Entrepreneurship in Switzerland: Economic position

The Swiss economic position is regularly ranked among the best in the world in many fields, such as innovation, for example.

Switzerland is among the best economic areas in the world. Its geographic position at the heart of Europe, its quality of life, multilingualism, liberal laws, qualified workforce, and its higher education schools (hautes écoles) and first-rate research institutions make it a preferred place to establish and develop a company.

Switzerland thus ranks first in the 2021 World Competitiveness Ranking published by IMD. The European Commission also places the country at the top of the European innovation scoreboard 2021 (europa.eu). Furthermore, Switzerland gained first position in the global competitiveness ranking set out in the World Economic Forum (WEF) Global Competitiveness Report 2019.

Switzerland - a champion of innovation

Economists maintain that the innovative force of Switzerland is one of the main reasons for its economic success. The country, with its environment favorable to start-ups and its higher education schools and internationally known research institutions, is regularly ranked as a champion of innovation.

In 2021, the country placed 1st in the worldwide innovation index published by INSEAD and the World Intellectual Property Organization (WIPO).

Facility to conduct business

The 2020 edition of the Doing Business report by the World Bank, which measures the impact of regulations on SMEs, places Switzerland in a less favorable position than the IMD and WEF surveys mentioned above.

Source: Doing Business 2020, World Bank (Next publication: October 2022)


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Last modification 28.10.2021

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