L’importance économique du secteur bancaire suisse (Swiss Bankers Association)

Summary

• In 2025, Swiss banking services generated CHF 43.8 billion in direct gross value added and 157,700 full-time equivalent (FTE) jobs.p.4
• The banking sector accounts for CHF 24.4 billion in service exports in 2025, which corresponds to 14.7% of total Swiss service exports.p.4
• Including indirect impacts, banking activity generated CHF 74.5 billion in gross value added and supported 338,700 FTE jobs in 2025.p.5
• Direct and indirect tax revenues linked to banking activities reached an estimated CHF 16.6 billion in 2025, representing 9.3% of total public tax revenues.p.5
• Real gross value added growth for banks is projected at +3.1% in 2026 and +1.7% in 2027.p.5
• Banking sector employees exhibit high labor productivity, generating CHF 280,900 per FTE job in 2025, compared to CHF 189,400 for the national economy.p.15

Key insights

1. Direct banking services account for 5.1% of Switzerland's total gross value added and 3.5% of total employment in 2025.p.4
2. The intermediate consumption ratio of banks rose from an average of 41.0% (2006–2015) to 47.5% (2016–2025) due to regulation and IT infrastructure demands.p.11
3. Financial market-related taxes, such as withholding tax, stamp duty, and VAT, contributed CHF 8.4 billion to public revenues in 2025.p.12
4. Between 2006 and 2025, domestically oriented banks maintained steady value-added growth, while international banks experienced higher volatility.p.13
5. Zurich and Geneva together concentrate more than half of all banking jobs in Switzerland.p.22
6. Bank labor growth in 2026 is projected to contract by -0.9% due to the integration of Credit Suisse into UBS.p.25