Commodities Trading Far Outstrips Tourism, New Swiss Stats Show
- Commodities trading industry accounts for 4.8% of Swiss GDP
- More than 900 trading houses account for almost 10,000 jobs
Photographer: Fabrice Coffrini/AFP/Getty Images
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The economic importance of the commodity trading sector in Switzerland is larger than previously believed, new government statistics show.
With revenues of about $33 billion in 2018, the industry accounted for 4.8% of Switzerland’s gross domestic product, the State Secretariat for Economic Affairs said. That’s up from previous estimates of about 4% and far larger than the Alpine country’s vaunted tourism sector, which contributed 2.9% to Switzerland’s GDP the same year.