About Switzerland

General Information
Switzerland is a mountainous Central European country, home to numerous lakes, villages and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge. The country is also known for its ski resorts and hiking trails. Banking and finance are key industries, and Swiss watches and chocolate are world renowned.

Population
Switzerland has a population of 8,401,120

Political Structure
The Federal Constitution adopted in 1848 is the legal foundation of the modern federal state. It is among the oldest constitutions in the world. A new Constitution was adopted in 1999, but did not introduce notable changes to the federal structure. It outlines basic and political rights of individuals and citizen participation in public affairs, divides the powers between the Confederation and the cantons and defines federal jurisdiction and authority. There are three main governing bodies on the federal level: the bicameral parliament (legislative), the Federal Council (executive) and the Federal Court (judicial).

Infrastructure and Economy
Switzerland has a stable, prosperous and high-tech economy and enjoys great wealth, being ranked as the wealthiest country in the world per capita in multiple rankings. In 2011 it was ranked as the wealthiest country in the world in per capita terms (with “wealth” being defined to include both financial and non-financial assets), while the 2013 Credit Suisse Global Wealth Report showed that Switzerland was the country with the highest average wealth per adult in 2013. It has the world’s nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity.

Languages
Switzerland’s official languages include: German, English, Italian and Romansh.

Currency
Swiss franc (CHF)

Exchange Controls
Switzerland does not have exchange controls.