what service industry is an important part of the swiss economy
Economy of Switzerland The economy of Switzerland is one of the world's most stable economies. The service sector has also come to play a significant economic role, particularly the Swiss banking industry and tourism. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index[15] and the 2017 Global Competitiveness Report.[16] According to United Nations data for 2016, Switzerland is the third richest landlocked country in the world after Liechtenstein and Luxembourg, and together with Norway the only two countries in the world with a GDP per capita above US$70,000 that are neither island nations nor ministates.[17]
Switzerland as a federal state The rise of Switzerland as a federal state began on 12 September 1848, with the creation of a federal constitution in response to a 27-day civil war in Switzerland, the Sonderbundskrieg. The constitution, which was heavily influenced by the United States Constitution and the ideas of the French Revolution, was modified several times during the following decades and wholly replaced in 1999. The constitution represents the first time that the Swiss were governed by a strong central government instead of being simply a collection of independent cantons bound by treaties.