Industry Sector Contribution to GDP in Switzerland (1990-2022)

Switzerland’s industrial sector contribution to GDP saw a steady decline from 30.5% in 1990 to a low of 24.1% by 2016, a trend influenced by the country’s strong shift toward a service-oriented economy. This shift was partly due to the expanding finance and healthcare industries, which outpaced industrial growth. The global financial crisis in 2008-2009 further impacted the sector, with a drop to 24.7% by 2009. However, post-2016, Switzerland saw some stabilization and modest increases, peaking at 25.6% in 2021, likely fueled by growth in advanced manufacturing and technology sectors. Switzerland’s robust economic policies and focus on innovation helped sustain its industrial base, though the sector’s relative contribution to GDP remained lower due to service sector dominance. In recent years, the sector's contribution has hovered around 24.9% in 2022, reflecting a balanced but lower reliance on industry amidst ongoing service sector expansion.