Household consumption in Switzerland is comparable to that in other Western European countries. The distribution of household consumption in Switzerland is as follows (World Bank 197):
3. Housing: 11 percent.
4. Transportation and communication: nine percent.
7. Clothing and footwear: four percent.
Income distribution in Switzerland is generally similar to that in other Western European countries and the United States with a few exceptions. First, the income share for the highest 20 percent of the population in Switzerland (44.6 percent) is more comparable to that in the United States (41.9 percent) than to that in the other Western European countries (a range from 36 to 41 percent). Second, the income share for the highest 10 percent of the population in Switzerland (29.8 percent) is even higher than that in the United States (25 percent), while the range in the other Western European countries is from 21.2 to 25.5 percent). The quintile income shares among the Swiss population are as follows (World Bank 237):
5. Highest 20 percent: 44.6 percent.
Economic development in Switzerland has not resulted in the degree of urbanization that has occurred in most other industrial countries. In Switzerland, 61 percent of the population resides in urban area (World Bank 239). Comparable levels are 74 percent in the United States, 86 percent in the Netherlands, and 92 percent in the United Kingdom. In Switzerland, 22 percent of the population resides in urban areas with populations in excess of 500,000 persons, while the proportion is 77 percent in the United States, 24 percent in the Netherlands, and 55 percent in the United Kingdom.
Switzerland's most important resource is its people. The highly educated and trained Swiss people provide a highly efficient and highly productive work force that permits Switzerland to compete in a world economy in the absence of large-scale ph...
Historical Background of Switzerland. (1969, December 31). In LotsofEssays.com. Retrieved 02:14, February 23, 2017, from http://www.collegetermpapers.com/viewpaper/1304275876.html