Swiss-U.S. Economic Relations

Investments and Jobs

Although Switzerland is less than 1% the size of the United States, Switzerland is the 6th most important foreign direct investor, with cumulative investments of $352 billion. Around 500 Swiss companies are active in the U.S., creating around 400,000 jobs across all 50 states. The United States receives more than one-fifth of all Swiss direct investment abroad and is Switzerland’s largest investment destination. Conversely, total U.S. business investments in Switzerland amount to nearly $240 billion, translating to more than 95,000 Swiss jobs. More than 1,200 American companies, from early-stage innovators to well-known multinationals, have operations in Switzerland.

But it is not only about quantity—it is foremost about quality. Swiss companies in the United States rank first in terms of the average yearly salary they pay (over $130,000) and are the 6th largest foreign employer in manufacturing jobs in the United States. Also no other investor in the U.S. invests as much in research and development as Swiss companies. Swiss investments are not only beneficial to the United States. They are equally important to the Swiss economy, creating and maintaining jobs in Switzerland as well. For our companies, America has long been and will continue to be a very attractive location to drive innovation and produce high-quality goods.

Trade

Trade is an integral part of the economic relationship between the United States and Switzerland. Bilateral goods and services trade was worth $188.6 billion in 2024, with the United States’ exports to Switzerland worth $90.2 billion and imports worth $98.4 billion (see Bureau of Economic Analysis, 2025). U.S. firms ship a variety of goods to Switzerland, ranging from primary metals and chemicals to transportation equipment and computers. Nearly 60,000 U.S. jobs were supported by goods shipped from the United States to Switzerland. The United States exported $64.7 billion in services to Switzerland in 2024. Representing 5.6 percent of U.S. services exports worldwide, Switzerland was the fourth-

largest market for U.S. services in 2024. Exports of services from the United States to Switzerland supported some 217,000 U.S. jobs in 2023.

Banking & Finance

Switzerland’s financial sector is a significant pillar of its economy, accounting for approximately 9% of Swiss GDP. Domestically, Switzerland’s deep and efficient capital markets have fostered a highly diversified and vibrant network of small and medium-sized enterprises (SMEs). Globally, Switzerland’s financial sector plays a crucial role in financial intermediation. The driving factors behind Switzerland’s preferred status as an international financial center are political stability as well as an efficient institutional and regulatory environment.