Why is Switzerland so developed?
Why is Switzerland so developed? Strong Economy and Financial Sector Switzerland has a highly developed economy that is largely based on its strong financial sector. The country is home to several of the world's largest banks, including UBS and Credit Suisse, as well as numerous insurance companies and wealth management firms.
When did America become the richest country?
The United States has been the world's largest national economy in terms of GDP since around 1890.
Is Switzerland a better place to live than the US?
1 in 2023 U.S. News Best Countries Rankings. The nation retained its top ranking while the United States slipped for the first time in five years.