Updated figures on the Swiss Financial Centre

_20.04.2021

The contribution of banks and insurance companies to the gross domestic product in Switzerland increased in 2020. This is shown by the new, annually updated key figures on Switzerland as a financial centre. The financial sector (banks and insurance companies) accounted for 9.7 percent of Swiss GDP in 2020 (previous year: 9.2 percent). The 246 banks and 199 insurance companies in Switzerland employ 208,788 people (in full-time equivalents). In the client custody accounts of the banks in Switzerland, there are securities holdings amounting to 6900 billion Swiss francs, 3329 billion of which are from abroad.