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Switzerland Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
8,236,303 (July 2017 est.)GDP (PPP)
$517.2 billion (2017 est.)GDP growth rate
1.1% (2017 est.)Low, quite stagnant
GDP (PPP) per capita
$61,400 (2017 est.)Very high
Local currency
Swiss Franc (CHF)Strong and stable currency
Financial stability (Public debt)
42.8% of GDP (2017 est.)Medium to low and slightly shrinking
Inflation
0.5% (2017 est.)Very low
Language
German 63%, French 22.7%, Italian 8.1%, Romansch 0.5%Corruption perception index (Source: Transparency International)
3/180Very low level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
7.7% standard rate 2.5% on goods for basic needs
Corporate Tax
8.5% standard federal tax rate Cantonal taxes are also levied, so that the total tax burden ranges between 11.5% and 24.2% depending on each canton
Duties
The customs duty is calculated on the gross weight of imported goods, where category-specific weight rates apply. Products like alcoholic drinks, tobacco products, food, and textiles are typical categories of higher duty rates
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