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150,000 companies in Zurich, Switzerland revive border trade centers with neighboring countries

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The city of Zurich is one of Switzerland’s most important economic centers, home to nearly 150,000 companies,  while the international trade sector occupies a prominent and leading position, with the country deriving 50% of its foreign revenue from this sector through these robust investments, coupled with low tax rates, as is customary in the Western world, , which further fuels the industry’s growth.

Switzerland’s active trade activity directs half of its exports to its neighboring countries in the Eurozone; this means that the fate of its economy is intertwined with that of its European neighbors. Therefore, the European Union is considered a key partner for the country, in addition to the United States, Japan, China, and the Pacific Rim countries.

The average annual household income is 95,000 francs, equivalent to $100,000 per year. It is worth noting that Switzerland has one of the largest bank deposits in the world, accounting for a significant percentage of its gross domestic product.