In the year 2018 contributed financial and insurance services of 62.8 billion Swiss francs in Switzerland is still 9.1 percent to GDP. Ten years before that, there were 66.7 billion and a share of the GDP of 11.1 percent. This is evident from the semi-annual report “Switzerland as a financial centre” by the state Secretariat for international financial matters (SIF), which was released on Monday.
The employment could meanwhile grow in the last decade, only outside of the core area of the financial location. Clearly visible is the decline was in the sector of traditional financial services. Overall, the number of jobs continued to decline in 2018 in the financial centre of Switzerland, 204’265 211’939 in 2008. The sector accounts for 5.2 percent of total employment to 5.9 percent ten years earlier.
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The financial site is a still a significant contribution to the revenue of the public sector. This is the result of both taxes on the income of the employees as well as taxes on the income of the employer. The tax revenue from the financial sector amounted to 2016, to 6.5 billion to 5.8 billion in 2012. These are, respectively, 7.5 per cent of the direct tax revenue.
in the Meantime, the taxation of the financial sector rose in the year 2014, about seven billion Swiss francs at the time, a share of the total tax revenue in Switzerland of 8.8 percent. (SDA)