Significance

The Zurich financial centre is of considerable economic and social significance for the Zurich region (the Zurich financial centre includes the cantons Zurich, Zug, and Schwyz) – including as an employer, educator, lender, contracting entity, taxpayer and important promoter of cultural institutions and events.

The financial services cluster includes the following sub-sectors:

• Banks
• Insurances
• Other financial services providers  

High Share in Value Added

Every sixth value added franc and every tenth job in the region depend directly on the Zurich financial centre. In 2023, the regional financial sector generated a gross value added of approximately CHF 32.8 billion. The industry structure of Zurich’s financial sector is well-balanced, serving as both a major banking hub and a key insurance center. Banks contributed 43 per cent of the sector’s value creation, while insurance companies accounted for 37 per cent and other financial services for 20 per cent. When compared to other Swiss financial centres, Zurich has maintained its position as the country’s largest financial centre by far. 

The Zurich financial centre also plays a central role as an employer. In 2023, one in ten jobs in the Zurich region was provided by the financial industry, which translates into more than 103,400 jobs. Digitalisation is accelerating the speed of structural change at the financial centre, turning Zurich into a dynamic hub for blockchain technology and fintech.

Source: BAK Economics AG

Publications

Activities

Zurich Finance Dialogue

Representatives from industry and politics meet regularly to discuss the future of the finance sector. Collaborations between traditional financial institutions and fintech start-ups are more important than ever in order to secure Zurich’s long-term competitiveness as a financial centre.

Seminal Fintech Technology

The Zurich financial centre is one of the leading fintech hubs worldwide. According to the Global Fintech Hub Ranking, Zurich boasts the third-largest potential for entrepreneurship, innovation and financial technologies – beaten only by Singapore and Stockholm, but ahead of London, Amsterdam, New York City and Hong Kong.

Zurich actively supports the development of fintech companies and, in so doing, is contributing to a strong and dynamic financial ecosystem.

Events

There are no events planned at the moment.