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Economic Facts and Figures about the Canton of Geneva


The Canton of Geneva is a key economic center in Switzerland, contributing significantly to both the national and international economy. Here are some key facts and figures about its economy:


Population

Total Population: Approximately 500,000 residents, making it one of the most densely populated cantons in Switzerland. The population grows at an average rate of 1.1% per year.


Media outlets from the Canton of Geneva


Newspapers and Magazines

  • Tribune de Genève: One of the most well-known daily newspapers in Geneva, covering local, national, and international news.

  • Le Temps: A prestigious French-language newspaper headquartered in Geneva, focusing on national and international news.

  • Bilan: A leading economic magazine in the Romandy region, covering economic topics, finance, and entrepreneurship.


Radio

  • Radio Lac: A regional radio station specializing in news, music, and entertainment for the Geneva area.

  • One FM: A popular private radio station offering music and news for the Geneva region and beyond.

  • RTS La Première: Part of the public Swiss broadcasting service (Radio Télévision Suisse), providing French-language news and programming.


Television

  • RTS (Radio Télévision Suisse): The French-speaking branch of Swiss television and radio, broadcasting news, entertainment, and cultural programs.


Online Media

  • 20 Minutes Suisse (Genève): The online version of the 20 Minutes newspaper, with a special Geneva edition covering local news and events.

  • L'Agefi: An economic and financial newspaper with a strong focus on the Geneva region and international financial markets.

  • Heidi.news: An online magazine with a strong presence in Geneva, focusing on scientific and societal topics.


Companies and Business Activity

  • Number of Active Companies: The Canton of Geneva hosts over 40,000 active companies across various sectors.

  • Average Monthly Start-ups: On average, nearly 300 new companies are registered each month. In 2022, the total number of new companies registered was over 3,600.

  • Annual Business Closures: Around 2,800 businesses are dissolved or go bankrupt annually, reflecting the dynamic nature of the business environment.


Daily Commercial Register Data for Swiss Companies – As of 11.10.2024 for the Canton of Geneva

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Start-ups
Mutations
Deletions
8 Companies
74 Companies
6 Companies

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Employment

  • Total Employment: Geneva employs over 300,000 people, making it a crucial employment center in Switzerland. The job market is diverse, encompassing finance, international organizations, technology, and services.

  • Unemployment Rate: The unemployment rate in Geneva is slightly higher than the national average, hovering around 3.9% as of recent reports.


Economic Output

Gross Domestic Product (GDP): Geneva's GDP is substantial, with the canton generating around CHF 66 billion annually. This accounts for a significant portion of Switzerland's total GDP.


Key Economic Sectors

  • Finance and Insurance: Geneva is home to numerous financial institutions and insurance companies, making it one of the leading global financial centers.

  • International Organizations: Geneva is a major hub for international organizations, including the United Nations and numerous non-governmental organizations, contributing significantly to the local economy.

  • Technology and Innovation: Geneva is a growing center for technology and innovation, with a strong presence of tech companies and startups, supported by institutions like the University of Geneva.

  • Trade and Commerce: The retail and trade sectors in Geneva are robust, featuring a mix of luxury boutiques and major department stores.


Education and Research

Educational Institutions: Geneva is renowned for its prestigious universities and research centers, such as the University of Geneva, which play a crucial role in driving innovation and providing a skilled workforce.


Infrastructure and Living Standards

  • Infrastructure: The canton boasts excellent infrastructure, including transportation, healthcare, and education, contributing to a high standard of living.

  • Quality of Life: Geneva consistently ranks high in global quality of life surveys, offering a balanced mix of economic opportunity and personal well-being.


These figures underscore Geneva's vital role in both the national and global economy, reflecting its dynamic business environment and high quality of life. For more detailed statistics and information, resources such as Yellow Pages Switzerland, eco.help.ch, and www.ge.ch provide comprehensive directories and insights into Geneva's economic landscape.


Sources


Most Famous Companies from Geneva


Banque Pictet & Cie, Carouge

Banque Pictet & Cie, headquartered in Carouge, is one of the leading independent wealth and asset management firms in the world, known for its personalized approach to client services. With a legacy spanning over two centuries, the bank has built a reputation for stability, discretion, and tailored investment solutions.


Union Bancaire Privée (UBP), Geneva

Union Bancaire Priveé, based in Geneva, is a prominent private bank specializing in wealth management for private and institutional clients. Renowned for its expertise in alternative investments, the bank offers customized solutions to meet the diverse needs of its global clientele.


Richemont, Bellevue

Richemont, headquartered in Bellevue, is a global luxury goods holding company, known for its prestigious jewelry, watch, and fashion brands. Its portfolio includes iconic names like Cartier, Montblanc, and Van Cleef & Arpels, making it a leader in craftsmanship and timeless elegance.


Rolex, Geneva

Rolex, based in Geneva, is one of the world’s most renowned luxury watch manufacturers, symbolizing quality and prestige. With a rich history of innovation and precision, Rolex has become a benchmark in the watchmaking industry, celebrated for its timeless designs and technical excellence.


Procter & Gamble, Lancy

Procter & Gamble, headquartered in Lancy for its European operations, is a multinational consumer goods company known for brands like Gillette, Pampers, and Tide. With a strong focus on innovation and sustainability, P&G continues to deliver high-quality products that reach millions of households worldwide.


Givaudan SA, Vernier

Givaudan SA, based in Vernier, is the world’s largest producer of flavors and fragrances, serving the food, beverage, and beauty industries. Renowned for its cutting-edge research and sustainable practices, Givaudan plays a crucial role in creating the scents and tastes that define many of the world’s favorite products.


MSC Mediterranean Shipping, Geneva

MSC Mediterranean Shipping, headquartered in Geneva, is one of the world’s largest container shipping companies, providing global transportation solutions. With a vast fleet and an extensive network of routes, MSC connects markets across all continents, ensuring efficient and reliable service for businesses worldwide.


Banque Lombard Odier, Geneva

Banque Lombard Odier, based in Geneva, is a leading Swiss private bank known for its wealth and asset management services. With a heritage dating back over 200 years, the bank is recognized for its commitment to innovation, sustainability, and providing personalized financial solutions to its clients.


Edmond de Rothschild, Geneva

Edmond de Rothschild, headquartered in Geneva, is a global investment firm specializing in private banking and asset management. With a strong focus on responsible investment and a long-standing tradition of financial expertise, the firm offers tailored solutions that align with the unique goals of its clients.


Firmenich, Satigny

Firmenich, based in Satigny, is the world’s largest privately-owned fragrance and flavor company, known for its innovative creations. With a rich heritage in crafting unique scents and tastes, Firmenich partners with leading brands across the globe, blending artistry with science to shape memorable sensory experiences.


Trafigura, Geneva

Trafigura, headquartered in Geneva, is a leading independent commodity trading and logistics house, dealing in metals, minerals, and oil. With a global reach and a focus on supply chain optimization, Trafigura plays a crucial role in connecting raw materials with markets, ensuring efficient and reliable delivery across industries.


Mercuria Energy Group, Geneva

Mercuria Energy Group, based in Geneva, , is a global energy and commodities trading company, specializing in the trade of crude oil, refined petroleum products, and natural gas. With a strong presence in key markets, Mercuria is known for its expertise in managing complex supply chains and providing innovative energy solutions to clients worldwide.


SGS, Geneva

SGS, headquartered in Geneva, is the world’s leading inspection, verification, testing, and certification company, ensuring quality and integrity across global supply chains. With a presence in nearly every industry, SGS is trusted for its expertise and commitment to helping businesses comply with international standards and regulations, fostering consumer confidence worldwide.


Cargill International SA, Grand-Lancy

Cargill International SA, headquartered in Grand-Lancy, is a leading provider of food, agriculture, financial, and industrial products and services globally. With a focus on sustainability and innovation, Cargill connects farmers, markets, and consumers, helping to nourish the world while ensuring responsible resource management.


Gunvor, Geneva

Gunvor, based in Geneva, is one of the world’s largest independent commodities trading houses, specializing in the trade of oil, natural gas, and other energy products. With a focus on efficiency and sustainability, Gunvor leverages its global infrastructure to provide reliable energy solutions while adapting to the evolving needs of the energy market.


Vitol Group, Geneva

Vitol Group, based in Geneva, is one of the largest independent energy trading companies in the world, specializing in the trade of crude oil, refined products, and other energy commodities. With a vast global network and decades of industry expertise, Vitol plays a pivotal role in ensuring the efficient supply of energy resources to markets worldwide, adapting to changing market dynamics and energy transition trends.


More companies in canton Geneva

Company Directory Geneva




Geneva economy


Overview of Geneva's Business Landscape


Geneva, one of the most important cities in Switzerland, boasts a dynamic and multifaceted business environment. It serves as a key economic hub not only for Switzerland but also for Europe and the world. This bustling metropolis is home to a wide range of industries, from finance and international organizations to technology and luxury retail, creating a rich tapestry of commercial activities. For more detailed information, resources like Yellow Pages Switzerland, www.help.ch, and www.firmensuchmaschine.ch provide comprehensive directories of businesses in Geneva.


Financial and Consulting Services

Geneva's financial sector is a cornerstone of its economy, with numerous international banks and consulting firms headquartered here. The city's financial institutions offer a broad spectrum of services, including wealth management, investment banking, and asset management. This strong financial sector underpins Geneva's reputation as a global financial center, attracting significant business and investment from around the world. For specific company listings, Yellow Pages Geneva is an invaluable resource.


Retail and Trade

The retail landscape in Geneva is equally impressive, featuring both high-end boutiques and luxury department stores. These establishments cater to a diverse clientele, offering everything from luxury goods to everyday necessities. The city's retail sector is characterized by a blend of international brands and local businesses, providing a unique shopping experience that draws visitors and residents alike. To explore more retail businesses, Yellow Pages Geneva is highly recommended.


Technology and Innovation

Geneva is also a growing hotspot for technological innovation, with numerous tech companies and startups establishing themselves in the city. Geneva's commitment to fostering a supportive environment for tech enterprises has led to the growth of a vibrant tech ecosystem, including software development, digital services, and cutting-edge research. For a detailed directory of tech companies, refer to Yellow Pages Geneva.


Insurance and Risk Management

The insurance sector in Geneva is another critical component of its economy. The city hosts major insurance firms that offer a wide range of products, including life, health, and vehicle insurance. These companies are integral to managing risk and providing financial security for both individuals and businesses. To find more about insurance companies, Yellow Pages Geneva is a reliable source.


International Organizations

Geneva is renowned for being the headquarters of numerous international organizations, including the United Nations, the World Health Organization, and various non-governmental organizations. These entities contribute significantly to the local economy and position Geneva as a global center for diplomacy and international cooperation. Resources like www.firmensuchmaschine.ch can provide more detailed information on these organizations.


Fitness and Wellness

In addition to traditional business sectors, Geneva has a thriving fitness and wellness industry. Numerous fitness centers and wellness clubs are spread across the city, promoting a healthy lifestyle among its residents. This focus on fitness and wellness reflects Geneva's broader commitment to enhancing the quality of life for its citizens. For a comprehensive list of fitness centers, Yellow Pages Geneva is an excellent resource.


Cultural and Artistic Enterprises

The cultural landscape of Geneva is rich and varied, with many organizations dedicated to the arts. These include galleries, theaters, and cultural associations that contribute to the city's vibrant artistic scene. This sector not only enriches the cultural fabric of Geneva but also adds to its appeal as a cosmopolitan city. To explore more cultural enterprises, www.firmensuchmaschine.ch provides detailed information.


Education and Training

Education plays a pivotal role in Geneva's business environment. The city is home to prestigious educational institutions offering a range of programs designed to equip students with the skills needed for today's job market. These institutions provide a robust pipeline of talent for various industries, ensuring that businesses in Geneva have access to well-trained professionals. For more information on educational institutions, www.help.ch can provide extensive listings.


Community and Non-Profit Organizations

Lastly, Geneva is home to a multitude of non-profit organizations and community groups. These entities play a vital role in addressing social issues, providing support services, and enhancing community engagement. Their presence underscores Geneva's commitment to fostering a supportive and inclusive environment for all its residents. Yellow Pages Geneva is an excellent resource for finding various non-profit organizations.

In summary, Geneva's business landscape is characterized by its diversity and dynamism. The city continues to thrive as a global business hub, driven by its strong financial sector, prominent international organizations, innovative tech industry, vibrant retail market, and rich cultural scene. This multifaceted business environment not only supports the local economy but also positions Geneva as a leading city on the international stage. For more detailed information and company listings, refer to Yellow Pages Switzerland, www.help.ch, and www.firmensuchmaschine.ch.