" 10% of share.
In the 2012, the Switzerland car market posted the second consecutive all-time record in a row, growing 2.9% from last. In December the market was down 4.5% with Volkswagen posting a phenomenal performance with share at 20%
The car market was down again in November in Switzerland, reducing the year-to-date gain at only 3.7%. BMW was strong. Climbing in 2nd place with a share of 6.9%, while Audi was weaker than before, with a share declined at 6.6%
In October, the Switzerland car market posted a recovery after the severe 20% September drop and fell only 1.6% from last year. However, year-to-date sales were up 4.8% in line to hit the all-time record. The Skoda Octavia confirmed the leadership.
In September the car market heavily dropped in Switzerland with only 21.166 sales, down 20.1% from previous year. Year-to-date sales were 245.515, up 5.5% from last year. BMW surged in 2nd place with 1.480 sales, driven by an outstanding X3 sales month.
July was negative also for the strong Swiss car market with sales at 24.998 units, down 3.2% from previous year. However, the year to date sales in July were 202.270, up 9.8% from last year. While Audi reinforced its 2nd position, Skoda dropped in 7th.
The car industry in Switzerland posted a positive first half 2012, with 177.310 sales, up 11.9% from last year. In June, the market rose 42% at 39.905 units. Volkswagen is the market leader posting 5 models in the top 7.
The car industry in Switzerland is stable, as its economy. Indeed, this market is fluctuating around 300.000 cars sold each year. The all-time record was achieved in the 1990 at 329.899 units. In the 2011, with 318.000 the market achieved its 2nd best year. Light commercial vehicles industry is stable, around 25.000 units per year.