Montreux - Economy

Economy

As of 2010, Montreux had an unemployment rate of 6.9%. As of 2008, there were 70 people employed in the primary economic sector and about 27 businesses involved in this sector. 1,165 people were employed in the secondary sector and there were 174 businesses in this sector. 9,290 people were employed in the tertiary sector, with 999 businesses in this sector. There were 10,202 residents of the municipality who were employed in some capacity, of which females made up 46.1% of the workforce.

In 2008 the total number of full-time equivalent jobs was 8,991. The number of jobs in the primary sector was 55, of which 31 were in agriculture, 17 were in forestry or lumber production and 6 were in fishing or fisheries. The number of jobs in the secondary sector was 1,118 of which 403 or (36.0%) were in manufacturing and 708 (63.3%) were in construction. The number of jobs in the tertiary sector was 7,818. In the tertiary sector; 1,296 or 16.6% were in the sale or repair of motor vehicles, 439 or 5.6% were in the movement and storage of goods, 1,311 or 16.8% were in a hotel or restaurant, 70 or 0.9% were in the information industry, 564 or 7.2% were the insurance or financial industry, 458 or 5.9% were technical professionals or scientists, 943 or 12.1% were in education and 1,591 or 20.4% were in health care.

In 2000, there were 4,949 workers who commuted into the municipality and 4,964 workers who commuted away. The municipality is a net exporter of workers, with about 1.0 workers leaving the municipality for every one entering. About 2.3% of the workforce coming into Montreux are coming from outside Switzerland, while 0.0% of the locals commute out of Switzerland for work. Of the working population, 22.5% used public transportation to get to work, and 50.9% used a private car.