The economy of Switzerland is one of the world's most advanced and a highly developed free market economy. The economy of Switzerland has ranked first in the world since 2015 on the Global Innovation Index and third in the 2020 Global Competitiveness Report. According to United Nations data for 2016, Switzerland is the third richest landlocked country in the world after Liechtenstein and Luxembourg. Together with the latter and Norway, they are the only three countries in the world with a nominal GDP per capita above US$90,000 that are neither island nations nor ministates. Among OECD nations, Switzerland holds the 3rd-largest GDP per capita. Switzerland has a highly efficient and strong social security system; social expenditure stood at roughly 24.1% of GDP.
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👉 Economy of Switzerland in the context of Wenger
Wenger was a Swiss cutlery manufacturer that exists today as a brand of once-rival Victorinox, used for knives, watches and licensed products. Founded in 1893, it was best known as one of two companies to manufacture Swiss Army knives. Based in Delémont, Wenger was acquired in 2005 by Victorinox and partially absorbed. Since 2013 Wenger Swiss Army knives have been integrated in the Victorinox collection as the "Delémont collection".