Switzerland: Buying and Selling
With a GDP per capita PPP of USD 77,324.1 in 2021 (World Bank), Swiss consumers enjoy a particularly high buying power. The average monthly gross wage in 2020 was CHF 6,665. According to the latest figures from OECD, the average household net-adjusted disposable income per capita is USD 39,697 a year, higher than the OECD average of USD 30,490 a year. There is a considerable gap between the richest and poorest – the top 20% of the population earn nearly five times as much as the bottom 20%. Switzerland's Gini index was at the level of 33.1 in 2018 (World Bank, latest data available).
The average consumption expenditure of private households stood at CHF 4,985 per month per household in 2019 (Federal Statistical Office, latest data), divided as follows: housing and energy 14.4% of the gross income; transport 7.4%, food and non-alcoholic beverages 6.6%; restaurants and hotels 5.8%; entertainment, recreation and culture 5.3%; health 2.6%; furnishings, household equipment and routine household maintenance 2.2%; clothing and footwear 1.8%; and communication 1.8%.
There is a gender gap between women and men’s earnings for all levels of educational attainment for which data are available. In 2020, the wage gap stood at 10.8% (Federal Statistical Office). Switzerland ranks 13th out of 146 countries in the Global Gender Gap Index 2022 published by the World Economic Forum, with a score of 79.5%.
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Latest Update: July 2024