Breaking down why Switzerland is so Rich | The Swiss Economy

When you think of Switzerland, the stunning Swiss Alps, velvety smooth chocolates, high-quality products and services, and its banks may come to mind. But there's more to this country than its breathtaking natural beauty and scenic views. Switzerland boasts the highest wealth per adult in the world, with Swiss residents having assets averaging over $500k. The country is so affluent that 800,000 millionaires live there despite having a population of fewer than nine million people (roughly the same as London's population).

In Switzerland, one in every eight adults is a dollar millionaire. In layman's terms, Switzerland is uber-rich! However, Switzerland hasn't always been this prosperous. In the 19th century, poverty, hunger, and no job opportunities drove many Swiss people to seek their fortunes elsewhere, particularly in North and South America. But today, Swiss citizens enjoy a high standard of living, high-quality healthcare, good education, and overall well-being.

So, how did Switzerland, a landlocked country sandwiched in the heart of Europe, with no oil, no gold, no diamonds, or any natural minerals, not even a large population for cheap labour, access to trade routes, or a seacoast, become one of the wealthiest countries in the world?

Let me tell you how Switzerland got so rich.

📚 Sources: https://docs.google.com/document/d/1l...

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