Economy
Zurich is a leading financial center and global city. The Greater Zurich Area is Switzerland's economic centre and home to a vast number of international companies. By far the most important sector in the economy of Zurich is the service industry, which employs nearly four fifths of workers. Other important industries include light industry, machine and textile industries and tourism. Most Swiss banks have their headquarters in Zurich and there are numerous foreign banks in the Greater Zurich Area. Located in Zurich, the Swiss Stock Exchange was established in 1877 and is nowadays the fourth most prominent stock exchange in the world. In addition Zurich is the world's largest gold trading centre. Ten of the country's 50 largest companies have their head offices in Zurich, among them ABB, UBS, Credit Suisse, Swiss Re and Zurich Financial Services.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)