Revolut already has 1.3m customers in Switzerland. Now it wants a Swiss banking licence. Why? A new force may soon emerge in Swiss banking—though it is hardly a newcomer. Revolut, a British fintech firm, already has 1.3m customers in Switzerland. The firm has applied to the Swiss Financial Market Supervisory Authority (Finma) for a banking […]
Swiss housing acutely scarce again
Switzerland’s housing market tightened further in 2026 to reach a vacancy rate below 1% for the first time since 2013. On June 1st, 45,493 homes stood empty, according to the Federal Statistical Office (FSO), equivalent to 0.93% of the housing stock. That was 0.07 percentage points lower than a year earlier. The number of vacant […]
Most Swiss electricity bills to fall in 2027
Swiss households will get some relief from high electricity bills next year. Prices in the regulated basic-supply market will fall by a median 4% in 2027, according to ElCom, the federal electricity regulator. A typical household consuming 4,500kWh a year will pay about CHF 1,194, CHF 53 less than in 2026. The decline is being […]
Swiss canton votes on a 12% tax cut
On September 27th voters in Vaud will decide whether to cut cantonal income and wealth taxes by 12%. Business groups say the measure would ease the tax burden and bolster purchasing power. The cantonal government, left-wing parties and trade unions warn that it would blow a hole in the public finances. The initiative is one […]
Switzerland’s gender pay gap shrinks to its lowest ever
Switzerland’s gender pay gap narrowed again in 2024. Women earned 15.7% less than men on average, down from 16.2% in 2022, according to the Federal Statistical Office (FSO). The unexplained difference narrowed to 6.5%. The trend is longstanding. Across the economy, including both the private and public sectors, the gap stood at 19.0% in 2018 […]
Why home ownership varies so sharply across Switzerland’s cantons
Switzerland’s housing market varies significantly by region. The chances of owning a home depend heavily on the canton in which one lives. Switzerland’s home-ownership rate is low by European standards, but the national figure hides a much more interesting story. In 2024, 35.7% of permanently occupied homes were owner-occupied. Yet the gap between cantons was […]
Swiss GDP growth holds steady in 2025
Switzerland’s economy grew by 1.6% in real terms in 2025, compared with 1.5% in 2024. The broadly steady pace of expansion was driven mainly by strong domestic demand, which rose by 2.5%. Investment was particularly buoyant, increasing by 3.5%, reported the Federal Statistical Office (FSO). The 2025 figure is slightly below Switzerland’s recent long-run norm. […]
Swiss labour market keeps growing despite skills shortage
Employment in Switzerland continued to rise in the second quarter of 2026, according to the Federal Statistical Office. Most of the new jobs were in services, while the number of vacancies was also higher than a year earlier. At the end of June, companies outside agriculture employed 5.698m people. Of these, 2.388m worked part-time. Women […]
Swiss unions want a 2% pay rise. Employers are unconvinced
With inflation running at just 0.4%, the battle over wages in 2027 may be as much about productivity growth as lost purchasing power. In any case Switzerland’s wage negotiations for 2027 are shaping up to be contentious. Travail.Suisse, a trade-union federation, is demanding an across-the-board pay rise of 2%. The Swiss Employers’ Association, by contrast, […]
Switzerland’s inflation problem is that it barely has one
Consumer prices declined in July, underscoring how different Switzerland’s inflation story is from much of the world. Over the month the consumer-price index fell by 0.1% from June, leaving prices just 0.4% higher than a year earlier, according to the Federal Statistical Office (FSO). Core inflation, which strips out fresh and seasonal products, energy and […]
