Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003, with a small rise to 1.8% in 2004-05. Even so, unemployment has remained at less than half the EU average.
Switzerland's independence and neutrality have long been honored by the major European powers and Switzerland was not involved in either of the two World Wars. The political and economic integration of Europe over the past half century, as well as Switzerland's role in many UN and international organizations has strengthened Switzerland's ties with its neighbors. However, the country did not officially become a UN member until 2002. Switzerland remains active in many UN and international organizations, but retains a strong commitment to neutrality.
Switzerland showcases three of Europe's most distinct cultures. To the northeast is the clean and correct, 8-to-5-working, more stiff Swiss-German-speaking Switzerland; to the southwest you find the wine drinking and laissez-faire style known from the French; in the southeast, south of the Alps, the sun warms cappuccino-sippers loitering in Italian-style piazzas; and in the center: classic Swiss flugelhorns and mountain landscapes. Binding it all together is a distinct Swiss mentality.
Switzerland can be a glorious whirlwind trip whether you've packed your hiking boots, snowboard, or just a good book and a pair of sunglasses.