Switzerland has a stable and modern economy

Switzerland has a stable and modern economy. It has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services.[74] The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan (and indeed one of the highest in the world).[75] The Swiss franc remains one of the world's strongest currencies with the lowest inflation rate (rising to an estimated 0.7% for 2011).[76]
If adjusted for purchasing power parity, Switzerland ranks eleventh in the world in terms of GDP per capita, according to the CIA World Factbook.[75] The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world.[77] For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin.[78] In 2010, the Global Wealth Report by Credit Suisse Research Institute found that Switzerland has the highest average wealth per adult at $372,692, followed by Norway, Australia and Singapore at $326,530, $320,909 and $255,488 respectively, with wealth defined by the value of financial and non-financial (such as real estate) assets.[7] In 2005 the median household income in Switzerland was an estimated 95,000 CHF, the equivalent of roughly 100,000 USD (as of December 2010) in nominal terms.


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